First Industrial Realty Trust (FR) vs. Its Peers Head to Head Survey

First Industrial Realty Trust (NYSE:FR) is one of 50 public companies in the “Industrial REITs” industry, but how does it weigh in compared to its rivals? We will compare First Industrial Realty Trust to related companies based on the strength of its earnings, risk, valuation, analyst recommendations, institutional ownership, profitability and dividends.

Dividends

First Industrial Realty Trust pays an annual dividend of $2.00 per share and has a dividend yield of 3.6%. First Industrial Realty Trust pays out 74.3% of its earnings in the form of a dividend. As a group, “Industrial REITs” companies pay a dividend yield of 4.5% and pay out 103.3% of their earnings in the form of a dividend. First Industrial Realty Trust has increased its dividend for 12 consecutive years.

Profitability

This table compares First Industrial Realty Trust and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
First Industrial Realty Trust	46.12%	12.60%	6.19%
First Industrial Realty Trust Competitors	36.75%	4.70%	2.30%

Insider and Institutional Ownership

99.8% of First Industrial Realty Trust shares are owned by institutional investors. Comparatively, 61.8% of shares of all “Industrial REITs” companies are owned by institutional investors. 1.1% of First Industrial Realty Trust shares are owned by insiders. Comparatively, 5.6% of shares of all “Industrial REITs” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Valuation and Earnings

This table compares First Industrial Realty Trust and its rivals gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
First Industrial Realty Trust	$727.08 million	$247.44 million	20.42
First Industrial Realty Trust Competitors	$999.13 million	$263.98 million	56.51

First Industrial Realty Trust’s rivals have higher revenue and earnings than First Industrial Realty Trust. First Industrial Realty Trust is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Analyst Recommendations

This is a breakdown of current ratings and price targets for First Industrial Realty Trust and its rivals, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
First Industrial Realty Trust	0	8	7	0	2.47
First Industrial Realty Trust Competitors	420	2303	2553	76	2.43

First Industrial Realty Trust currently has a consensus target price of $64.93, suggesting a potential upside of 18.19%. As a group, “Industrial REITs” companies have a potential upside of 45.55%. Given First Industrial Realty Trust’s rivals higher probable upside, analysts plainly believe First Industrial Realty Trust has less favorable growth aspects than its rivals.

Volatility & Risk

First Industrial Realty Trust has a beta of 1.01, indicating that its stock price is 1% more volatile than the S&P 500. Comparatively, First Industrial Realty Trust’s rivals have a beta of 1.04, indicating that their average stock price is 4% more volatile than the S&P 500.

Summary

First Industrial Realty Trust rivals beat First Industrial Realty Trust on 9 of the 15 factors compared.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. Our portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. In total, we own and have under development approximately 68.5 million square feet of industrial space as of December 31, 2023.