Analysts Set Expectations for FR Q2 Earnings

First Industrial Realty Trust, Inc. (NYSE:FR) – Analysts at Wedbush issued their Q2 2025 earnings per share estimates for shares of First Industrial Realty Trust in a research note issued to investors on Thursday, April 24th. Wedbush analyst R. Anderson forecasts that the real estate investment trust will post earnings per share of $0.73 for the quarter. The consensus estimate for First Industrial Realty Trust’s current full-year earnings is $2.89 per share. Wedbush also issued estimates for First Industrial Realty Trust’s Q3 2025 earnings at $0.76 EPS, Q4 2025 earnings at $0.79 EPS, FY2025 earnings at $2.96 EPS and FY2026 earnings at $3.14 EPS.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.02). First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. The firm had revenue of $177.07 million for the quarter, compared to analysts’ expectations of $176.98 million.

FR has been the topic of a number of other research reports. Barclays reissued a “cautious” rating on shares of First Industrial Realty Trust in a research note on Tuesday, March 25th. The Goldman Sachs Group cut their price objective on First Industrial Realty Trust from $59.00 to $51.00 and set a “neutral” rating on the stock in a research note on Tuesday. Robert W. Baird raised their price target on First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft started coverage on First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a “hold” rating and a $52.00 price objective for the company. Finally, Scotiabank cut their target price on First Industrial Realty Trust from $58.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $57.15.

First Industrial Realty Trust Stock Performance

First Industrial Realty Trust stock opened at $47.63 on Friday. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 21.85 and a beta of 1.07. First Industrial Realty Trust has a 12 month low of $40.31 and a 12 month high of $58.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The stock’s 50-day moving average is $52.23 and its 200-day moving average is $52.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of First Industrial Realty Trust by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 19,190,885 shares of the real estate investment trust’s stock worth $962,039,000 after purchasing an additional 304,589 shares during the last quarter. Invesco Ltd. lifted its stake in shares of First Industrial Realty Trust by 80.2% during the fourth quarter. Invesco Ltd. now owns 4,276,906 shares of the real estate investment trust’s stock valued at $214,401,000 after acquiring an additional 1,903,164 shares during the period. JPMorgan Chase & Co. increased its position in First Industrial Realty Trust by 28.7% in the third quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock worth $187,798,000 after purchasing an additional 747,101 shares during the period. Geode Capital Management LLC lifted its position in First Industrial Realty Trust by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 2,482,693 shares of the real estate investment trust’s stock valued at $124,492,000 after purchasing an additional 14,298 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in First Industrial Realty Trust by 5.7% in the fourth quarter. Alliancebernstein L.P. now owns 2,432,120 shares of the real estate investment trust’s stock valued at $121,922,000 after acquiring an additional 130,819 shares during the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, March 31st were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.74%. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s dividend payout ratio (DPR) is 88.12%.

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.