First Industrial Realty Trust (NYSE:FR) Releases FY 2026 Earnings Guidance

First Industrial Realty Trust (NYSE:FR) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.090-3.190 for the period, compared to the consensus estimate of 2.250. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

FR has been the subject of a number of recent analyst reports. Wall Street Zen raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Truist Financial raised their price target on First Industrial Realty Trust from $65.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Monday, January 5th. Robert W. Baird set a $65.00 price objective on shares of First Industrial Realty Trust in a research report on Tuesday, February 17th. Finally, Barclays restated a “positive” rating and issued a $64.00 price objective on shares of First Industrial Realty Trust in a research report on Tuesday, January 13th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.29.

First Industrial Realty Trust Trading Up 0.3%

Shares of NYSE:FR traded up $0.20 during trading on Thursday, hitting $63.55. 127,660 shares of the company’s stock were exchanged, compared to its average volume of 1,034,747. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. First Industrial Realty Trust has a 1-year low of $46.51 and a 1-year high of $64.66. The firm has a 50-day moving average price of $60.44 and a two-hundred day moving average price of $58.13. The firm has a market cap of $8.42 billion, a P/E ratio of 34.19 and a beta of 1.11.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). First Industrial Realty Trust had a return on equity of 9.02% and a net margin of 34.03%.The company had revenue of $188.41 million for the quarter, compared to analyst estimates of $186.20 million. During the same period last year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. Equities analysts predict that First Industrial Realty Trust will post 3.17 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Tuesday, March 31st were issued a dividend of $0.50 per share. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Tuesday, March 31st. First Industrial Realty Trust’s dividend payout ratio is presently 107.53%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC boosted its holdings in shares of First Industrial Realty Trust by 430.8% in the fourth quarter. Corient Private Wealth LLC now owns 160,334 shares of the real estate investment trust’s stock valued at $9,182,000 after buying an additional 130,129 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of First Industrial Realty Trust by 22.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 29,521 shares of the real estate investment trust’s stock valued at $1,691,000 after buying an additional 5,340 shares during the period. State of Tennessee Department of Treasury boosted its holdings in shares of First Industrial Realty Trust by 1.7% in the fourth quarter. State of Tennessee Department of Treasury now owns 341,454 shares of the real estate investment trust’s stock valued at $19,815,000 after buying an additional 5,675 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of First Industrial Realty Trust in the fourth quarter valued at approximately $790,000. Finally, Empowered Funds LLC acquired a new position in shares of First Industrial Realty Trust in the fourth quarter valued at approximately $271,000. 99.85% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.