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

Key Points

• First Industrial Realty Trust issued FY 2026 EPS guidance of $3.15–$3.19, broadly in line with the analyst consensus estimate of $3.17.
• Analysts maintain a generally positive view, with seven Buy ratings and six Holds, resulting in a “Moderate Buy” consensus and an average price target of $69.
• Shares fell 0.9% to $54.77 after the company reported quarterly EPS of $0.44, below the $0.82 estimate, despite revenue increasing 8.6% year over year; the company also pays a $2.00 annualized dividend, yielding about 3.7%.

First Industrial Realty Trust (NYSE:FR - Get Free Report) updated its FY 2026 earnings guidance on Friday morning. The company provided EPS guidance of 3.150-3.190 for the period, compared to the consensus estimate of 3.170.

Analyst Upgrades and Downgrades

FR has been the topic of several analyst reports. Weiss Ratings lowered First Industrial Realty Trust from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, September 8th. Robert W. Baird increased their price target on shares of First Industrial Realty Trust from $71.00 to $74.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Raymond James Financial reissued an "outperform" rating and set a $71.00 price target (down from $86.00) on shares of First Industrial Realty Trust in a research report on Friday. The Goldman Sachs Group set a $62.00 price target on shares of First Industrial Realty Trust in a report on Friday. Finally, Wells Fargo & Company boosted their price objective on shares of First Industrial Realty Trust from $61.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 1st. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, First Industrial Realty Trust has an average rating of "Moderate Buy" and a consensus target price of $69.00.

First Industrial Realty Trust Stock Down 0.9%

Shares of First Industrial Realty Trust stock traded down $0.52 during trading on Friday, reaching $54.77. The company's stock had a trading volume of 269,194 shares, compared to its average volume of 1,075,799. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 19.89 and a beta of 1.03. First Industrial Realty Trust has a 1-year low of $54.23 and a 1-year high of $69.88. The company has a 50-day simple moving average of $60.93 and a two-hundred day simple moving average of $62.34.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its earnings results on Wednesday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.38). First Industrial Realty Trust had a net margin of 46.12% and a return on equity of 12.65%. The business had revenue of $197.12 million for the quarter, compared to analyst estimates of $196.41 million. During the same period in the prior year, the company earned $0.76 earnings per share. The company's quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts forecast that First Industrial Realty Trust will post 3.17 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 19th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. First Industrial Realty Trust's dividend payout ratio is 72.99%.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc NYSE: FR is a real estate investment trust focused on the ownership, management, acquisition, development and redevelopment of industrial properties in the United States. Its portfolio primarily serves businesses that require space for distribution, warehousing, manufacturing, light industrial operations and other logistics-related activities.

The company leases its properties to a diverse group of tenants, including retailers, manufacturers, logistics providers and third-party distribution companies.

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