First Industrial Realty Trust (NYSE:FR) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

First Industrial Realty Trust (NYSE:FR) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.14, FiscalAI reports. The firm had revenue of $194.94 million for the quarter, compared to analyst estimates of $195.81 million. First Industrial Realty Trust had a return on equity of 12.36% and a net margin of 45.98%. First Industrial Realty Trust updated its FY 2026 guidance to 3.120-3.200 EPS.

First Industrial Realty Trust Stock Performance

Shares of FR stock traded down $0.70 during trading hours on Wednesday, reaching $67.76. 1,157,253 shares of the company’s stock were exchanged, compared to its average volume of 1,076,386. The company has a market cap of $8.98 billion, a P/E ratio of 26.26 and a beta of 1.05. The company’s 50 day moving average is $63.12 and its two-hundred day moving average is $61.13. First Industrial Realty Trust has a 1 year low of $47.38 and a 1 year high of $69.88. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.04 and a quick ratio of 1.04.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, June 30th. First Industrial Realty Trust’s dividend payout ratio is 77.52%.

Analysts Set New Price Targets

A number of analysts have weighed in on FR shares. Wells Fargo & Company decreased their price objective on First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Wall Street Zen upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Barclays increased their price target on First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. KeyCorp reiterated a “sector weight” rating on shares of First Industrial Realty Trust in a research report on Wednesday, June 10th. Finally, Weiss Ratings raised shares of First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $64.29.

Institutional Trading of First Industrial Realty Trust

Institutional investors have recently modified their holdings of the business. Rush Island Management LP purchased a new position in First Industrial Realty Trust in the second quarter worth $79,904,000. AQR Capital Management LLC grew its stake in shares of First Industrial Realty Trust by 491.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,855,214 shares of the real estate investment trust’s stock worth $89,291,000 after purchasing an additional 1,541,778 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of First Industrial Realty Trust by 436.2% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 856,308 shares of the real estate investment trust’s stock valued at $44,074,000 after purchasing an additional 696,596 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of First Industrial Realty Trust by 42.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,787,988 shares of the real estate investment trust’s stock valued at $92,028,000 after purchasing an additional 536,498 shares in the last quarter. Finally, Gillson Capital LP acquired a new stake in shares of First Industrial Realty Trust in the fourth quarter valued at about $28,961,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

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.