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 morning. The company provided earnings per share guidance of 3.120-3.200 for the period, compared to the consensus earnings per share estimate of 3.140. The company issued revenue guidance of -.

First Industrial Realty Trust Stock Down 2.1%

First Industrial Realty Trust stock opened at $66.31 on Friday. First Industrial Realty Trust has a 12 month low of $47.38 and a 12 month high of $69.88. The stock has a fifty day simple moving average of $63.34 and a two-hundred day simple moving average of $61.27. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.90. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 24.20 and a beta of 1.05.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.22). First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 13.09%. The business had revenue of $194.94 million for the quarter, compared to the consensus estimate of $195.81 million. During the same period in the previous year, the company earned $0.76 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Equities analysts predict that First Industrial Realty Trust will post 3.14 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Tuesday, June 30th were issued 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 (DPR) is presently 77.52%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Robert W. Baird lifted their price target on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Barclays boosted their target price on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $65.00 price objective on shares of First Industrial Realty Trust in a report on Monday, April 27th. Raymond James Financial reissued a “strong-buy” rating on shares of First Industrial Realty Trust in a research report on Thursday, June 18th. Finally, Weiss Ratings raised shares of First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.29.

Institutional Inflows and Outflows

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

About First Industrial Realty Trust

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.