First Industrial Realty Trust, Inc. | REIT Profile

Symbol: FR
CIK: 921825
Exchange: NYSE
Founded: 1993 (29 years)
HQ: Chicago, IL, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Industrial

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See FR on SEC.gov

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About First Industrial Realty Trust, Inc.

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 64.3 million square feet of industrial space as of June 30, 2017.


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Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$45.05 $46.98 $44.82 $46.55 $46.30 $46.30 953,645 -$1.26 -2.71% $5,949,159,501 19.09 $66.02 $44.82 -32.01%

Last update: 2022-09-27 12:57:16 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 9.1

Hightlights of Trading Day September 27, 2022


Open Price: $46.55
Closing Price: $45.04
Price Change: -1.26 (-2.721%)
Lowest Price: $44.82
Highest Price: $46.98
52-Week Low: $44.82
52-Week High: $66.02
52-Week Change: -10.21%
5 Day Price Change: -7.53%
1 Month Price Change: -10.76%
3 Month Price Change: -5.06%
6 Month Price Change: -22.27%
YTD Price Change: -29.30%
1 Year Price Change: -11.12%
2 Year Price Change: 21.56%
5 Year Price Change: 71.60%

Dividend of Trading Day September 27, 2022


Dividend Yield: 2.62%*
Annualized Dividend: $1.18*
Dividend Yield (TTM): 2.422%
Annualized Dividend (TTM): $1.1213
Ex-Dividend Date: 2022-06-29
Next Ex-Dividend: 2022-09-29
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


See more news headlines for First Industrial Realty Trust, Inc.

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for FR.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q2 FFO $--- $--- ---%
2022 Q1 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day September 27, 2022


Total Cash: $135,233,000
Current Debt: $350,060,000
Revenue: $498,195,000
Gross Profit: $498,195,000
Total Revenue: $498,195,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $445,210,000
Revenue Per Share: $4
Revenue Per Employee: N/A
Employee: 2,021
Debt to Equity Ratio (D/E): 2.03
Profit Margin: 0.62%
Enterprise Value (EV): $8,655,120,173
Enterprise Value to Revenue (EV/R): 17.37
Price to Sales (P/S): 13.82
Price to Book (P/B): 2.99
Price/Earnings-to-Growth (PEG) Ratio: 0.73
P/E Ratio: 19.08
P/E High: 44.08
P/E Low: 32.90
Forward P/E Ratio: 30.93
Market Capitalization: $5,948,499,144
Beta: 0.73
Latest Volume: 1,305,515
Avg. Total Volume: 1,276,917
Avg. 10-Day Volume: 1,757,416
Avg. 30-Day Volume: 1,276,917
TTM EPS: 2.36
Shares Outstanding: 132,071,473
Float: N/A
50-Day Moving Avg.: $52.01
200-Day Moving Avg.: $53.44

Latest REIT Community Comments on #FR


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Properties Owned by FR


FR Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $41.78 per share you would have been able to buy 23 shares of FR on 2021-09-27 costing $960.94 @ $41.78 per share you would have been able to buy 11 shares of FR on 2021-09-27 costing $459.58 @ $41.78 per share you would have been able to buy 5 shares of FR on 2021-09-27 costing $208.90 @ $41.78 per share you would have been able to buy 2 shares of FR on 2021-09-27 costing $83.56 @ $41.78 per share you would have been able to buy 1 shares of FR on 2021-09-27 costing $41.78
Current worth On 2022-09-27 these 23 shares would be worth $1,035.92 @ $45.04 On 2022-09-27 these 11 shares would be worth $495.44 @ $45.04 On 2022-09-27 these 5 shares would be worth $225.20 @ $45.04 On 2022-09-27 these 2 shares would be worth $90.08 @ $45.04 On 2022-09-27 these 1 shares would be worth $45.04 @ $45.04
Dividends earned $19.21 in dividends would have been earned since 2021-09-27 with 23 shares. $9 in dividends would have been earned since 2021-09-27 with 11 shares. $4.18 in dividends would have been earned since 2021-09-27 with 5 shares. $1.67 in dividends would have been earned since 2021-09-27 with 2 shares. $0.84 in dividends would have been earned since 2021-09-27 with 11 shares.
Net (gain / loss)* 94.19 USD 45.05 USD 20.48 USD 8.19 USD 4.10 USD
ROI** 9.80% 9.80% 9.80% 9.80% 9.80%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by FR. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
FR 2022-03-30 0.295 9.26% 2022-02-09 2022-03-31 2022-04-18
FR 2021-12-30 0.270 --- 2021-11-02 2021-12-31 2022-01-18
FR 2021-09-29 0.270 --- 2021-08-06 2021-09-30 2021-10-18
FR 2021-06-29 0.270 --- 2021-05-05 2021-06-30 2021-07-19
FR 2021-03-30 0.270 8.00% 2021-02-10 2021-03-31 2021-04-19
FR 2020-12-30 0.250 --- 2020-11-03 2020-12-31 2021-01-19
FR 2020-09-29 0.250 --- 2020-08-04 2020-09-30 2020-10-19
FR 2020-06-29 0.250 --- 2020-05-06 2020-06-30 2020-07-20
FR 2020-03-30 0.250 8.70% 2020-02-12 2020-03-31 2020-04-20
FR 2019-12-30 0.230 --- 2019-11-05 2019-12-31 2020-01-21
FR 2019-09-27 0.230 --- 2019-08-06 2019-09-30 2019-10-21
FR 2019-06-27 0.230 --- 2019-05-08 2019-06-28 2019-07-15
FR 2019-03-28 0.230 5.75% 2019-02-13 2019-03-29 2019-04-15
FR 2018-12-28 0.218 --- 2018-11-06 2018-12-31 2019-01-22
FR 2018-09-27 0.218 --- 2018-08-07 2018-09-28 2018-10-15
FR 2018-06-28 0.218 --- 2018-05-10 2018-06-29 2018-07-16
FR 2018-03-28 0.218 3.57% 2018-02-21 2018-03-29 2018-04-16
FR 2017-12-28 0.210 --- 2017-11-07 2017-12-29 2018-01-16
FR 2017-09-28 0.210 --- 2017-08-02 2017-09-29 2017-10-16
FR 2017-06-28 0.210 --- 2017-05-11 2017-06-30 2017-07-17

Earnings Press Releases


Below are the Earnings Press Releases for FR. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2022 Q2 First Industrial Realty Trust Reports Second Quarter 2022 Results
2022 Q1 First Industrial Realty Trust Reports First Quarter 2022 Results
2021 Q4 First Industrial Realty Trust Reports Fourth Quarter and Full Year 2021 Results
2021 Q3 First Industrial Realty Trust Reports Third Quarter 2021 Results

Financial Statements Overview


The next Earnings Report for FR is 2022-10-19

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Current Cash 135,233,000 44,456,000 58,591,000 52,268,000
Receivables 113,363,000 109,300,000 103,831,000 101,231,000
Inventory 0 0 0 0
Current Assets 432,797,000 329,965,000 162,422,000 315,892,000
Current Assets (Other) 184,201,000 176,020,000 0 153,641,000
Short Term Investments 184,201,000 176,020,000 0 153,641,000
Long-term Investments 4,230,321,000 4,048,908,000 4,016,676,000 3,659,552,000
Property, Plant & Equipment Net 4,172,935,000 3,964,827,000 3,778,148,000 3,575,488,000
Goodwill 0 0 0 0
Intangible Assets 24,080,000 22,089,000 0 22,229,000
Other Assets 0 0 177,363,000 0
Net Tangible Assets 2,278,530,000 2,192,027,000 2,194,812,000 2,000,828,000
Total Assets 4,663,118,000 4,378,873,000 4,179,098,000 3,975,444,000
Accounts Payable 0 0 0 0
Liabilities (Other) 12,436,000 9,495,000 9,252,000 9,684,000
Current Liabilities (Other) 350,060,000 309,041,000 288,862,000 261,816,000
Total Current Liabilities 350,060,000 309,041,000 288,862,000 261,816,000
Current Long-term Debt 0 0 0 0
Long-term Debt 1,906,788,000 1,765,672,000 1,610,020,000 1,607,936,000
Total Liabilities 2,360,508,000 2,164,757,000 1,984,286,000 1,952,387,000
Minority Interest 68,949,000 58,259,000 53,560,000 50,525,000
Common Stock 132,051,000 134,073,000 130,933,000 129,633,000
Retained Earnings -104,544,000 -182,527,000 -178,293,000 -257,092,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 2,302,610,000 2,214,116,000 2,194,812,000 2,023,057,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Total Revenue 130,049,000 125,513,000 121,551,000 121,082,000
Cost of Revenue 0 0 0 0
Gross Profit 130,049,000 125,513,000 121,551,000 121,082,000
Research and Development 0 0 0 0
Selling General and Admin 8,249,000 8,741,000 8,979,000 8,598,000
Operating Expense -38,632,000 78,088,000 75,194,000 75,152,000
Operating Income 168,681,000 47,425,000 46,357,000 45,930,000
Income Expense Net (Other) 0 0 0 0
EBIT 168,681,000 47,425,000 46,262,000 45,930,000
Interest Income 10,374,000 9,636,000 9,729,000 9,849,000
Pretax Income 157,874,000 37,033,000 119,708,000 44,178,000
Income Tax 24,198,000 -90,000 2,700,000 759,000
Minority Interest 16,685,000 18,000 2,591,000 973,000
Net Income 116,991,000 37,105,000 114,227,000 42,398,000
Net Income Basic 116,991,000 37,105,000 114,227,000 42,398,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Net Income 116,991,000 37,105,000 114,227,000 42,398,000
Depreciation 29,295,000 28,159,000 27,567,000 27,236,000
Changes in Receivables 113,363,000 109,300,000 103,831,000 101,231,000
Changes in Inventories 0 0 0 0
Cash Change 135,233,000 44,456,000 58,591,000 52,268,000
Cash Flow 198,991,000 59,898,000 70,458,000 77,953,000
Capital Expenditures -134,484,000 -115,666,000 -116,104,000 -73,930,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -204,895,000 -203,020,000 -125,221,000 -129,944,000
Dividends Paid 0 0 0 0
Net Borrowings 1,587,354,000 1,545,196,000 1,551,429,000 1,402,027,000
Cash Flow Financing 96,492,000 128,987,000 52,523,000 30,397,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
10 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
9 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.8
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
8 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.9
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.3
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.7
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.7
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.3
Rating Asset & Revenue Section Avg. Rating
8 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.3
9 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.9
8 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.7
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.0
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.6
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.7
Rating Market Cap Section Avg. Rating
5 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 3.5
9.1 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-09-27 - v3.5