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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Overall Score: 8.7

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 14, 2022


Open Price: $62
Closing Price: $62.41
Price Change: 0.31 (0.499%)
Lowest Price: $60.9
Highest Price: $62.44

52-Week Low: $39.28
52-Week High: $66.74
52-Week Change: 53.98%

5 Day Price Change: -0.42%
1 Month Price Change: -2.33%
3 Month Price Change: 11.84%
6 Month Price Change: 16.69%
YTD Price Change: -6.19%
1 Year Price Change: 53.39%
2 Year Price Change: 54.14%
5 Year Price Change: 156.57%

Dividend of Trading Day January 14, 2022


Dividend Yield: 1.73%*
Annualized Dividend: $1.08*
Dividend Yield (TTM): 1.727%
Annualized Dividend (TTM): $1.0726
Ex-Dividend Date: 2021-12-30
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)


Funds From Operations (FFO)

Key Stats of Trading Day January 14, 2022


Total Cash: $52,268,000
Current Debt: $261,816,000
Revenue: $467,028,000
Gross Profit: $467,028,000
Total Revenue: $467,028,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $307,707,000
Revenue Per Share: $4
Revenue Per Employee: N/A
Employee: 2,018
Debt to Equity Ratio (D/E): 1.97
Profit Margin: 0.51%
Enterprise Value (EV): $9,574,730,672
Enterprise Value to Revenue (EV/R): 20.50
Price to Sales (P/S): 17.17
Price to Book (P/B): 3.96
Price/Earnings-to-Growth (PEG) Ratio: 2.49
P/E Ratio: 33.55
P/E High: 52.71
P/E Low: 37.94
Forward P/E Ratio: 54.00
Market Capitalization: $8,059,093,420
Beta: 0.64
Latest Volume: 1,790,029
Avg. Total Volume: 1,114,085
Avg. 10-Day Volume: 1,326,823
Avg. 30-Day Volume: 1,114,085
TTM EPS: 1.86
Shares Outstanding: 129,131,444
Float: N/A
50-Day Moving Avg.: $63.03
200-Day Moving Avg.: $57.24

Latest REIT Community Comments on #FR


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Properties Owned by FR


Properties Based on REIT's Official Presentation

Properties Types States Countries
454 1 20 1

Please visit REIT’s official webpage for the most up-to-date property list.

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 2021-01-16 costing $960.94 @ $41.78 per share you would have been able to buy 11 shares of FR on 2021-01-16 costing $459.58 @ $41.78 per share you would have been able to buy 5 shares of FR on 2021-01-16 costing $208.90 @ $41.78 per share you would have been able to buy 2 shares of FR on 2021-01-16 costing $83.56 @ $41.78 per share you would have been able to buy 1 shares of FR on 2021-01-16 costing $41.78
Current worth On 2022-01-14 these 23 shares would be worth $1,435.43 @ $62.41 On 2022-01-14 these 11 shares would be worth $686.51 @ $62.41 On 2022-01-14 these 5 shares would be worth $312.05 @ $62.41 On 2022-01-14 these 2 shares would be worth $124.82 @ $62.41 On 2022-01-14 these 1 shares would be worth $62.41 @ $62.41
Dividends earned $30.59 in dividends would have been earned since 2021-01-16 with 23 shares. $15 in dividends would have been earned since 2021-01-16 with 11 shares. $6.65 in dividends would have been earned since 2021-01-16 with 5 shares. $2.66 in dividends would have been earned since 2021-01-16 with 2 shares. $1.33 in dividends would have been earned since 2021-01-16 with 11 shares.
Net (gain / loss)* 505.08 USD 241.56 USD 109.80 USD 43.92 USD 21.96 USD
ROI** 52.56% 52.56% 52.56% 52.56% 52.56%

*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 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
FR 2017-03-29 0.210 10.53% 2017-02-22 2017-03-31 2017-04-17

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
2021 Q3 First Industrial Realty Trust Reports Third Quarter 2021 Results
2021 Q2 First Industrial Realty Trust Reports Second Quarter 2021 Results
2021 Q1 First Industrial Realty Trust Reports First Quarter 2021 Results

Financial Statements Overview


The next Earnings Report for FR is 2022-02-09

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 52,268,000 55,574,000 97,723,000 162,090,000
Receivables 101,231,000 97,960,000 98,899,000 90,281,000
Inventory 0 0 0 0
Current Assets 315,892,000 153,534,000 336,236,000 252,371,000
Current Assets (Other) 153,641,000 0 139,614,000 0
Short Term Investments 153,641,000 0 139,614,000 0
Long-term Investments 3,659,552,000 3,710,294,000 3,480,617,000 3,539,567,000
Property, Plant & Equipment Net 3,575,488,000 3,447,388,000 3,299,234,000 3,255,240,000
Goodwill 0 0 0 0
Intangible Assets 22,229,000 23,467,000 23,884,000 25,211,000
Other Assets 0 147,912,000 0 134,983,000
Net Tangible Assets 2,000,828,000 1,928,042,000 1,907,028,000 1,877,523,000
Total Assets 3,975,444,000 3,863,828,000 3,816,853,000 3,791,938,000
Accounts Payable 0 0 0 0
Liabilities (Other) 9,684,000 10,123,000 10,577,000 11,064,000
Current Liabilities (Other) 261,816,000 233,576,000 208,841,000 216,087,000
Total Current Liabilities 261,816,000 233,576,000 208,841,000 216,087,000
Current Long-term Debt 0 0 0 0
Long-term Debt 1,607,936,000 1,595,572,000 1,593,942,000 1,594,641,000
Total Liabilities 1,952,387,000 1,912,319,000 1,885,941,000 1,889,204,000
Minority Interest 50,525,000 50,539,000 49,973,000 44,586,000
Common Stock 129,633,000 129,098,000 129,088,000 128,933,000
Retained Earnings -257,092,000 -264,317,000 -281,323,000 -306,294,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 2,023,057,000 1,951,509,000 1,930,912,000 1,902,734,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 121,082,000 117,398,000 116,259,000 112,289,000
Cost of Revenue 0 0 0 0
Gross Profit 121,082,000 117,398,000 116,259,000 112,289,000
Research and Development 0 0 0 0
Selling General and Admin 8,598,000 8,469,000 8,564,000 7,878,000
Operating Expense 75,152,000 72,663,000 73,854,000 71,456,000
Operating Income 45,930,000 44,735,000 42,405,000 40,833,000
Income Expense Net (Other) 0 0 0 0
EBIT 45,930,000 44,669,000 42,405,000 45,033,000
Interest Income 9,849,000 11,852,000 12,673,000 13,429,000
Pretax Income 44,178,000 54,736,000 63,428,000 87,810,000
Income Tax 759,000 1,575,000 -155,000 2,303,000
Minority Interest 973,000 1,225,000 1,385,000 1,780,000
Net Income 42,398,000 51,936,000 62,137,000 83,531,000
Net Income Basic 42,398,000 51,936,000 62,137,000 83,531,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 42,398,000 51,936,000 62,137,000 83,531,000
Depreciation 27,236,000 26,819,000 26,254,000 102,533,000
Changes in Receivables 101,231,000 97,960,000 98,899,000 2,635,000
Changes in Inventories 0 0 0 0
Cash Change 52,268,000 55,574,000 97,723,000 -9,031,000
Cash Flow 77,953,000 77,079,000 41,405,000 240,430,000
Capital Expenditures -73,930,000 -61,914,000 -62,136,000 -198,496,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -129,944,000 -139,596,000 -22,062,000 -251,738,000
Dividends Paid 0 0 0 0
Net Borrowings 1,402,027,000 1,539,998,000 1,356,605,000 1,432,551,000
Cash Flow Financing 30,397,000 -113,173,000 39,303,000 58,248,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

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.

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
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
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. 7.7
7 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
9 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
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. 5.1
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
7 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
9 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
7 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
Rating Market Cap Section Avg. Rating
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
8.7 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: 2022-01-16 - v2.8