First Industrial Realty Trust (NYSE:FR) Issues Earnings Results

First Industrial Realty Trust (NYSE:FR) posted its earnings results on Wednesday. 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), FiscalAI reports. First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 13.09%. The company had revenue of $194.94 million during the quarter, compared to the consensus estimate of $195.81 million. During the same quarter in the previous year, the business posted $0.76 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. First Industrial Realty Trust updated its FY 2026 guidance to 3.120-3.200 EPS.

First Industrial Realty Trust Trading Down 2.1%

Shares of First Industrial Realty Trust stock opened at $66.31 on Friday. The business has a fifty day simple moving average of $63.34 and a 200-day simple moving average of $61.27. First Industrial Realty Trust has a fifty-two week low of $47.38 and a fifty-two week high of $69.88. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 24.20 and a beta of 1.05. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.90.

First Industrial Realty Trust Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on FR. Wells Fargo & Company cut their price objective on shares of First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $65.00 price target on shares of First Industrial Realty Trust in a report on Monday, April 27th. Truist Financial boosted their price target on First Industrial Realty Trust from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Raymond James Financial reissued a “strong-buy” rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. Finally, Weiss Ratings raised First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.29.

Institutional Investors Weigh In On First Industrial Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Measured Wealth Private Client Group LLC bought a new stake in First Industrial Realty Trust during the third quarter worth approximately $26,000. Parallel Advisors LLC lifted its position in shares of First Industrial Realty Trust by 86.9% during the 4th quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 291 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of First Industrial Realty Trust by 64.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 301 shares in the last quarter. Danske Bank A S acquired a new position in shares of First Industrial Realty Trust in the 3rd quarter worth $51,000. Finally, Parkside Financial Bank & Trust raised its position in shares of First Industrial Realty Trust by 27.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,231 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 262 shares during the period. 99.85% of the stock is owned by institutional investors and hedge funds.

Key First Industrial Realty Trust News

Here are the key news stories impacting First Industrial Realty Trust this week:

• Positive Sentiment: The company beat FFO expectations, posting $0.82 per share versus the $0.80 consensus, which suggests core operating performance was slightly better than expected. First Industrial Realty Trust (FR) Beats Q2 FFO Estimates
• Positive Sentiment: Management raised 2026 FFO guidance by $0.02 at the midpoint, signaling confidence in the outlook after the quarter. First Industrial Realty Trust Reports Second Quarter 2026 Results
• Positive Sentiment: Operational metrics were strong, including 6.7% cash same-store NOI growth, 39% cash rental rate increases, and new lease activity that supports future revenue growth. First Industrial Realty Trust Reports Second Quarter 2026 Results
• Neutral Sentiment: The company signed a large 708,000-square-foot lease and started development on a new 613,000-square-foot project, both of which reinforce its logistics real estate pipeline. First Industrial Realty Trust Reports Second Quarter 2026 Results
• Negative Sentiment: Reported EPS came in at $0.58, well below the $0.80 analyst estimate, and revenue of $194.94 million was slightly under expectations, which likely weighed on the stock. Conference call and earnings report
• Negative Sentiment: Investors may also be reacting to the weaker-than-expected headline earnings despite solid FFO, creating uncertainty around near-term profitability. First Industrial Realty Trust, Inc. (FR) Q2 2026 Earnings Call Transcript

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.