Financial Review: First Industrial Realty Trust (NYSE:FR) & NETSTREIT (NYSE:NTST)

First Industrial Realty Trust (NYSE:FR) and NETSTREIT (NYSE:NTST) are both finance companies, but which is the superior business? We will compare the two businesses based on the strength of their profitability, institutional ownership, earnings, analyst recommendations, risk, dividends and valuation.

Earnings & Valuation

This table compares First Industrial Realty Trust and NETSTREIT”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
First Industrial Realty Trust	$727.08 million	10.90	$287.55 million	$1.79	33.43
NETSTREIT	$172.96 million	9.34	-$11.94 million	N/A	N/A

First Industrial Realty Trust has higher revenue and earnings than NETSTREIT.

Institutional & Insider Ownership

99.9% of First Industrial Realty Trust shares are owned by institutional investors. 1.1% of First Industrial Realty Trust shares are owned by company insiders. Comparatively, 0.6% of NETSTREIT shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Profitability

This table compares First Industrial Realty Trust and NETSTREIT’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
First Industrial Realty Trust	34.03%	9.03%	4.52%
NETSTREIT	0.10%	0.01%	0.01%

Dividends

First Industrial Realty Trust pays an annual dividend of $1.78 per share and has a dividend yield of 3.0%. NETSTREIT pays an annual dividend of $0.86 per share and has a dividend yield of 4.4%. First Industrial Realty Trust pays out 99.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. First Industrial Realty Trust has raised its dividend for 12 consecutive years and NETSTREIT has raised its dividend for 1 consecutive years.

Risk & Volatility

First Industrial Realty Trust has a beta of 1.14, meaning that its stock price is 14% more volatile than the S&P 500. Comparatively, NETSTREIT has a beta of 0.88, meaning that its stock price is 12% less volatile than the S&P 500.

Analyst Ratings

This is a summary of current ratings and target prices for First Industrial Realty Trust and NETSTREIT, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
First Industrial Realty Trust	0	5	7	0	2.58
NETSTREIT	0	2	10	1	2.92

First Industrial Realty Trust presently has a consensus target price of $62.92, suggesting a potential upside of 5.15%. NETSTREIT has a consensus target price of $20.45, suggesting a potential upside of 5.76%. Given NETSTREIT’s stronger consensus rating and higher possible upside, analysts plainly believe NETSTREIT is more favorable than First Industrial Realty Trust.

Summary

First Industrial Realty Trust beats NETSTREIT on 11 of the 17 factors compared between the two stocks.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. Our portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. In total, we own and have under development approximately 68.5 million square feet of industrial space as of December 31, 2023.

About NETSTREIT

NETSTREIT Corp. is an internally managed real estate investment trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. The growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets. Led by a management team of seasoned commercial real estate executives, NETSTREIT’s strategy is to create the highest quality net lease retail portfolio in the country with the goal of generating consistent cash flows and dividends for its investors.