First Industrial Realty Trust (NYSE:FR) Releases Quarterly Earnings Results, Misses Expectations By $0.38 EPS

First Industrial Realty Trust (NYSE:FR) posted its earnings results on Wednesday. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.38), Zacks reports. First Industrial Realty Trust had a return on equity of 12.65% and a net margin of 46.12%. The firm had revenue of $197.12 million for the quarter, compared to analyst estimates of $196.41 million. During the same period in the previous year, the company posted $0.76 EPS. First Industrial Realty Trust’s revenue was up 8.6% on a year-over-year basis.

First Industrial Realty Trust Stock Performance

Shares of FR opened at $55.33 on Friday. First Industrial Realty Trust has a 1 year low of $54.23 and a 1 year high of $69.88. The stock has a market capitalization of $7.34 billion, a PE ratio of 19.29 and a beta of 1.03. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a 50-day simple moving average of $60.93 and a 200-day simple moving average of $62.34.

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 19th. Stockholders of record on Wednesday, September 30th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Wednesday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 72.99%.

Analysts Set New Price Targets

Several analysts have recently issued reports on FR shares. Citigroup increased their price target on shares of First Industrial Realty Trust from $63.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Robert W. Baird raised their price objective on shares of First Industrial Realty Trust from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Truist Financial lifted their price objective on shares of First Industrial Realty Trust from $67.00 to $73.00 and gave the company a “buy” rating in a report on Monday, July 27th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $71.00 target price on shares of First Industrial Realty Trust in a research note on Monday, July 27th. Finally, Royal Bank Of Canada increased their target price on shares of First Industrial Realty Trust from $68.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.67.

More First Industrial Realty Trust News

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

• Positive Sentiment: Management raised its 2026 FFO guidance by $0.01 at the midpoint and increased projected 2026 cash same-store NOI growth by 75 basis points to 6.5%, signaling confidence in the portfolio’s operating outlook. First Industrial Realty Trust Raises Earnings Guidance for 2026
• Positive Sentiment: Cash rental rates on new and renewal leases increased 52% in the third quarter, while cash same-store NOI rose 5.6%, highlighting continued pricing power in the industrial logistics real estate market. First Industrial Realty Trust Reports Third Quarter 2026 Results
• Positive Sentiment: The REIT acquired a fully leased 764,000-square-foot building in Central Pennsylvania for $120 million and leased the remaining 32,000 square feet at a South Florida property, supporting occupancy and future cash flow. First Industrial Realty Trust Reports Third Quarter 2026 Results
• Neutral Sentiment: Revenue increased 8.6% year over year to $197.12 million, exceeding analyst expectations of $196.41 million. Net income per share was $0.44 versus $0.49 a year earlier. First Industrial Realty Trust Reports Third-Quarter Results
• Negative Sentiment: Third-quarter FFO was $0.81 per share, up from $0.76 a year ago but narrowly below the $0.82 consensus estimate. The miss may have driven the initial selling despite the improved guidance and leasing performance. First Industrial Realty Trust Q3 FFO Misses Estimates

About First Industrial Realty Trust

First Industrial Realty Trust, Inc (NYSE: FR) is a real estate investment trust focused on the ownership, management, acquisition, development and redevelopment of industrial properties in the United States. Its portfolio primarily serves businesses that require space for distribution, warehousing, manufacturing, light industrial operations and other logistics-related activities.

The company leases its properties to a diverse group of tenants, including retailers, manufacturers, logistics providers and third-party distribution companies.