First Industrial Realty Trust (NYSE:FR) Reaches New 12-Month Low – Here’s Why

First Industrial Realty Trust, Inc. (NYSE:FR)’s share price hit a new 52-week low on Friday. The stock traded as low as $54.20 and last traded at $54.42, with a volume of 1,346,259 shares changing hands. The stock had previously closed at $55.29.

Key Headlines Impacting First Industrial Realty Trust

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

• Positive Sentiment: Guidance increased: First Industrial raised its 2026 FFO guidance by $0.01 at the midpoint and lifted projected cash same-store NOI growth by 75 basis points at the midpoint to 6.5%. The updated full-year EPS outlook is $3.15–$3.19, broadly in line with the $3.17 consensus estimate. First Industrial Realty Trust Raises Earnings Guidance
• Positive Sentiment: Leasing momentum remained strong: Cash rental rates on new and renewal leases increased 52% in the third quarter, while cash same-store NOI grew 5.6%. The company also leased the remaining 32,000 square feet at its First Park Miami Building 12 property. First Industrial Realty Trust Reports Third Quarter 2026 Results
• Positive Sentiment: Portfolio expansion: First Industrial acquired a fully leased, 764,000-square-foot logistics building in Central Pennsylvania for $120 million, adding an occupied asset to its industrial real estate portfolio.
• Neutral Sentiment: Third-quarter revenue rose 8.6% year over year to $197.1 million, slightly exceeding estimates, and FFO improved to $0.81 per share from $0.76 a year earlier. However, the results call highlighted investor concerns about the pace and visibility of the development and investment pipeline. First Industrial Q3 2026 Earnings Call Transcript
• Negative Sentiment: Quarterly FFO missed expectations: FFO was $0.81 per share versus the $0.82 consensus estimate. Reported EPS of $0.44 was also well below the $0.82 estimate, increasing pressure on the stock, which is trading near its 52-week low. First Industrial Realty Trust Q3 FFO Misses Estimates
• Negative Sentiment: Raymond James lowered its rating to Outperform, a less bullish stance that may have added to the cautious reaction. Raymond James Rating Update

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FR shares. The Goldman Sachs Group set a $62.00 price target on shares of First Industrial Realty Trust and gave the stock a “neutral” rating in a research report on Friday. Barclays increased their price objective on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Weiss Ratings lowered First Industrial Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, September 8th. Wells Fargo & Company increased their price objective on shares of First Industrial Realty Trust from $61.00 to $66.00 and gave the company an “equal weight” rating in a report on Tuesday, September 1st. Finally, Royal Bank Of Canada upped their price target on First Industrial Realty Trust from $68.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.00.

First Industrial Realty Trust Price Performance

The stock’s 50-day moving average is $60.93 and its 200 day moving average is $62.34. The stock has a market capitalization of $7.21 billion, a PE ratio of 19.84 and a beta of 1.03. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.89.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, October 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.38). First Industrial Realty Trust had a net margin of 46.12% and a return on equity of 12.65%. The company had revenue of $197.12 million during the quarter, compared to analyst estimates of $196.41 million. During the same quarter in the prior year, the company posted $0.76 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 19th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is 72.99%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Trust Co. of Vermont acquired a new stake in First Industrial Realty Trust in the 2nd quarter worth $39,000. Elevation Wealth Partners LLC raised its position in shares of First Industrial Realty Trust by 94.1% during the third quarter. Elevation Wealth Partners LLC now owns 751 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 364 shares during the last quarter. Persistent Asset Partners Ltd acquired a new position in First Industrial Realty Trust in the second quarter valued at approximately $70,000. State of Wyoming bought a new position in shares of First Industrial Realty Trust in the 2nd quarter worth $71,000. Finally, Parallel Advisors LLC boosted its holdings in First Industrial Realty Trust by 120.8% during the first quarter. Parallel Advisors LLC now owns 1,382 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 756 shares during the last quarter. Institutional investors own 99.85% of the company’s stock.

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.