First Industrial Realty Trust (NYSE:FR) Releases FY 2026 Earnings Guidance

First Industrial Realty Trust (NYSE:FR) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.120-3.200 for the period, compared to the consensus EPS estimate of 3.140. The company issued revenue guidance of -.

First Industrial Realty Trust Price Performance

NYSE:FR traded down $0.70 during midday trading on Wednesday, hitting $67.76. The company had a trading volume of 1,157,252 shares, compared to its average volume of 1,076,386. The company has a market capitalization of $8.98 billion, a PE ratio of 26.26 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 has a 52-week low of $47.38 and a 52-week high of $69.88. The stock’s fifty day moving average price is $63.12 and its 200-day moving average price is $61.13.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.14. First Industrial Realty Trust had a return on equity of 12.36% and a net margin of 45.98%.The business had revenue of $194.94 million for the quarter, compared to the consensus estimate of $195.81 million. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. As a group, research analysts expect that First Industrial Realty Trust will post 3.14 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

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

Analyst Ratings Changes

FR has been the subject of a number of recent research reports. Raymond James Financial restated a “strong-buy” rating on shares of First Industrial Realty Trust in a research report on Thursday, June 18th. Wells Fargo & Company decreased their price target 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 note on Monday, June 1st. Barclays boosted 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. Wall Street Zen raised shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $65.00 target price on shares of First Industrial Realty Trust in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.29.

Hedge Funds Weigh In On First Industrial Realty Trust

Large investors have recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC bought a new position in shares of First Industrial Realty Trust in the third quarter worth approximately $26,000. Parallel Advisors LLC boosted its position in 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 buying an additional 291 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in First Industrial Realty Trust by 64.0% in 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 during the last quarter. Danske Bank A S purchased a new position in shares of First Industrial Realty Trust in the third quarter valued at about $51,000. Finally, Parkside Financial Bank & Trust increased its position in shares of First Industrial Realty Trust by 27.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,231 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 262 shares during the period. 99.85% of the stock is owned by hedge funds and other institutional investors.

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.