First Industrial Realty Trust (NYSE:FR) & FIBRA Macquarie México (OTCMKTS:DBMBF) Critical Review

FIBRA Macquarie México (OTCMKTS:DBMBF) and First Industrial Realty Trust (NYSE:FR) are both real estate companies, but which is the superior business? We will contrast the two businesses based on the strength of their valuation, profitability, institutional ownership, earnings, dividends, risk and analyst recommendations.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
FIBRA Macquarie México	N/A	N/A	N/A
First Industrial Realty Trust	47.97%	12.99%	6.41%

Valuation & Earnings

This table compares FIBRA Macquarie México and First Industrial Realty Trust”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
FIBRA Macquarie México	N/A	N/A	N/A	$0.65	3.72
First Industrial Realty Trust	$727.08 million	11.46	$247.44 million	$2.74	22.93

First Industrial Realty Trust has higher revenue and earnings than FIBRA Macquarie México. FIBRA Macquarie México is trading at a lower price-to-earnings ratio than First Industrial Realty Trust, indicating that it is currently the more affordable of the two stocks.

Institutional & Insider Ownership

25.2% of FIBRA Macquarie México shares are held by institutional investors. Comparatively, 99.8% of First Industrial Realty Trust shares are held by institutional investors. 1.1% of First Industrial Realty Trust shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for FIBRA Macquarie México and First Industrial Realty Trust, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
FIBRA Macquarie México	0	1	1	0	2.50
First Industrial Realty Trust	0	7	7	1	2.60

First Industrial Realty Trust has a consensus price target of $67.07, indicating a potential upside of 6.75%. Given First Industrial Realty Trust’s stronger consensus rating and higher probable upside, analysts plainly believe First Industrial Realty Trust is more favorable than FIBRA Macquarie México.

Summary

First Industrial Realty Trust beats FIBRA Macquarie México on 12 of the 12 factors compared between the two stocks.

About FIBRA Macquarie México

FIBRA Macquarie México (FIBRA Macquarie) (BMV:FIBRAMQ) is a real estate investment trust (fideicomiso de inversión en bienes raíces), or FIBRA, listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) targeting industrial, retail and office real estate opportunities in Mexico, with a primary focus on stabilized income-producing properties. FIBRA Macquarie's portfolio consists of 239 industrial properties and 17 retail properties, located in 20 cities across 16 Mexican states as of December 31, 2023. Nine of the retail properties are held through a 50/50 joint venture.

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.