profit from every $100 of sales.
$0$100
First Industrial Realty
$55.26+0.55% today
-2.4% in 1 year
1-year low $53.761-year high $68.86
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $30.60 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What First Industrial Realty sold, what it kept, and what it did with the cash.
Sales went from $540 million in 2022 to $727 million in 2025, with $247 million of profit last year.
SalesProfit
First Industrial Realty handed back 50% of the cash it generated last year.
$231M
Free cash flow 2025$461M
Bought back its own shares–
Paid as dividends$231M
Cash vs. debt$78M vs. $2.6B
First Industrial Realty vs. similar companies
First Industrial Realty grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| First Industrial Realty | 30.6× · Expensive | ||
 Prologis | 38.0× · Expensive | ||
 Public Storage | 35.2× · Expensive | ||
 Extra Space Storage | 35.7× · Expensive | ||
 SEGRO | 22.6× · Fair price |
AI analysis
An AI analyst reads First Industrial Realty's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 448 | 476 | 540 | 614 | 670 | 727 | |
| – | – | 396 | 448 | 487 | 536 | |
| – | – | 214 | 245 | 272 | 308 | |
| – | – | 491 | 501 | 557 | 525 | |
| 196 | 271 | 359 | 275 | 288 | 247 | |
| 1.53 | 2.09 | 2.72 | 2.07 | 2.17 | 1.87 | |
| – | – | 73.4% | 73.0% | 72.7% | 73.7% | |
| – | – | 39.6% | 39.8% | 40.7% | 42.3% | |
| 43.7% | 56.9% | 66.5% | 44.8% | 42.9% | 34.0% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 3,792 | 4,179 | 4,954 | 5,176 | 5,261 | 5,688 |
| Cash | 162 | 59 | 133 | 44 | 45 | 78 |
| Total debt | – | – | 2,089 | 2,246 | 2,227 | 2,573 |
| Total liabilities | 1,845 | 1,931 | 2,424 | 2,541 | 2,515 | 2,929 |
| 1,903 | 2,195 | 2,459 | 2,563 | 2,666 | 2,671 | |
| 128 | 130 | 132 | 132 | 132 | 133 | |
| – | – | 5.9% | 5.5% | 6.1% | 5.0% | |
| 10.3% | 12.3% | 14.6% | 10.7% | 10.8% | 9.3% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 240 | 267 | 411 | 305 | 353 | 461 | |
| – | – | – | – | – | – | |
| – | – | 411 | 305 | 353 | 461 | |
| Dividends paid | 127 | 140 | 155 | 169 | 193 | 231 |
| – | – | – | – | – | – | |
| 13 | 14 | 16 | 17 | 20 | 20 |
Valuation
- 30.6×
- 26.4×
- 7.47
- 3.0×
- 10.4×
- 16.4×
- 19.2×
- 6.1%
- 3.3%
- 2.9%
Profitability
- 73.7%
- 42.3%
- 34.0%
- 88.1%
- 108.5%
- 6.3%
- 12.8%
- 5.9%
- 4.9%
- –
Growth
- +10.2%
- +4.1%
- −14.8%
- +12.2%
- +0.5%
Financial health
- 4.8×
- 0.00
- 0.0%
- 3.1×
- –
- –
- 0.13
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 1%of 746
Top 48%of 752
Bottom 22%of 666
Top 38%of 762
Top 46%of 763
What analysts expect
- Average price target
- $65.00
- Range
- $62.00 – $68.00
- 6 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 22, 2026 | 0.68 | 0.33 | +103.8% |
| Feb 4, 2026 | 0.77 | 0.42 | +83.3% |
| Oct 15, 2025 | 0.76 | 0.74 | +2.7% |
| Jul 16, 2025 | 0.76 | 0.72 | +5.6% |
| Apr 16, 2025 | 0.68 | 0.70 | −2.9% |
| Feb 5, 2025 | 0.71 | 0.35 | +102.9% |
| Oct 16, 2024 | 0.75 | 0.38 | +97.4% |
| Jul 17, 2024 | 0.66 | 0.64 | +3.1% |
2.9%of the share price, paid each year
On $1,000 invested$29a year at today's yield, before tax
+12.2%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$0.51 in 2015 → $1.78 in 2025
How safe it looks
93.4% of its profit
Room to growStretchedMore than it earns: 50.1%
News
FPT Becomes the World’s First Microsoft Partner to Earn Frontier Advanced SpecializationYahoo Finance · Nov 12, 2026Cloudforce Named 2026 Microsoft Education Partner of the Year, the First Company Ever to Win the Award TwiceYahoo Finance · Nov 11, 2026Why Nvidia Stock Is Rising Despite Wall Street’s First Call for Jensen Huang to Step DownYahoo Finance · Nov 11, 2026Bullish’s New President Backs Issuer-First Model for Tokenized StocksYahoo Finance · Nov 10, 2026Hf Foods signals 3- to 5-year cross-selling runway as Searay adds mid-teens EBITDA margin in first monthSeeking Alpha · Nov 10, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
36No pass
Benjamin Graham
54No pass
Philip Fisher
35No pass
Peter Lynch
26No pass
Joel Greenblatt
80Pass
Charlie Munger
43No pass
Terry Smith
36No pass
Questions about First Industrial Realty
Is First Industrial Realty a good stock to buy?
A business with weak numbers, but the price is high. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the First Industrial Realty AI analysis
What does First Industrial Realty do?
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. It is in REIT - Industrial, based in Chicago, IL, United States, with 151 employees.
Does First Industrial Realty pay a dividend?
Yes. At today's price the dividend is 2.9% a year, about 93% of its yearly profit. In 2025 it paid out $231 million in dividends.
Is First Industrial Realty stock halal?
No. First Industrial Realty does not pass our halal screen: its debt is 34% of its market value, at or above the 33% limit. How we check
How has First Industrial Realty stock done over the past year?
Down 2.4% over the past twelve months, to $55.26. It traded between $53.76 and $68.86 and is 19.8% below its high.
Who are First Industrial Realty's competitors?
The largest listed companies in the same industry are Prologis, Public Storage, Extra Space Storage and SEGRO. The peers table on this page compares their profit, growth and price with First Industrial Realty's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.