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. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 64.1 million square feet of industrial space as of September 30, 2020.
IPO Year: 1994
Exchange: NYSE
Website: firstindustrial.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/21/2025 | $52.00 → $59.00 | Sell → Neutral | Goldman |
| 1/14/2025 | $52.00 | Hold | Deutsche Bank |
| 12/17/2024 | Underweight → Sector Weight | KeyBanc Capital Markets | |
| 8/13/2024 | $64.00 | Peer Perform → Outperform | Wolfe Research |
| 6/4/2024 | $57.00 | Outperform | Exane BNP Paribas |
| 4/25/2024 | $59.00 → $49.00 | Outperform → Neutral | Wedbush |
| 3/27/2024 | $63.00 → $53.00 | Overweight → Equal Weight | Barclays |
| 12/7/2023 | Equal Weight | Wells Fargo | |
| 12/5/2023 | $55.00 | Neutral → Buy | Mizuho |
| 10/12/2023 | $42.00 | Sector Weight → Underweight | KeyBanc Capital Markets |
CHICAGO, June 2, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE:FR), a leading fully integrated owner, operator and developer of logistics real estate, will present at Nareit's REITWeek 2025 Investor Conference on Tuesday, June 3, 2025 at 2:30 PM EDT (1:30 PM CDT). A webcast of the presentation will be available on First Industrial's website at www.firstindustrial.com under the "Investors" tab. A replay of the webcast will also be available on the website through Thursday, July 3, 2025. First Industrial's presentation materials for the conference will be availa
CHICAGO, May 12, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (the "Company") (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced that its operating partnership, First Industrial, L.P., has priced a public offering of $450 million aggregate principal amount of 5.25% senior unsecured notes due 2031 (the "Notes"). The Notes were priced at 99.265% of the principal amount and will mature on January 15, 2031. The offering is expected to settle on May 14, 2025, subject to the satisfaction of customary closing con
CHICAGO, April 30, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE:FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced that its board of directors declared a common stock dividend of $0.445 per share/unit for the quarter ending June 30, 2025 payable on July 21, 2025 to stockholders of record on June 30, 2025. About First Industrial Realty Trust, Inc. 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
Cash Same Store NOI Growth of 10.1%Cash Rental Rates Up 42% in 1Q2530% Cash Rental Rate Increase on Leases Signed To-Date Commencing in 2025; 36% Increase Excluding 1.3 Million Square-Foot Fixed-Rate RenewalAcquired Two 100% Leased Buildings from Our Camelback 303 JV in Phoenix; 796,000 Square Feet, $120 Million Purchase Price, Net of Our Share of Gain on Sale and Promote, Cash Yield of 6.4%Two Planned Development Starts for 2Q25 Totaling 402,000 Square Feet in Dallas and Philadelphia, $54 Million Estimated Investment, Estimated Combined Cash Yield of 8% Renewed Unsecured Revolving Credit Facility, Upsizing It $100 Million to $850 Million, and Renewed $200 Million Unsecured Term LoanIncrease
CHICAGO, April 1, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR) today announced a coalition of industrial real estate investment trusts – First Industrial, EastGroup Properties, Inc., Prologis, Inc., and STAG Industrial, Inc. (collectively, the "Industrial REIT Group") – has updated its standardized methodology for calculating key non-GAAP property metrics to improve comparability across the sector. Building on the 2018 harmonization initiative, the Industrial REIT Group reaffirmed its approach to determining property stabilization, occupancy, rent change
CHICAGO, March 28, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will host its first quarter 2025 results conference call on Thursday, April 17, 2025 at 10:00 a.m. CDT (11:00 a.m. EDT). The conference call may be accessed by dialing (877) 870-4263, passcode "First Industrial". The conference call will also be webcast live on the Investors page of the Company's website at www.firstindustrial.com. First Industrial's first quarter 2025 results will be released on Wednesday, A
CHICAGO, March 18, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE:FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced it has closed an $850 million senior unsecured revolving credit facility. The facility amends and restates the Company's previous revolving credit facility and adds an additional $100 million of capacity. The new revolving credit facility matures on March 16, 2029, with two six-month extension options at the Company's discretion, subject to certain conditions. The facility provides for interest
CHICAGO, Feb. 28, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE:FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced that it will present at Citi's 2025 Global Property CEO Conference. The presentation is scheduled for Tuesday, March 4, 2025 at 11:40 a.m. EST (10:40 a.m. CST). A live webcast of the presentation will be available at www.firstindustrial.com under the Investors tab. A replay of the webcast will also be available through May 31, 2025. Presentation materials for the conference will also be availabl
CHICAGO, Feb. 13, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE:FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced that the Company's Annual Meeting of Stockholders will be held on April 30, 2025 virtually. First Industrial's Board of Directors set March 7, 2025 as the record date for the Annual Meeting. About First Industrial Realty Trust, Inc. 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 op
2025 NAREIT FFO Guidance Initiated at a Range of $2.87 to $2.97 Per Share/Unit, Approximately 10% Growth at the MidpointIncreased First Quarter 2025 Dividend to $0.445 Per Share, a 20.3% IncreaseSigned 4.7 Million Square Feet of Development Leases in 2024 Inclusive of Joint Venture, Second Highest Annual Total Since 2012; 1.4 Million Square Feet Signed in the Fourth QuarterCash Rental Rates Up 50.8%, Second Consecutive Annual Increase Greater Than 50%33% Cash Rental Rate Increase on Leases Signed To-Date Commencing in 2025; 42% Increase Excluding 1.3 Million Square-Foot Fixed-Rate RenewalCash Same Store NOI Growth of 9.3% in the Fourth Quarter, 8.1% for Full Year 2024Started Two Developments
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SCHEDULE 13G - FIRST INDUSTRIAL REALTY TRUST INC (0000921825) (Subject)
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DEF 14A - FIRST INDUSTRIAL REALTY TRUST INC (0000921825) (Filer)
ARS - FIRST INDUSTRIAL REALTY TRUST INC (0000921825) (Filer)
Goldman upgraded First Industrial Realty from Sell to Neutral and set a new price target of $59.00 from $52.00 previously
Deutsche Bank initiated coverage of First Industrial Realty with a rating of Hold and set a new price target of $52.00
KeyBanc Capital Markets upgraded First Industrial Realty from Underweight to Sector Weight
Wolfe Research upgraded First Industrial Realty from Peer Perform to Outperform and set a new price target of $64.00
Exane BNP Paribas initiated coverage of First Industrial Realty with a rating of Outperform and set a new price target of $57.00
Wedbush downgraded First Industrial Realty from Outperform to Neutral and set a new price target of $49.00 from $59.00 previously
Barclays downgraded First Industrial Realty from Overweight to Equal Weight and set a new price target of $53.00 from $63.00 previously
Wells Fargo initiated coverage of First Industrial Realty with a rating of Equal Weight
Mizuho upgraded First Industrial Realty from Neutral to Buy and set a new price target of $55.00
KeyBanc Capital Markets downgraded First Industrial Realty from Sector Weight to Underweight and set a new price target of $42.00