First Industrial Realty Trust (FR) Stock Forecast, Price Target & Predictions


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FR Stock Forecast


First Industrial Realty Trust stock forecast is as follows: an average price target of $60.22 (represents a 6.89% upside from FR’s last price of $56.34) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

FR Price Target


The average price target for First Industrial Realty Trust (FR) is $60.22 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $71.00 to $54.00. This represents a potential 6.89% upside from FR's last price of $56.34.

FR Analyst Ratings


Buy

According to 11 Wall Street analysts, First Industrial Realty Trust's rating consensus is 'Buy'. The analyst rating breakdown for FR stock is 0 'Strong Buy' (0.00%), 6 'Buy' (54.55%), 4 'Hold' (36.36%), 1 'Sell' (9.09%), and 0 'Strong Sell' (0.00%).

First Industrial Realty Trust Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 26, 2024Nicholas YulicoScotiabank$58.00$56.412.82%2.95%
Aug 13, 2024Andrew RosivachWolfe Research$64.00$53.9618.61%13.60%
Jul 30, 2024Michael CarrolRBC Capital$60.00$54.2710.56%6.50%
May 06, 2024Michael CarrolRBC Capital$57.00$47.2520.63%1.17%
Dec 16, 2022-J.P. Morgan$56.00$49.1214.01%-0.60%
Jun 30, 2022-Jefferies$55.00$47.4815.84%-2.38%
Jun 16, 2022-Goldman Sachs$61.00$47.7027.88%8.27%
May 16, 2022-Truist Financial$63.00$53.1718.48%11.82%
May 02, 2022-Barclays$71.00$57.3123.88%26.02%
Jul 15, 2021Jonathan PetersenJefferies$61.00$53.5413.93%8.27%
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The latest First Industrial Realty Trust stock forecast, released on Aug 26, 2024 by Nicholas Yulico from Scotiabank, set a price target of $58.00, which represents a 2.82% increase from the stock price at the time of the forecast ($56.41), and a 2.95% increase from FR last price ($56.34).

First Industrial Realty Trust Price Target by Period


1M3M12M
# Anlaysts134
Avg Price Target$58.00$60.67$59.75
Last Closing Price$56.34$56.34$56.34
Upside/Downside2.95%7.69%6.05%

In the current month, the average price target of First Industrial Realty Trust stock is $58.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 2.95% increase as opposed to First Industrial Realty Trust's last price of $56.34. This month's average price target is down -4.40% compared to last quarter, and down -2.93% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 28, 2024Wells FargoEqual-WeightEqual-WeightHold
Aug 12, 2024Wolfe Research-OutperformUpgrade
Aug 07, 2024ScotiabankSector PerformSector PerformHold
Jul 30, 2024RBC CapitalOutperformOutperformHold
Jun 04, 2024Exane BNP Paribas-OutperformInitialise
May 16, 2024WedbushSector PerformSector PerformHold
May 16, 2024ScotiabankUnderperformUnderperformHold
May 06, 2024RBC CapitalOutperformOutperformHold
Apr 25, 2024Wedbush-NeutralDowngrade
Apr 17, 2024RBC CapitalBuyBuyHold
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First Industrial Realty Trust's last stock rating was published by Wells Fargo on Aug 28, 2024. The company gave FR a "Equal-Weight" rating, the same as its previous rate.

First Industrial Realty Trust Financial Forecast


First Industrial Realty Trust Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$157.28M$155.10M$152.22M$149.42M$144.61M$139.75M$130.05M$125.51M$121.55M$121.08M$117.40M$116.26M$112.29M$116.19M$109.20M$110.34M$110.76M$106.59M
Avg Forecast$196.20M$194.71M$190.52M$190.32M$183.34M$180.15M$175.54M$175.21M$166.68M$164.01M$163.48M$161.18M$156.93M$153.11M$149.48M$143.68M$135.98M$129.68M$127.47M$123.72M$121.64M$118.40M$115.53M$113.04M$109.69M$108.44M$108.56M$110.57M$108.29M$106.20M
High Forecast$203.27M$201.73M$197.39M$197.18M$189.95M$186.64M$181.87M$181.52M$172.69M$166.53M$169.38M$166.99M$157.70M$158.63M$154.87M$148.86M$140.88M$134.35M$130.74M$126.89M$124.76M$121.44M$118.50M$115.94M$112.50M$111.22M$111.35M$113.41M$111.07M$108.93M
Low Forecast$192.16M$190.70M$186.60M$186.40M$179.56M$176.44M$171.93M$171.60M$163.25M$161.79M$160.12M$157.86M$156.10M$149.96M$146.40M$140.72M$133.18M$127.01M$125.28M$121.58M$119.55M$116.36M$113.54M$111.09M$107.80M$106.57M$106.69M$108.67M$106.43M$104.37M
# Analysts444433334543633344443333999988
Surprise %------------1.00%1.01%1.02%1.04%1.06%1.08%1.02%1.01%1.00%1.02%1.02%1.03%1.02%1.07%1.01%1.00%1.02%1.00%

First Industrial Realty Trust's average Quarter revenue forecast for Mar 24 based on 3 analysts is $161.18M, with a low forecast of $157.86M, and a high forecast of $166.99M. FR's average Quarter revenue forecast represents a 2.48% increase compared to the company's last Quarter revenue of $157.28M (Dec 23).

First Industrial Realty Trust EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433334543633344443333999988
EBITDA------------$29.15M$15.10M$100.69M$96.20M$96.75M$94.63M$86.21M$80.60M$161.73M$88.24M$100.11M$108.95M$133.87M$85.02M$82.38M$86.19M$142.42M$122.52M
Avg Forecast$128.43M$127.46M$124.71M$124.59M$120.01M$117.93M$114.91M$114.69M$109.11M$107.36M$107.02M$95.74M$102.73M$100.23M$97.85M$87.04M$89.01M$79.73M$83.44M$79.13M$79.63M$77.51M$75.63M$67.91M$71.80M$70.98M$71.07M$62.10M$70.89M$69.52M
High Forecast$133.06M$132.05M$129.21M$129.08M$124.34M$122.18M$119.05M$118.82M$113.04M$109.01M$110.87M$114.89M$103.23M$103.84M$101.38M$104.45M$92.22M$95.67M$85.59M$94.95M$81.67M$79.50M$77.57M$81.49M$73.64M$72.81M$72.89M$74.52M$72.71M$71.31M
Low Forecast$125.79M$124.83M$122.15M$122.02M$117.54M$115.50M$112.54M$112.33M$106.86M$105.91M$104.81M$76.60M$102.19M$98.16M$95.83M$69.63M$87.18M$63.78M$82.01M$63.30M$78.25M$76.17M$74.32M$54.33M$70.56M$69.76M$69.84M$49.68M$69.67M$68.32M
Surprise %------------0.28%0.15%1.03%1.11%1.09%1.19%1.03%1.02%2.03%1.14%1.32%1.60%1.86%1.20%1.16%1.39%2.01%1.76%

3 analysts predict FR's average Quarter EBITDA for Mar 24 to be $95.74M, with a high of $114.89M and a low of $76.60M. This is 228.50% upper than First Industrial Realty Trust's previous annual EBITDA (Dec 23) of $29.15M.

First Industrial Realty Trust Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433334543633344443333999988
Net Income------------$91.55M$76.28M$54.64M$33.14M$82.00M$123.89M$15.46M$36.26M$117.02M$42.45M$51.94M$62.20M$83.73M$35.96M$35.67M$40.63M$96.86M$78.31M
Avg Forecast$60.90M$58.26M$56.93M$52.96M$54.95M$52.96M$51.64M$48.33M$48.16M$50.54M$46.82M$42.18M$40.60M$40.05M$37.65M$38.35M$34.48M$38.35M$40.47M$34.86M$34.17M$32.74M$29.24M$38.77M$23.96M$30.67M$31.25M$29.28M$26.53M$30.64M
High Forecast$63.76M$60.99M$59.60M$55.44M$57.52M$55.44M$54.06M$50.59M$50.42M$52.91M$49.01M$50.62M$41.25M$41.92M$39.42M$46.02M$36.09M$46.02M$41.82M$41.84M$35.31M$33.83M$30.22M$46.52M$24.76M$31.69M$32.29M$35.13M$27.41M$31.66M
Low Forecast$59.27M$56.70M$55.41M$51.54M$53.47M$51.54M$50.25M$47.03M$46.87M$49.78M$45.57M$33.75M$39.94M$38.97M$36.65M$30.68M$33.55M$30.68M$39.56M$27.89M$33.41M$32.00M$28.59M$31.01M$23.42M$29.98M$30.55M$23.42M$25.93M$29.95M
Surprise %------------2.26%1.90%1.45%0.86%2.38%3.23%0.38%1.04%3.42%1.30%1.78%1.60%3.49%1.17%1.14%1.39%3.65%2.56%

First Industrial Realty Trust's average Quarter net income forecast for Mar 24 is $42.18M, with a range of $33.75M to $50.62M. FR's average Quarter net income forecast represents a -53.92% decrease compared to the company's last Quarter net income of $91.55M (Dec 23).

First Industrial Realty Trust SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433334543633344443333999988
SG&A------------$9.79M$8.46M$9.52M$9.35M$8.76M$8.23M$8.25M$8.74M$8.98M$8.60M$8.47M$8.56M$7.88M$7.49M$8.23M$9.25M$8.04M$6.95M
Avg Forecast$13.20M$13.10M$12.82M$12.81M$12.34M$12.12M$11.81M$11.79M$11.22M$11.04M$11.00M$10.17M$10.56M$10.30M$10.06M$9.25M$9.15M$7.77M$8.58M$8.40M$8.18M$7.97M$7.77M$5.34M$7.38M$7.30M$7.30M$6.67M$7.29M$7.15M
High Forecast$13.68M$13.57M$13.28M$13.27M$12.78M$12.56M$12.24M$12.21M$11.62M$11.21M$11.40M$12.20M$10.61M$10.67M$10.42M$11.09M$9.48M$9.32M$8.80M$10.09M$8.39M$8.17M$7.97M$6.41M$7.57M$7.48M$7.49M$8.00M$7.47M$7.33M
Low Forecast$12.93M$12.83M$12.56M$12.54M$12.08M$11.87M$11.57M$11.55M$10.98M$10.89M$10.77M$8.14M$10.50M$10.09M$9.85M$7.40M$8.96M$6.22M$8.43M$6.72M$8.04M$7.83M$7.64M$4.27M$7.25M$7.17M$7.18M$5.33M$7.16M$7.02M
Surprise %------------0.93%0.82%0.95%1.01%0.96%1.06%0.96%1.04%1.10%1.08%1.09%1.60%1.07%1.03%1.13%1.39%1.10%0.97%

First Industrial Realty Trust's average Quarter SG&A projection for Mar 24 is $10.17M, based on 3 Wall Street analysts, with a range of $8.14M to $12.20M. The forecast indicates a 3.87% rise compared to FR last annual SG&A of $9.79M (Dec 23).

First Industrial Realty Trust EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433334543633344443333999988
EPS------------$0.69-$0.41$0.25$0.62$0.94$0.12$0.27$0.89$0.33$0.40$0.48$0.65$0.28$0.28$0.32$0.76$0.62
Avg Forecast$0.46$0.44$0.43$0.40$0.41$0.40$0.39$0.36$0.36$0.38$0.35$0.31$0.31$0.30$0.28$0.34$0.26$0.27$0.31$0.26$0.26$0.25$0.22$0.23$0.18$0.23$0.24$0.20$0.20$0.23
High Forecast$0.48$0.46$0.45$0.42$0.43$0.42$0.41$0.38$0.38$0.40$0.37$0.32$0.31$0.32$0.30$0.35$0.27$0.28$0.32$0.26$0.27$0.26$0.23$0.24$0.19$0.24$0.24$0.20$0.21$0.24
Low Forecast$0.45$0.43$0.42$0.39$0.40$0.39$0.38$0.36$0.35$0.38$0.34$0.30$0.30$0.29$0.28$0.33$0.25$0.26$0.30$0.25$0.25$0.24$0.22$0.23$0.18$0.23$0.23$0.19$0.20$0.23
Surprise %------------2.25%-1.44%0.74%2.38%3.50%0.39%1.05%3.45%1.32%1.81%2.05%3.59%1.21%1.19%1.61%3.79%2.68%

According to 3 Wall Street analysts, First Industrial Realty Trust's projected average Quarter EPS for Mar 24 is $0.31, with a low estimate of $0.30 and a high estimate of $0.32. This represents a -55.79% decrease compared to FR previous annual EPS of $0.69 (Dec 23).

First Industrial Realty Trust Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
LXPLXP Industrial Trust$10.16$14.0037.80%Buy
COLDAmericold Realty Trust$29.02$32.2511.13%Buy
PLYMPlymouth Industrial REIT$23.10$25.409.96%Buy
FRFirst Industrial Realty Trust$56.34$60.226.89%Buy
REXRRexford Industrial Realty$50.59$54.006.74%Buy
EGPEastGroup Properties$187.50$189.601.12%Buy
TRNOTerreno Realty$69.53$66.40-4.50%Buy

FR Forecast FAQ


Yes, according to 11 Wall Street analysts, First Industrial Realty Trust (FR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 54.55% of FR's total ratings.

First Industrial Realty Trust (FR) average price target is $60.22 with a range of $54 to $71, implying a 6.89% from its last price of $56.34. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for FR stock, the company can go up by 6.89% (from the last price of $56.34 to the average price target of $60.22), up by 26.02% based on the highest stock price target, and down by -4.15% based on the lowest stock price target.

FR's average twelve months analyst stock price target of $60.22 does not support the claim that First Industrial Realty Trust can reach $80 in the near future.

1 Wall Street analyst forecast a $58 price target for First Industrial Realty Trust (FR) this month, up 2.95% from its last price of $56.34. Compared to the last 3 and 12 months, the average price target increased by 7.69% and increased by 6.05%, respectively.

First Industrial Realty Trust's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $714.24M (high $739.98M, low $699.53M), average EBITDA is $467.54M (high $484.39M, low $457.91M), average net income is $207.87M (high $217.61M, low $202.3M), average SG&A $48.06M (high $49.79M, low $47.07M), and average EPS is $1.57 (high $1.64, low $1.53). FR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $771.75M (high $799.57M, low $755.86M), average EBITDA is $505.19M (high $523.4M, low $494.78M), average net income is $229.05M (high $239.79M, low $222.92M), average SG&A $51.93M (high $53.8M, low $50.86M), and average EPS is $1.73 (high $1.81, low $1.68).

Based on First Industrial Realty Trust's last annual report (Dec 2022), the company's revenue was $539.93M, beating the average analysts forecast of $516.85M by 4.47%. Apple's EBITDA was $358.2M, beating the average prediction of $331.31M by 8.11%. The company's net income was $266.67M, beating the average estimation of $148.16M by 79.98%. Apple's SG&A was $33.97M, beating the average forecast of $33.9M by 0.21%. Lastly, the company's EPS was $2.02, beating the average prediction of $1.09 by 85.16%. In terms of the last quarterly report (Dec 2023), First Industrial Realty Trust's revenue was $157.28M, beating the average analysts' forecast of $156.93M by 0.22%. The company's EBITDA was $29.15M, missing the average prediction of $102.73M by -71.63%. First Industrial Realty Trust's net income was $91.55M, beating the average estimation of $40.6M by 125.50%. The company's SG&A was $9.79M, missing the average forecast of $10.56M by -7.27%. Lastly, the company's EPS was $0.69, beating the average prediction of $0.307 by 125.03%