First Industrial Realty Trust (FR) Stock Forecast, Price Target & Predictions
FR Stock Forecast
First Industrial Realty Trust stock forecast is as follows: an average price target of $58.45 (represents a 10.93% upside from FR’s last price of $52.69) and a rating consensus of 'Hold', based on 12 wall street analysts offering a 1-year stock forecast.
FR Price Target
The average price target for First Industrial Realty Trust (FR) is $58.45 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $64.00 to $54.00. This represents a potential 10.93% upside from FR's last price of $52.69.
FR Analyst Ratings
According to 12 Wall Street analysts, First Industrial Realty Trust's rating consensus is 'Hold'. The analyst rating breakdown for FR stock is 0 'Strong Buy' (0.00%), 5 'Buy' (41.67%), 6 'Hold' (50.00%), 1 'Sell' (8.33%), and 0 'Strong Sell' (0.00%).
First Industrial Realty Trust Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 22, 2024 | David Rodgers | Robert W. Baird | $61.00 | $54.55 | 11.82% | 15.77% |
| Oct 17, 2024 | Craig Mailman | Citigroup | $55.00 | $55.90 | -1.61% | 4.38% |
| Oct 10, 2024 | Brendan Lynch | Barclays | $56.00 | $54.18 | 3.36% | 6.28% |
| Aug 26, 2024 | Nicholas Yulico | Scotiabank | $58.00 | $56.41 | 2.82% | 10.08% |
| Aug 13, 2024 | Andrew Rosivach | Wolfe Research | $64.00 | $53.96 | 18.61% | 21.47% |
| Jul 30, 2024 | Michael Carrol | RBC Capital | $60.00 | $54.27 | 10.56% | 13.87% |
| May 06, 2024 | Michael Carrol | RBC Capital | $57.00 | $47.25 | 20.63% | 8.18% |
| Dec 16, 2022 | - | J.P. Morgan | $56.00 | $49.12 | 14.01% | 6.28% |
| Jun 30, 2022 | - | Jefferies | $55.00 | $47.48 | 15.84% | 4.38% |
| Jun 16, 2022 | - | Goldman Sachs | $61.00 | $47.70 | 27.88% | 15.77% |
The latest First Industrial Realty Trust stock forecast, released on Oct 22, 2024 by David Rodgers from Robert W. Baird, set a price target of $61.00, which represents a 11.82% increase from the stock price at the time of the forecast ($54.55), and a 15.77% increase from FR last price ($52.69).
First Industrial Realty Trust Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 4 | 7 |
| Avg Price Target | $61.00 | $57.50 | $58.71 |
| Last Closing Price | $52.69 | $52.69 | $52.69 |
| Upside/Downside | 15.77% | 9.13% | 11.43% |
In the current month, the average price target of First Industrial Realty Trust stock is $61.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 15.77% increase as opposed to First Industrial Realty Trust's last price of $52.69. This month's average price target is up 6.09% compared to last quarter, and up 3.90% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 17, 2024 | Citigroup | Neutral | Neutral | Hold |
| Oct 10, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Aug 28, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Aug 12, 2024 | Wolfe Research | - | Outperform | Upgrade |
| Aug 07, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Jul 30, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Jun 04, 2024 | Exane BNP Paribas | - | Outperform | Initialise |
| May 16, 2024 | Wedbush | Sector Perform | Sector Perform | Hold |
| May 16, 2024 | Scotiabank | Underperform | Underperform | Hold |
| May 06, 2024 | RBC Capital | Outperform | Outperform | Hold |
First Industrial Realty Trust's last stock rating was published by Citigroup on Oct 17, 2024. The company gave FR a "Neutral" rating, the same as its previous rate.
First Industrial Realty Trust Financial Forecast
First Industrial Realty Trust Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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 | $194.41M | $193.25M | $188.78M | $188.21M | $181.59M | $170.24M | $166.29M | $164.88M | $164.83M | $169.15M | $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 | $198.15M | $196.97M | $192.41M | $191.83M | $185.09M | $173.52M | $169.49M | $168.59M | $167.04M | $171.23M | $163.48M | $161.18M | $157.70M | $156.06M | $152.35M | $146.44M | $138.59M | $132.62M | $130.36M | $126.52M | $124.40M | $121.09M | $118.15M | $115.60M | $112.17M | $110.90M | $111.02M | $113.08M | $110.75M | $108.61M |
| Low Forecast | $189.40M | $188.27M | $183.91M | $183.36M | $176.91M | $165.85M | $162.00M | $158.67M | $161.77M | $167.08M | $163.48M | $161.18M | $156.10M | $149.16M | $145.62M | $139.97M | $132.47M | $127.35M | $125.18M | $121.49M | $119.46M | $116.28M | $113.46M | $111.01M | $107.72M | $106.49M | $106.61M | $108.59M | $106.35M | $104.30M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 5 | 5 | 5 | 5 | 4 | 4 |
| 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 $161.18M, and a high forecast of $161.18M. 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 5 | 5 | 5 | 5 | 4 | 4 |
| 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 | $127.76M | $126.99M | $124.05M | $123.68M | $119.33M | $111.87M | $109.28M | $108.35M | $108.32M | $111.16M | $107.43M | $95.74M | $103.12M | $100.62M | $98.23M | $87.04M | $89.36M | $84.89M | $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 | $130.21M | $129.44M | $126.44M | $126.06M | $121.63M | $114.02M | $111.38M | $110.79M | $109.77M | $112.52M | $107.43M | $114.89M | $103.63M | $102.55M | $100.12M | $104.45M | $91.08M | $86.81M | $85.33M | $94.95M | $81.43M | $79.26M | $77.34M | $81.49M | $73.43M | $72.59M | $72.68M | $74.52M | $72.49M | $71.10M |
| Low Forecast | $124.46M | $123.72M | $120.85M | $120.49M | $116.25M | $108.99M | $106.46M | $104.27M | $106.30M | $109.79M | $107.43M | $76.60M | $102.58M | $98.02M | $95.69M | $69.63M | $87.05M | $83.36M | $81.95M | $63.30M | $78.20M | $76.11M | $74.27M | $54.33M | $70.51M | $69.71M | $69.79M | $49.68M | $69.62M | $68.27M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.28% | 0.15% | 1.03% | 1.11% | 1.08% | 1.11% | 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 5 | 5 | 5 | 5 | 4 | 4 |
| 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 | $59.59M | $56.94M | $55.62M | $51.64M | $54.95M | $52.31M | $51.64M | $47.67M | $46.32M | $50.55M | $46.83M | $42.18M | $40.60M | $40.05M | $37.66M | $38.35M | $123.39M | $35.60M | $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 | $61.08M | $58.36M | $57.01M | $52.94M | $56.33M | $53.61M | $52.94M | $48.37M | $47.69M | $50.57M | $46.85M | $50.62M | $41.26M | $41.05M | $38.60M | $46.02M | $148.07M | $36.65M | $41.66M | $41.84M | $35.18M | $33.70M | $30.10M | $46.52M | $24.67M | $31.57M | $32.17M | $35.13M | $27.31M | $31.54M |
| Low Forecast | $57.59M | $55.03M | $53.75M | $49.91M | $53.11M | $50.55M | $49.91M | $46.97M | $45.64M | $50.53M | $46.80M | $33.75M | $39.95M | $38.71M | $36.40M | $30.68M | $98.71M | $34.77M | $39.53M | $27.89M | $33.38M | $31.97M | $28.56M | $31.01M | $23.40M | $29.95M | $30.52M | $23.42M | $25.91M | $29.93M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.25% | 1.90% | 1.45% | 0.86% | 0.66% | 3.48% | 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 5 | 5 | 5 | 5 | 4 | 4 |
| 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 | $13.08M | $13.00M | $12.70M | $12.66M | $12.22M | $11.45M | $11.19M | $11.09M | $11.09M | $11.38M | $11.00M | $10.17M | $10.56M | $10.30M | $10.06M | $9.25M | $9.68M | $8.73M | $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 | $13.33M | $13.25M | $12.95M | $12.91M | $12.45M | $11.67M | $11.40M | $11.34M | $11.24M | $11.52M | $11.00M | $12.20M | $10.61M | $10.50M | $10.25M | $11.09M | $11.62M | $8.92M | $8.77M | $10.09M | $8.37M | $8.15M | $7.95M | $6.41M | $7.55M | $7.46M | $7.47M | $8.00M | $7.45M | $7.31M |
| Low Forecast | $12.74M | $12.67M | $12.37M | $12.34M | $11.90M | $11.16M | $10.90M | $10.68M | $10.88M | $11.24M | $11.00M | $8.14M | $10.50M | $10.04M | $9.80M | $7.40M | $7.75M | $8.57M | $8.42M | $6.72M | $8.04M | $7.82M | $7.63M | $4.27M | $7.25M | $7.17M | $7.17M | $5.33M | $7.16M | $7.02M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 0.82% | 0.95% | 1.01% | 0.90% | 0.94% | 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 5 | 5 | 5 | 5 | 4 | 4 |
| 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 | $0.45 | $0.43 | $0.42 | $0.39 | $0.41 | $0.40 | $0.39 | $0.36 | $0.35 | $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 | $0.46 | $0.44 | $0.43 | $0.40 | $0.43 | $0.40 | $0.40 | $0.37 | $0.36 | $0.38 | $0.35 | $0.31 | $0.31 | $0.31 | $0.29 | $0.34 | $0.27 | $0.28 | $0.31 | $0.26 | $0.27 | $0.25 | $0.23 | $0.24 | $0.19 | $0.24 | $0.24 | $0.20 | $0.21 | $0.24 |
| Low Forecast | $0.43 | $0.42 | $0.41 | $0.38 | $0.40 | $0.38 | $0.38 | $0.35 | $0.34 | $0.38 | $0.35 | $0.31 | $0.30 | $0.29 | $0.27 | $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 $0.31 and a high estimate of $0.31. 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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| COLD | Americold Realty Trust | $22.88 | $32.25 | 40.95% | Buy |
| PLYM | Plymouth Industrial REIT | $18.78 | $25.80 | 37.38% | Buy |
| LXP | LXP Industrial Trust | $9.20 | $12.50 | 35.87% | Buy |
| REXR | Rexford Industrial Realty | $41.97 | $54.00 | 28.66% | Buy |
| TRNO | Terreno Realty | $60.23 | $68.67 | 14.01% | Buy |
| EGP | EastGroup Properties | $169.28 | $191.00 | 12.83% | Buy |
| FR | First Industrial Realty Trust | $52.69 | $58.45 | 10.93% | Hold |