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 $59.00 (represents a 16.30% upside from FR’s last price of $50.73) 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 $59.00 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 $55.00. This represents a potential 16.30% upside from FR's last price of $50.73.
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% | 20.24% |
| Oct 17, 2024 | Craig Mailman | Citigroup | $55.00 | $55.90 | -1.61% | 8.42% |
| Oct 10, 2024 | Brendan Lynch | Barclays | $56.00 | $54.18 | 3.36% | 10.39% |
| Aug 26, 2024 | Nicholas Yulico | Scotiabank | $58.00 | $56.41 | 2.82% | 14.33% |
| Aug 13, 2024 | Andrew Rosivach | Wolfe Research | $64.00 | $53.96 | 18.61% | 26.16% |
| Jul 30, 2024 | Michael Carrol | RBC Capital | $60.00 | $54.27 | 10.56% | 18.27% |
| May 06, 2024 | Michael Carrol | RBC Capital | $57.00 | $47.25 | 20.63% | 12.36% |
| Dec 16, 2022 | J.P. Morgan | $56.00 | $49.12 | 14.01% | 10.39% | |
| Jun 30, 2022 | Jefferies | $55.00 | $47.48 | 15.84% | 8.42% | |
| Jun 16, 2022 | Goldman Sachs | $61.00 | $47.70 | 27.88% | 20.24% | |
| May 16, 2022 | Truist Financial | $63.00 | $53.17 | 18.48% | 24.19% | |
| May 02, 2022 | Barclays | $71.00 | $57.31 | 23.88% | 39.96% | |
| Jul 15, 2021 | Jonathan Petersen | Jefferies | $61.00 | $53.54 | 13.93% | 20.24% |
| May 25, 2021 | Nicholas Yulico | Scotiabank | $52.00 | $49.75 | 4.52% | 2.50% |
| May 20, 2021 | Caitlin Burrows | Goldman Sachs | $51.00 | $49.20 | 3.66% | 0.53% |
| Apr 26, 2021 | Omotayo Okusanya | Credit Suisse | $54.00 | $48.14 | 12.17% | 6.45% |
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 20.24% increase from FR last price ($50.73).
First Industrial Realty Trust Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 7 |
| Avg Price Target | - | $57.33 | $58.71 |
| Last Closing Price | $50.73 | $50.73 | $50.73 |
| Upside/Downside | -100.00% | 13.01% | 15.73% |
In the current month, the average price target of First Industrial Realty Trust stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to First Industrial Realty Trust's last price of $50.73. This month's average price target is down -100.00% compared to last quarter, and down -100.00% 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 |
| Apr 25, 2024 | Wedbush | Neutral | Downgrade | |
| Apr 17, 2024 | RBC Capital | Buy | Buy | Hold |
| Apr 17, 2024 | Mizuho Securities | Underperform | Underperform | Hold |
| Dec 05, 2023 | Mizuho Securities | Buy | Upgrade | |
| Oct 31, 2023 | Industrial Alliance Securities | Buy | Buy | Hold |
| Oct 12, 2023 | KeyBanc | Underweight | Downgrade | |
| Jun 30, 2022 | Jefferies | Buy | Buy | Hold |
| Jun 16, 2022 | Goldman Sachs | Neutral | Neutral | Hold |
| May 02, 2022 | Barclays | Overweight | Overweight | 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 | $197.37M | $194.77M | $190.17M | $189.16M | $182.32M | $172.00M | $168.18M | $166.94M | $165.65M | $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 | $201.78M | $199.12M | $194.42M | $193.39M | $186.39M | $175.84M | $171.94M | $170.78M | $168.22M | $171.23M | $163.48M | $161.18M | $157.70M | $156.53M | $152.82M | $146.89M | $139.02M | $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 | $191.48M | $188.95M | $184.49M | $183.51M | $176.87M | $166.86M | $163.16M | $160.60M | $162.46M | $167.08M | $163.48M | $161.18M | $156.10M | $148.54M | $145.02M | $139.39M | $131.92M | $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 | $129.70M | $127.99M | $124.97M | $124.31M | $119.81M | $113.03M | $110.52M | $109.70M | $108.86M | $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 | $132.60M | $130.85M | $127.76M | $127.08M | $122.48M | $115.55M | $112.99M | $112.23M | $110.55M | $112.52M | $107.43M | $114.89M | $103.63M | $102.86M | $100.42M | $104.45M | $91.35M | $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 | $125.83M | $124.17M | $121.24M | $120.60M | $116.23M | $109.65M | $107.22M | $105.54M | $106.76M | $109.79M | $107.43M | $76.60M | $102.58M | $97.61M | $95.30M | $69.63M | $86.69M | $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 | $61.32M | $58.59M | $57.23M | $53.14M | $56.55M | $53.83M | $53.14M | $48.37M | $47.00M | $50.57M | $46.85M | $50.62M | $41.26M | $41.22M | $38.75M | $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 | $57.28M | $54.73M | $53.46M | $49.64M | $52.82M | $50.28M | $49.64M | $46.97M | $44.98M | $50.53M | $46.80M | $33.75M | $39.95M | $38.50M | $36.20M | $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 | $13.28M | $13.10M | $12.80M | $12.73M | $12.27M | $11.57M | $11.32M | $11.23M | $11.15M | $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 | $13.58M | $13.40M | $13.08M | $13.01M | $12.54M | $11.83M | $11.57M | $11.49M | $11.32M | $11.52M | $11.00M | $12.20M | $10.61M | $10.53M | $10.28M | $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 | $12.88M | $12.71M | $12.41M | $12.35M | $11.90M | $11.23M | $10.98M | $10.81M | $10.93M | $11.24M | $11.00M | $8.14M | $10.50M | $9.99M | $9.76M | $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 | $0.41 | $0.40 | $0.37 | $0.35 | $0.38 | $0.35 | $0.31 | $0.31 | $0.31 | $0.29 | $0.35 | $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 | $0.41 | $0.40 | $0.37 | $0.40 | $0.38 | $0.37 | $0.35 | $0.34 | $0.38 | $0.35 | $0.31 | $0.30 | $0.29 | $0.27 | $0.32 | $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 | $22.32 | $31.20 | 39.78% | Buy |
| REXR | Rexford Industrial Realty | $39.92 | $51.80 | 29.76% | Buy |
| PLYM | Plymouth Industrial REIT | $19.10 | $24.00 | 25.65% | Buy |
| LXP | LXP Industrial Trust | $8.78 | $11.00 | 25.28% | Buy |
| EGP | EastGroup Properties | $167.72 | $201.67 | 20.24% | Buy |
| TRNO | Terreno Realty | $61.98 | $73.33 | 18.31% | Buy |
| FR | First Industrial Realty Trust | $52.01 | $59.00 | 13.44% | Hold |