FR

First Industrial Realty Trust, Inc.

Real Estate · $8.1B market cap

Share price

$59.46

close of Oct 3, 2026

Fair value

$34.41

Sticker Price

Payback Price

$13.76

buy price

Overpriced

FR is Overpriced: at $59.46 it trades 73% above its fair value of $34.41. Its buy price (Payback Price) is $13.76, 77% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

FFO-Based (REIT). A real estate trust. Depreciation makes a property owner's profit look smaller than the cash it brings in, so we value it on funds from operations (FFO).

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth12.4% a year✓

Equity per share growth1.1% a year✗

Sales growth4.4% a year✗

Free cash flow growth-0.4% a year✗

Return on invested capital5.2%✗

Follow FR

Get notified when it reaches its buy price of $13.76. Free.

Create a free account

Superinvestors

1 of the investors we track holds FR. In Q1 2026, 1 trimmed. Who we track

Third Avenue Management

Third Avenue Management · as of Q2 2026

$4.8M

77,498 shares

Moves in Q1 2026

Trimmed: Third Avenue Management

Insider activity

Since Jul 27, 2026: no open-market purchases and 2 other filings (stock awards, tax withholding and similar). Why purchases matter

Other filings

MUSIL SCOTT A

Chief Financial Officer · 2026-07-27

J-Other

2,175 shares

MUSIL SCOTT A

Chief Financial Officer · 2026-07-27

J-Other

2,603 shares

About First Industrial Realty Trust, Inc.

First Industrial Realty Trust, Inc. is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. In total, we own and have under development approximately 71.6…

REIT - Industrial