US · USD

FR

First Industrial Realty Trust Inc

$59.26+0.07% ($0.04)Updated 10/6/26, 5:00 PM

Day's range: $58.26 – $59.81
Day's volume: $81M
52-week range: $48.65 – $68.30

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FR in numbers

Market cap: $7.9B

P/E: 21.56

P/B: 2.83

Dividend yield (12m): 3.28%

The 12-month dividend yield of FR is 3.28%, above its 5-year average of 2.44%.

FR price history

10/07/202510/06/2026

Compare with

FR risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+6.96%	+38.35%	+12.90%
Volatility (annualized)	17.59%	21.43%	22.94%
Largest drawdown	-9.25%	-15.95%	-33.32%
Positive months	5/12	19/36	29/60

How much did investing in FR return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $1,129.01 today.

Value today in FR: $1,129.01

Return over the period: +12.90%

Return per year: +2.49%

In the S&P 500: $1,712.05

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

FR fundamentals

Valuation

P/E21.56
P/B2.83
EV/EBITDA—
EV/EBIT—
EV/Revenue10.34
P/EBIT—
P/S10.34
P/OCF17.48
P/FCF—
Earnings yield—
PEG ratio—
Earnings per share$2.75
Book value per share$20.94

Efficiency

Gross margin—
EBITDA margin—
Operating margin—
Net margin47.97%
Asset turnover0.13

Profitability

ROE13.13%
ROA6.30%
ROIC—
Payout70.77%

Growth

Revenue CAGR (5 years)10.45%
Earnings CAGR (5 years)9.28%
Revenue growth (year)—
Earnings growth (year)—
Revenue growth (quarter)—
Earnings growth (quarter)—

What is FR's fair price?

Two classic value formulas, with today's numbers. The current price is $59.26.

Graham's fair price: $35.98; 39.28% below the price

√(22.50 × $2.75 × $20.94)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $22.02; 62.85% below the price

$1.32 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

FR's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	30.67	23.08	25.36	17.77	32.19	27.76	22.08	22.38
P/B	2.84	2.49	2.72	2.59	3.97	2.86	2.99	2.22
Dividend yield	2.98%	2.85%	2.38%	2.39%	1.60%	2.33%	2.19%	2.99%
Earnings per share	$1.87	$2.17	$2.08	$2.72	$2.06	$1.52	$1.88	$1.29
Book value per share	$20.16	$20.13	$19.37	$18.60	$16.65	$14.74	$13.89	$13.00
ROE	9.26%	10.79%	10.72%	14.60%	12.35%	10.30%	13.53%	9.92%
Net margin	34.03%	42.94%	44.76%	66.52%	56.90%	43.74%	56.05%	40.41%

FR's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$727.1M	$669.6M	$614M	$539.9M	$476.3M	$448M
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	—
Financial result	-$63M	$25.4M	$17.7M	$76.1M	$102.8M	$32M
Income before tax	$244.7M	$297.8M	$262.3M	$290M	$282.2M	$198.4M
Income tax	-$15.3M	-$6.1M	-$8.7M	-$23.4M	-$4.9M	-$2.4M
Net income	$247.4M	$287.6M	$274.8M	$359.1M	$271M	$196M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does FR pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Dividend	09/29/2026	10/19/2026	$0.50

Dividend yield per year

2.61%2017
2.99%2018
2.19%2019
2.33%2020
1.60%2021
2.39%2022
2.38%2023
2.85%2024
2.98%2025
2.44%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	06/29/2026	07/20/2026	$0.50
Dividend	03/30/2026	04/20/2026	$0.50
Dividend	12/30/2025	01/20/2026	$0.45
Dividend	09/29/2025	10/20/2025	$0.45
Dividend	06/27/2025	07/21/2025	$0.45
Dividend	03/28/2025	04/21/2025	$0.45
Dividend	12/30/2024	01/21/2025	$0.37
Dividend	09/27/2024	10/21/2024	$0.37
Dividend	06/27/2024	07/15/2024	$0.37
Dividend	03/26/2024	04/15/2024	$0.37
Dividend	12/27/2023	01/16/2024	$0.32
Dividend	09/27/2023	10/16/2023	$0.32

See all 39 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	06/28/2023	07/17/2023	$0.32
Dividend	03/29/2023	04/17/2023	$0.32
Dividend	12/28/2022	01/17/2023	$0.30
Dividend	09/28/2022	10/17/2022	$0.30
Dividend	06/28/2022	07/18/2022	$0.30
Dividend	03/29/2022	04/18/2022	$0.30
Dividend	12/29/2021	01/18/2022	$0.27
Dividend	09/28/2021	10/18/2021	$0.27
Dividend	06/28/2021	07/19/2021	$0.27
Dividend	03/29/2021	04/19/2021	$0.27
Dividend	12/29/2020	01/19/2021	$0.25
Dividend	09/28/2020	10/19/2020	$0.25
Dividend	06/26/2020	07/20/2020	$0.25
Dividend	03/27/2020	04/20/2020	$0.25
Dividend	12/27/2019	01/21/2020	$0.23
Dividend	09/26/2019	10/21/2019	$0.23
Dividend	06/26/2019	07/15/2019	$0.23
Dividend	03/27/2019	04/15/2019	$0.23
Dividend	12/27/2018	01/22/2019	$0.22
Dividend	09/26/2018	10/15/2018	$0.22
Dividend	06/27/2018	07/16/2018	$0.22
Dividend	03/27/2018	04/16/2018	$0.22
Dividend	12/27/2017	01/16/2018	$0.21
Dividend	09/27/2017	10/16/2017	$0.21
Dividend	06/27/2017	07/17/2017	$0.21
Dividend	03/28/2017	04/17/2017	$0.21
Dividend	12/27/2016	01/17/2017	$0.19

About First Industrial Realty Trust

Sector: Finance, insurance and real estate

Questions about FR

How much is FR today?

FR is at $59.26 (0.07% on the day), last traded on 10/06/2026.

How much did FR pay in dividends in 2025?

FR paid $1.71 per share in 2025, a dividend yield of 2.98%.

When is the next FR dividend?

The next announced payment is $0.50 per share on 10/19/2026.

What are the P/E and P/B of FR?

FR trades at a P/E of 21.56 and a P/B of 2.83.

How much did FR return in 12 months?

FR returned 6.96% in 12 months, with annualized volatility of 17.59% and a largest drawdown of -9.25%.