First Industrial Realty Trust Inc. (FR) is a leading name in the operation, ownership, management, and development of real estate. This fully integrated company specializes in the ownership and acquisition of industrial properties, which are primarily used for distribution, light industrial, R&D, and manufacturing purposes. Founded in 1993, First Industrial Realty Trust is headquartered in Chicago, Illinois, continuing to provide unparalleled real estate services to companies throughout the United States and Canada.
As of now, FR's portfolio includes approximately 64 million square feet of properties, spanning various industrial sub-categories such as bulk warehouses, regional/light industrial, and R&D/flex. This illuminates the company's commitment to developing diversified industrial structures that match the unique needs of individual clients, thereby building enduring relationships with an array of industries.
First Industrial Realty Trust Inc’s primary source of income is the rent they receive from leasing the facilities in their portfolio. The trust meticulously manages its properties to maximize the sustainability, productivity, and return on investment. With their property management expertise and involvement in the entire real estate life-cycle from acquisition to disposition, the management team of FR ensures the high functionality and market-readiness of its properties, driving the trust's continual growth.
A prominent company in the Real Estate Investment Trust (REIT) industry, First Industrial Realty Trust Inc has built a reputation for delivering consistent returns to shareholders. The trust’s commitment to top-quality service delivery in the acquisition, repositioning, leasing and operating of industrial properties reflects their dedication to excellence, providing a competitive edge in the industry.
One of the commendable aspects of First Industrial Realty Trust Inc is their dedication to sustainability. First Industrial actively pursues energy-efficient solutions for their properties, to reduce the environmental impact and operating costs for their stakeholders. They aim for the highest standards of environmental stewardship, whether it involves integrating green principles into new development designs, retrofitting existing properties, or encouraging their tenants to adopt sustainable practices.
In conclusion, First Industrial Realty Trust Inc represents a winning combination of industrial real estate expertise, forward-thinking management strategies, and commitment to sustainable practices, making it an industry leader within the REIT sector. With decades of experience and a meticulous approach to managing and optimizing industrial properties, First Industrial Realty Trust Inc presents a compelling investment opportunity in the real estate sphere.
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Bank of America Corp DE has invested approximately $52.6 million in First Industrial Realty Trust, Inc. (NYSE:FR) by purchasing 857,737 shares. This new investment contributes to institutional investors now owning 99.85% of the REIT. Despite the company missing analyst earnings estimates for the last quarter with $0.58 EPS, First Industrial reported an 8.2% year-over-year revenue increase and declared a quarterly dividend of $0.50 per share, leading to a "Moderate Buy" consensus rating from analysts.
Corient Private Wealth LP increased its stake in First Industrial Realty Trust, Inc. by 15% in the second quarter, now owning 173,817 shares valued at $10.7 million. While the company reported an 8.2% year-over-year revenue increase to $194.94 million, its EPS of $0.58 missed analyst estimates of $0.80. Analysts maintain a "Moderate Buy" rating with an average price target of $67.43, noting the company's 3.3% dividend yield.
California State Teachers Retirement System recently reduced its stake in First Industrial Realty Trust ($FR) by 0.5%, though institutional ownership remains high at 99.85%. Despite missing quarterly EPS estimates, the company reported 8.2% year-over-year revenue growth and declared a quarterly dividend of $0.50 per share, offering a 3.3% yield. Analysts maintain a "Moderate Buy" rating with an average price target of $67.43.
Squarepoint Ops LLC increased its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 161% in the second quarter, acquiring an additional 59,168 shares, bringing its total to 95,916 shares valued at $5.88 million. The real estate investment trust reported mixed financial results, with Q2 EPS of $0.58 missing consensus estimates but revenue rising 8.2% year-over-year. Analysts currently hold a "Moderate Buy" rating for FR with an average price target of $67.43.
Virginia Retirement Systems acquired 69,677 shares of First Industrial Realty Trust ($FR) for approximately $4.27 million in Q2, with institutional investors collectively owning 99.85% of the REIT. Analysts maintain a "Moderate Buy" rating with an average price target of $67.43, despite the company reporting Q2 EPS of $0.58, missing consensus estimates of $0.80. First Industrial Realty Trust also declared a quarterly dividend of $0.50 per share, offering a 3.3% annualized yield.
Engineers Gate Manager LP significantly reduced its stake in First Industrial Realty Trust by selling 543,578 shares, though institutional ownership of the REIT remains high at 99.85%. First Industrial Realty Trust reported Q2 EPS of $0.58, missing consensus estimates, but revenue increased 8.2% year-over-year. The company maintains a quarterly dividend of $0.50, and analysts currently rate the stock as a "Moderate Buy" with a consensus price target of $67.43.
First Industrial Realty Trust (NYSE:FR) has received a consensus "Moderate Buy" rating from analysts, with an average 12-month price target of $67.43, exceeding its current share price of $61.81. Institutional investors own a significant 99.85% of the company, with notable increases in holdings by major funds. The REIT recently reported quarterly revenue up 8.2% year-over-year but missed earnings per share estimates, while declaring a quarterly dividend of $0.50, yielding 3.2% annually.
UBS AM, a distinct business unit of UBS Asset Management Americas LLC, significantly increased its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 27,323.4% in the second quarter, now owning 786,503 shares valued at approximately $48.22 million. Other institutional investors also made substantial moves in FR shares, bringing institutional ownership to 99.85%. Despite reporting quarterly revenue below estimates and missing EPS consensus, analysts maintain a "Moderate Buy" rating with an average price target of $67.43, suggesting potential upside from its recent share price of $61.60.
Jupiter Topco LLC has acquired a new stake of 60,571 shares in First Industrial Realty Trust, Inc., valued at approximately $3.71 million. This comes as First Industrial Realty Trust reported mixed Q2 2026 results with an 8.2% revenue increase year-over-year but an EPS of $0.58, missing analyst estimates of $0.80. Analysts maintain a "Moderate Buy" rating for the REIT with an average price target of $67.43.
Man Group plc has acquired a new stake in First Industrial Realty Trust, Inc., purchasing 59,693 shares valued at approximately $3.66 million during the second quarter. Other institutional investors have also adjusted their positions in the REIT, which collectively holds 99.85% institutional ownership. First Industrial Realty Trust recently reported quarterly earnings that missed estimates but saw an 8.2% year-over-year revenue increase, declared a quarterly dividend of $0.50 per share, and maintains a "Moderate Buy" consensus rating from analysts.