FR

Based on First Industrial Realty Trust, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

What does First Industrial Realty Trust do?

First Industrial Realty Trust owns, operates, and develops industrial real estate across major U.S. markets. Its portfolio includes bulk distribution centers, regional distribution facilities, and light industrial properties. The company leases space to a mix of large multinational corporations and regional businesses, generating income through long-term lease agreements.

Does FR pay dividends?

Yes, First Industrial pays a regular dividend. As a REIT, the company is required to distribute the majority of its taxable income to shareholders, making dividend payments a core feature of the investment. Investors should review the current dividend rate and payout history on the company's investor relations page.

When does FR report earnings?

First Industrial reports earnings on a quarterly basis, in line with standard practice for U.S.-listed REITs. For the exact schedule and most recent results, check the investor relations section of the company's official website.

Is FR a good stock to buy?

UQS Score rates FR as Below Average overall. While the Quality pillar shows relative strength, the Moat, Growth, and Risk pillars are all rated Weak, and Valuation is Elevated. This profile suggests investors should weigh the risks carefully before adding FR to a portfolio. The full pillar breakdown is available to UQS Pro members.

Is FR overvalued?

The UQS Valuation pillar for FR is rated Elevated, indicating the stock may be priced above what the underlying fundamentals comfortably support. This does not guarantee a price decline, but it does suggest limited margin of safety at current levels relative to the company's growth and risk profile.

How does FR compare to its competitors?

FR competes with industrial and logistics-focused REITs such as Rexford Industrial and Lineage, as well as adjacent real estate operators like CubeSmart. FR differentiates through its national footprint and fully integrated platform, though its Weak Moat rating suggests the competitive advantage may be less durable than some peers.

What is FR's market cap bracket?

First Industrial Realty Trust is classified as a mid-cap company. This places it in a range that typically offers more liquidity than small-cap REITs while remaining smaller than the largest institutional-grade real estate operators in the sector.

Who founded First Industrial Realty Trust?

First Industrial Realty Trust was founded in 1994. For detailed founding history and leadership background, the company's official website and public filings provide comprehensive information.

Is FR a long-term quality investment?

From a long-term quality perspective, FR's UQS profile presents a mixed picture. The Good Quality pillar suggests operational competence, but Weak ratings across Moat, Growth, and Risk — combined with an Elevated Valuation — indicate that long-term investors should monitor whether the company can improve its competitive positioning and growth trajectory over time.

What is the main competitive advantage of First Industrial Realty Trust?

First Industrial's integrated platform — combining in-house leasing, development, and asset management — is its primary operational differentiator. However, the UQS Moat pillar rates this advantage as Weak, suggesting it may not provide a durable edge over peers in the broader industrial REIT sector.

What sector does FR belong to?

FR belongs to the Real Estate sector, specifically the industrial REIT sub-segment. Industrial REITs own and lease properties used for warehousing, distribution, and light manufacturing — a segment that has benefited from e-commerce growth and supply chain investment over recent years.

Is FR a growth stock or value stock?

Based on its UQS profile, FR does not fit neatly into either category. The Growth pillar is rated Weak, limiting its appeal as a pure growth play, while the Elevated Valuation rating reduces its attractiveness as a value opportunity. It may appeal most to income-focused investors drawn by its dividend, though the Risk pillar warrants attention.

First Industrial Realty Trust, Inc. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.

First Industrial Realty Trust, Inc. faces growth headwinds with declining or stagnant revenue trends.

First Industrial Realty Trust, Inc. has some risk factors including moderate leverage or solvency concerns.

First Industrial Realty Trust, Inc. appears expensively valued relative to its fundamentals and growth prospects.

First Industrial Realty Trust, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for FR.

The UQS (Unified Quality Score) for First Industrial Realty Trust, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses First Industrial Realty Trust, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether First Industrial Realty Trust, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.