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FIRST INDUSTRIAL REALTY TRUST INC FR

NYSE · reit · Real Estate Investment Trusts · website · IPO 1994-06-24

FIRST INDUSTRIAL REALTY TRUST INC statistics & valuation

Market cap$8.7B
P / E35.1×
P / S11.9×
P / B3.1×
Dividend yield2.66%
Net margin34.0%
Return on equity9.0%
Graham number -53.3%$29.60

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($29.60); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
32.10% 50.80% 40.40% 56.10% 43.70% 56.90% 66.50% 44.80% 42.90% 34.00% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
9.40% 13.60% 9.70% 13.30% 10.10% 12.10% 14.20% 10.40% 10.50% 9.00% 2016201720182019202020212022202320242025
Shares outstanding
117.1M 119.9M 126.3M 127.0M 129.1M 131.7M 132.1M 132.3M 132.4M 132.5M 2016201720182019202020212022202320242025
Net debt ($)
$1.34B $1.28B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
4.30% 6.80% 5.20% 6.80% 5.20% 6.50% 7.20% 5.30% 5.50% 4.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
1.05× 0.88× 2016201720182019202020212022202320242025
EPS ($)
$1.05 $1.69 $1.31 $1.88 $1.53 $2.09 $2.72 $2.07 $2.17 $1.87 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

FIRST INDUSTRIAL REALTY TRUST INC trades at about 33.9× earnings — above its 10-year norm (10-year range 18.3×–31×, median 24.9×).

18.3× 33.9×

Shaded band = 10-year range (18.3×–31×); dot = today's 33.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin34.0%42.9%44.8%66.5%56.9%43.7%56.1%40.4%50.8%32.1%
Return on assets4.4%5.5%5.3%7.2%6.5%5.2%6.8%5.2%6.8%4.3%
Return on equity9.0%10.5%10.4%14.2%12.1%10.1%13.3%9.7%13.6%9.4%
Debt / equity————————0.88×1.05×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.