First Industrial Realty Trust (NYSE:FR) Releases Earnings Results, Beats Expectations By $0.36 EPS

First Industrial Realty Trust (NYSE:FR) posted its earnings results on Wednesday. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.36, Zacks reports. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. First Industrial Realty Trust updated its FY 2025 guidance to 2.870-2.970 EPS.

First Industrial Realty Trust Stock Performance

Shares of NYSE:FR traded up $0.04 during midday trading on Wednesday, reaching $53.79. 1,426,539 shares of the company’s stock traded hands, compared to its average volume of 900,363. First Industrial Realty Trust has a one year low of $45.10 and a one year high of $57.35. The stock has a 50 day moving average of $51.57 and a 200 day moving average of $53.48. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 23.09 and a beta of 1.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FR shares. KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a “hold” rating and a $52.00 price objective on the stock. Finally, Barclays dropped their target price on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $57.38.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) 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.