simplyStocks
First Industrial Realty Trust, Inc.
FR · NYSEReal Estate
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
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Company details
Market cap
$8.6B
P/E ratio
28×
Div yield
2.9%
FFO / share
$2.65
EPS (2024)
$2.17
Occupancy
96%
Rev. growth
+8%
Revenue
$672M
In plain English
First Industrial owns ~69M sq ft of warehouses and distribution centres in the top US logistics markets — Southern California, Central Pennsylvania and Dallas — and rents them to the companies that move goods, led by Amazon. As a REIT it develops and leases space, pays out most of its income as dividends, and lives and dies by rents and interest rates.
In simple terms
What First Industrial Realty Trust, Inc. really sells
First Industrial owns ~69M sq ft of warehouses and distribution centres in the top US logistics markets — Southern California, Central Pennsylvania and Dallas — and rents them to the companies that move goods, led by Amazon. As a REIT it develops and leases space, pays out most of its income as dividends, and lives and dies by rents and interest rates.
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Risk read
SteadierMore speculative
Why this rating?