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Background First Industrial Realty Trust, Inc. is a self-administered and fully integrated real estate company which owns, manages, acquires, sells, develops and redevelops industrial real estate. The Company is a Maryland corporation organized on August 10, 1993 and a real estate investment trust ("REIT") as defined in the Internal Revenue Code of 1986 (the "Code").
$68.06
$0.80 (-1.16%)
Live · 05:19 PM
42.32% operating margin is above average. ROIC at 9.98%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 8.6%, steady but not accelerating.
At 26x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
26.3x earnings. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$745M
▲ +8.6% YoY
Net Income (TTM)
$338M
▼ -13.9% YoY
Op. Margin
41.21%
▲ +1.6pp YoY
ROIC
10.48%
▲ +0.9pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$462M
▲ +30.9% YoY
Net Debt
$115M
Cash & Equiv.
$37M
5Y CAGR: +10.2%
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At a P/E of 26.3, First Industrial Realty Trust (FR)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, First Industrial Realty Trust scores 60/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
First Industrial Realty Trust scores 60 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 41.2% operating margin and a 10.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, First Industrial Realty Trust pays a regular dividend of about $1.82 per share per year (typically in quarterly installments), a yield of roughly 2.7% at the current price. That is a payout ratio of about 71.5% of earnings, so the dividend is covered, with less cushion. First Industrial Realty Trust has grown the dividend at roughly 13.4% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For FR's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. you should weigh FR's valuation and scores 60/100 on quality (solid). It also yields about 2.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.