First Industrial Realty Trust, Inc.FR
NYSE • Real Estate
$61.86
P/E
23.88
PEG
0.12
FCF Yield
—
Rev Growth YoY
+9.9% YoY
Gross Margin
21.1%
Health Score
7/10
D/E Ratio
0.96
Confidence
—
Business Snapshot
First Industrial Realty Trust is a real estate investment trust (REIT) focused on the ownership, management, and development of industrial properties, primarily warehouses and distribution centers. The company operates in the industrial REIT sector, which serves e-commerce, logistics, and manufacturing tenants. With trailing twelve month revenue of $744.49 million and net income of $342.37 million, the company is positioned as a meaningful player in the industrial property market, though its exact market cap is not available. As a REIT, the company is required to distribute the majority of its taxable income as dividends, which influences its capital allocation strategy and appeal to income-oriented investors.
Financial Health
Gross margin stands at 21.1%, essentially flat compared to the prior year’s 21.0%, while net margin is a robust 46.0%, reflecting the high-margin nature of REIT earnings after depreciation and gains. The balance sheet is healthy with a debt-to-equity ratio of 0.96x, indicating moderate leverage, and a current ratio of 1.14x, suggesting adequate short-term liquidity...
Risk Assessment
- VALUATION DIVERGENCE — FMP DCF fair value of $17.66 is far below the current price of $61.86, implying a 250% premium that raises concerns about the sustainability of current pricing or the model's assumptions.
- TECHNICALS — RSI, MACD, and moving average data unavailable for this period; momentum cannot be independently confirmed.
- 52-WEEK POSITION — Current price of $61.86 is within 4.3% of the 52-week high of $64.66, suggesting limited near-term upside if the stock reverts toward the midpoint.
- EARNINGS QUALITY — Net income growth of 197.7% is exceptional and likely includes one-time property sales gains; recurring earnings power may be lower than reported....
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