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NYSE:FR

First Industrial Realty Trust (FR)

62.79
+0.38 (0.61%)
as of Jun 11, 2026, 8:00:00 pm Market Open.
4 watching
0
PAST TOP PICK
(A Top Pick Mar 27/24, Up 6%)

Bullish on the space. Got really close to its NAV of ~%58, so he took the opportunity to exit. Reallocated proceeds to other industrial warehouse names that trade at a discount.

PAST TOP PICK
(A Top Pick Nov 30/23, Up 18%)

Hit his NAV target of $56-57 last fall, and he exited.

PAST TOP PICK
(A Top Pick Mar 30/23, Down 8%)

Strong industrial fundamentals, yet recent weakness because of new supply and slower leasing decisions. That's all priced in. One of the best portfolios in public markets. 27% discount to NAV. Cashflows go higher by 40-50% on each lease renewal. Right time to buy.

TOP PICK

Exclusively in the US, a strong industrial market. Zeroes in on 15 of the best industrial markets. Heavy concentration in southern California, home to the largest port in NA. Big development pipeline, waiting to be leased. Positive is that money's all been spent, only upside from here. 15-16% discount to NAV, 8-9% internal growth. Yield is 2.9%.

(Analysts’ price target is $56.93)
TOP PICK

Concentrated in 15 of the top US markets. Outside of DIR.UN, his best idea for industrial warehousing globally. Over 20% discount to NAV. Southern California strong industrial hub. Inflation has muted new starts, yet demand is increasing, so pricing power should return next year. Expiring leases can be renewed higher. Yield is 3%.

If discount to NAV persists, possible takeout candidate.

(Analysts’ price target is $50.79)
TOP PICK

In the 15 tightest markets in the US, with very low vacancy rates. Mostly in southern California, which benefits from being home to a #1 distribution hub. Leader in earnings growth in 2023 with lease renewal. Solid development pipeline. 20-25% discount to NAV. Expects 8% earnings growth this year. Could be an M&A target. Yield is 2.46%.

(Analysts’ price target is $57.64)
TOP PICK
They have less exposure (40%) to US coastal markets (than other industrial REITS) where there is a constraint of supply (and can seriously raise rents). Given the other 60% of the company pushes down the value--too cheap in his eyes. (Analysts’ price target is $43.33)
HOLD

Fed is thinking of ending QE early which could take the bite out of silver. It is below its 20 and 50 day moving averages so it is a bit concerning. You might want to consider stepping aside.

DON'T BUY
Interest rate sensitivity. Very focused trading range. Technically forming a triangle so it will break out one way or the other. You could Buy if it broke out above $7.50. Prefers bigger players where much of the money is going to flow, such as Simon Property Group (SPG-N).
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First Industrial Realty Trust (FR) Frequently Asked Questions

What is First Industrial Realty Trust stock symbol?

First Industrial Realty Trust is a American stock, trading under the symbol FR (previously FR-N on Stockchase) on the New York Stock Exchange (FR). It is usually referred to as NYSE:FR or FR

Is First Industrial Realty Trust a buy or a sell?

In the last year, there was no coverage of First Industrial Realty Trust published on Stockchase.

Is First Industrial Realty Trust a good investment or a top pick?

First Industrial Realty Trust was recommended as a Top Pick by Jeff Parent B. Eng. FCSI CIM on 2009-01-05. Read the latest stock experts ratings for First Industrial Realty Trust.

Why is First Industrial Realty Trust stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.

Is First Industrial Realty Trust worth watching?

In the last year, there was no coverage of First Industrial Realty Trust published on Stockchase.

What is First Industrial Realty Trust stock price?

On 2026-06-11, First Industrial Realty Trust (FR) stock closed at a price of $62.79.