This summary was created by AI, based on 2 opinions in the last 12 months.
First Industrial Realty Trust (FR-N) is a dominant player in the industrial warehousing sector, with a strong presence in 15 of the top US markets, particularly in southern California. Despite the impact of inflation on new starts, the company is well-positioned to benefit from increasing demand and potential pricing power. With a solid development pipeline, significant discount to NAV, and the possibility of being a takeout candidate, the stock presents an attractive investment opportunity. Analysts also expect strong earnings growth in the coming years, making it a compelling choice for investors.
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)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.
First Industrial Realty Trust is a American stock, trading under the symbol FR-N on the New York Stock Exchange (FR). It is usually referred to as NYSE:FR or FR-N
In the last year, there was no coverage of First Industrial Realty Trust published on Stockchase.
First Industrial Realty Trust was recommended as a Top Pick by on . Read the latest stock experts ratings for First Industrial Realty Trust.
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In the last year, there was no coverage of First Industrial Realty Trust published on Stockchase.
On 2024-03-18, First Industrial Realty Trust (FR-N) stock closed at a price of $51.63.
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%.
(Analysts’ price target is $50.79)If discount to NAV persists, possible takeout candidate.