NYSE:FR

51.56
0.47 (0.90%) 1d
0
Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

The experts are optimistic about First Industrial Realty Trust despite recent weakness due to new supply and slower leasing decisions. They highlight the company's strong industrial fundamentals, best portfolios in public markets, and potential for higher cashflows on lease renewals. With a heavy concentration in the US industrial market and a big development pipeline, the consensus is that it's the right time to buy as the money has already been spent, leaving only upside potential. Overall, the experts see potential for growth and value in this stock.

Consensus
Buy
Valuation
Undervalued
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.

investment companies / funds
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)
investment companies / funds
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)
investment companies / funds
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)
investment companies / funds
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)
investment companies / funds
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.

investment companies / funds
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).
investment companies / funds
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First Industrial Realty Trust(FR-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for First Industrial Realty Trust is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

First Industrial Realty Trust(FR-N) Frequently Asked Questions

What is First Industrial Realty Trust stock symbol?

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

Is First Industrial Realty Trust a buy or a sell?

In the last year, 1 stock analyst published opinions about FR-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for First Industrial Realty Trust.

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

First Industrial Realty Trust was recommended as a Top Pick by on . 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 2024-12-06, First Industrial Realty Trust (FR-N) stock closed at a price of $51.56.