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First Industrial Realty Trust (FR-N)
NYSE:FR
52.10
0.05
(0.10%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 2 opinions in the last 12 months.
First Industrial Realty Trust (FR-N) is a strong industrial realty company with a portfolio that is considered one of the best in public markets. Despite recent weakness due to new supply and slower leasing decisions, experts believe that the current price already reflects these factors. The company is exclusively operating in the strong US industrial market, with a heavy focus on the 15 best industrial markets, including southern California. There is a positive outlook on the company's future performance, with significant potential for growth in cashflows and a big development pipeline waiting to be leased.
$46.610
Owned
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)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.
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.
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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
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 2024-12-12, First Industrial Realty Trust (FR-N) stock closed at a price of $52.1.
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.