FIRST INDUSTRIAL REALTY TRUST, INC.
At today's price, FIRST INDUSTRIAL REALTY TRUST, INC. (FR) is priced for +6.4% FFO growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• First Industrial is a pure-play industrial and logistics landlord whose pricing power is showing up in the releasing spreads: cash rents on new and renewal leases jumped 41% in the first quarter, above the top of management's own guidance range, a sign that in-place rents still sit well below where the market will pay [Source: First Industrial Q1 2026 results]. • The clearest risk is that the price already pays for that strength: at roughly 20 times adjusted funds from operations, the stock e
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444 institutional managers reported holding FR in 13F filings for the quarter ended 2026-03-31. 44 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 4.0M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (3.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FR's share count grew 2.7% over the past five years. It pays a dividend, and has for 13 years running, raised 12 years straight; the current rate is $1.78 a share annually. Cash returned over the past three years: $571.52M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at FR over the trailing three years. Absence is a fact about the company, not a signal. 5 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-22 | -1.7% | -6.8% |
| 2023-10-21 | -5.3% | +24.4% |
| 2024-02-15 | +4.1% | -15.2% |
| 2024-04-20 | -8.7% | +3.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FR's latest 8-K filings: 2026-04-30 (items 5.07, 7.01, 9.01); 2026-04-22 (items 2.02, 9.01); 2026-03-27 (items 5.02); 2026-03-17 (items 5.02, 7.01, 8.01, 9.01); 2026-02-04 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.