FIRST INDUSTRIAL REALTY TR (FR) Forecast, Price Target & Analyst Ratings

NYSE:FR • US32054K1034

Current stock price

60.68 USD
+0.21 (+0.35%)
At close:
60.68 USD
0 (0%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for FIRST INDUSTRIAL REALTY TR (FR).

Forecast Snapshot

Consensus Price Target

Price Target
$66.45
+ 9.50% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 22, 2026
Period
Q1 / 2026
EPS Estimate
$0.34
Revenue Estimate
197.19M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
76.00%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$66.45
Upside
+ 9.50%
From current price of $60.68 to mean target of $66.45, Based on 25 analyst forecasts
Low
$62.62
Median
$66.81
High
$71.40

Price Target Revisions

1 Month
1.68%
3 Months
8.57%

Price Target Summary

25 Wall Street analysts provided a forecast for the next 12 months for FR. The average price target is 66.45 USD. This implies a price increase of 9.5% is expected in the next year compared to the current price of 60.68.
The average price target has been revised upward by 8.57% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

FR Current Analyst RatingFR Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8

Analyst Ratings History

FR Historical Analyst RatingsFR Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20 25

Analyst Ratings Consensus

ChartMill Buy Consensus
76.00%
FR was analyzed by 25 analysts. The buy percentage consensus is at 76. So analysts seem to be have mildly positive about FR.
In the previous month the buy percentage consensus was at a similar level.
FR was analyzed by 25 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-03-02ScotiaBankMaintains Sector Perform -> Sector Perform
2026-02-18Truist SecuritiesMaintains Buy -> Buy
2026-02-11CitigroupMaintains Neutral -> Neutral
2026-02-10RBC CapitalMaintains Outperform -> Outperform
2026-02-06Cantor FitzgeraldMaintains Neutral -> Neutral
2026-01-20Truist SecuritiesMaintains Buy -> Buy
2026-01-14ScotiaBankMaintains Sector Perform -> Sector Perform
2025-12-04MizuhoMaintains Outperform -> Outperform
2025-11-10ScotiaBankMaintains Sector Perform -> Sector Perform
2025-10-27Wells FargoMaintains Equal-Weight -> Equal-Weight
2025-10-24RBC CapitalMaintains Outperform -> Outperform
2025-10-23JP MorganMaintains Overweight -> Overweight
2025-10-21Goldman SachsMaintains Neutral -> Neutral
2025-10-01Cantor FitzgeraldInitiate Neutral
2025-09-29RBC CapitalReiterate Outperform -> Outperform
2025-09-08MizuhoMaintains Outperform -> Outperform
2025-08-27ScotiaBankMaintains Sector Perform -> Sector Perform
2025-05-19Wells FargoMaintains Equal-Weight -> Equal-Weight
2025-05-12ScotiaBankMaintains Sector Perform -> Sector Perform
2025-05-06BairdMaintains Outperform -> Outperform
2025-05-05Truist SecuritiesMaintains Buy -> Buy
2025-04-30BarclaysMaintains Equal-Weight -> Equal-Weight
2025-04-29RBC CapitalMaintains Outperform -> Outperform
2025-04-28JP MorganMaintains Overweight -> Overweight
2025-04-22Goldman SachsMaintains Neutral -> Neutral

Next Earnings Forecast Details

Next Earnings Details

Release Date
Apr 22, 2026
Period
Q1 / 2026
EPS Estimate
$0.34
Revenue Estimate
197.19M
Revenue Q2Q
11.36%
EPS Q2Q
-5.58%
Number of Analysts
8

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
0.91%
EPS (1 Month)
0.00%
EPS (3 Months)
-16.10%

Next Earnings Summary

FR is expected to report earnings on 4/22/2026. The consensus EPS estimate for the next earnings is 0.34 USD and the consensus revenue estimate is 197.19M USD.
The next earnings revenue estimate has been revised upward by 0.91% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2031

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031
Revenue
YoY % growth
FR revenue by date.FR revenue by date.
614.027M
13.73%		669.641M
9.06%		727.076M
8.58%		811.8M
11.65%		873.83M
7.64%		880.72M
0.79%		967.22M
9.82%		1.126B
16.42%		1.194B
6.04%
EBITDA
YoY % growth
FR ebitda by date.FR ebitda by date.
397.706M
12.38%		431.631M
8.53%		483.658M
12.05%		554.32M
14.61%		596.05M
7.53%		634.1M
6.38%		613.47M
-3.25%		N/AN/A
EBIT
YoY % growth
FR ebit by date.FR ebit by date.
248.3M
15.54%		273.946M
10.33%		307.706M
12.32%		326.13M
5.99%		362.83M
11.25%		388.91M
7.19%		N/AN/AN/A
Operating Margin
FR operating margin by date.FR operating margin by date.
40.44%40.91%42.32%40.17%41.52%44.16%N/AN/AN/A
EPS
YoY % growth
FR eps by date.FR eps by date.
2.07
-23.62%		2.18
5.31%		1.86
-14.68%		1.80
-3.38%		2.14
18.87%		2.54
19.06%		2.08
-18.40%		2.41
16.13%		2.51
4.27%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27
EPS
Q2Q % growth		0.34
-5.58%		0.47
11.58%		0.49
-0.15%		0.46
-21.88%		0.43
27.27%		0.52
10.99%		0.53
8.42%		0.55
18.44%
Revenue
Q2Q % growth		197.19M
11.36%		198.97M
10.44%		203.3M
12.05%		209.71M
11.31%		214.23M
8.64%		216.22M
8.67%		220.06M
8.24%		226.96M
8.23%
EBITDA
Q2Q % growth		128.32M
16.73%		139.57M
-15.34%		142.3M
-32.39%		143.62M
-43.69%		140.21M
9.27%		152.23M
9.07%		154.09M
8.29%		154.17M
7.35%
EBIT
Q2Q % growth		70.88M
2.56%		82.4M
4.21%		85.298M
5.63%		85.65M
8.27%		72.821M
2.74%		84.975M
3.13%		86.675M
1.61%		88.168M
2.94%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

FR Yearly Revenue VS EstimatesFR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 200M 400M 600M 800M 1B
FR Yearly EPS VS EstimatesFR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0.5 1 1.5 2 2.5

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
11.00%
EPS Next 5 Year
5.32%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
5.57%
Revenue Next 5 Year
8.51%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
28.10%
EBIT Next 5 Year
19.42%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

FIRST INDUSTRIAL REALTY TR / FR Forecast FAQ

What do analysts expect the price target to be for FIRST INDUSTRIAL REALTY TR (FR)?

25 analysts have analysed FR and the average price target is 66.45 USD. This implies a price increase of 9.5% is expected in the next year compared to the current price of 60.68.

What is the next earnings date for FR stock?

FIRST INDUSTRIAL REALTY TR (FR) will report earnings on 2026-04-22, after the market close.

Can you provide the consensus estimates for FIRST INDUSTRIAL REALTY TR next earnings?

The consensus EPS estimate for the next earnings of FIRST INDUSTRIAL REALTY TR (FR) is 0.34 USD and the consensus revenue estimate is 197.19M USD.

How do analysts rate FIRST INDUSTRIAL REALTY TR (FR)?

The consensus rating for FIRST INDUSTRIAL REALTY TR (FR) is 76 / 100 . This indicates that analysts generally have a positive outlook on the stock.