FR Stock Fair Value – FIRST INDUSTRIAL REALTY TRUST: Bright Outlook Despite Fairly Valued Shares
April 25, 2023
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FIRST INDUSTRIAL REALTY TRUST ($NYSE:FR) is a real estate investment trust that specializes in industrial properties. With its impressive portfolio of industrial space and warehouses, the company has provided investors with a diversified and solid platform for growth. In recent times, the company has seen a surge in demand for its products and services, which has resulted in encouraging positive developments and forward guidance from the company. Despite these developments, shareholders should note that the stock appears to be fairly valued. This suggests that further growth may be limited, although there are still good returns to be had for investors who buy shares at current prices.
Furthermore, the company’s strong balance sheet and attractive dividend yield also make it an attractive investment for those looking for a steady income stream. Overall, FIRST INDUSTRIAL REALTY TRUST has a bright outlook. The company’s focus on industrial properties ensures that it will remain an attractive option for investors. Although the stock may be fairly valued at the moment, there is potential for further growth in the future, especially as demand for industrial properties continues to rise.
Price History
Monday was a less-than-stellar day for FIRST INDUSTRIAL REALTY TRUST as its shares opened at $52.8 and closed at $51.8, down by 1.6% from the previous closing price of $52.7. With its fairly valued shares, the company is well-positioned for future growth and success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FR. More…
| Total Revenues | Net Income | Net Margin |
| 563.84 | 378.48 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FR. More…
| Operations | Investing | Financing |
| 410.9 | -629.11 | 304.55 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FR. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.95k | 2.42k | 19.12 |
Key Ratios Snapshot
Some of the financial key ratios for FR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 39.8% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – FR Stock Fair Value
At GoodWhale, we analyze FIRST INDUSTRIAL REALTY TRUST’s financials to determine its intrinsic value. Our proprietary Valuation Line puts the intrinsic value of FIRST INDUSTRIAL REALTY TRUST share at $54.5. However, the stock is currently traded at $51.8, indicating the market price is undervalued by 5.0%. This is a great opportunity for investors to buy shares of FIRST INDUSTRIAL REALTY TRUST at a fair price. More…
Peers
First Industrial‘s competitors include LXP Industrial Trust, Prologis Inc, and Stag Industrial Inc.
– LXP Industrial Trust ($NYSE:LXP)
LXP Industrial Trust is a real estate investment trust that owns, operates, and leases a portfolio of approximately 50 industrial properties in the United States. The company’s properties are located in major markets across the country, including Los Angeles, Chicago, Dallas, Houston, and Atlanta. LXP Industrial Trust is publicly traded on the New York Stock Exchange under the ticker symbol “LXP.”
– Prologis Inc ($NYSE:PLD)
Prologis Inc is a real estate investment trust (REIT) that owns, operates, and develops warehouses and distribution centers. As of December 31, 2020, the company owned or had investments in 3,813 properties in 19 countries.
The company’s market capitalization is $94.6 billion as of 2022. Prologis Inc is one of the largest REITs in the world and is the largest owner, operator, and developer of warehouses and distribution centers.
– Stag Industrial Inc ($NYSE:STAG)
Stag Industrial Inc is a publicly traded real estate investment trust focused on the acquisition, ownership, and operation of single-tenant industrial properties across the United States. The company’s portfolio includes over 170 properties in 33 states, totaling over 26 million square feet of leasable space.
Summary
First Industrial Realty Trust Inc. is an industrial real estate company that owns, develops and operates industrial properties across the United States. Recent developments in the company’s performance and outlook have been positive, with strong forward guidance for the coming months. This has led to an increase in share value, but the consensus among analysts is that the current share price represents fair value. Going forward, the company is well-positioned to benefit from strong trends in the industrial sector and should continue to see growth in revenue and profits.
