FIRST INDUSTRIAL REALTY TRUST Poised for a Promising 2024
January 6, 2024
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FIRST INDUSTRIAL REALTY TRUST ($NYSE:FR), a REIT specializing in industrial real estate, is well-positioned for a successful year in 2024. By offering an extensive selection of warehouses, distribution centers, manufacturing plants, and other industrial buildings, FIRST INDUSTRIAL REALTY TRUST is a strong partner for businesses in need of commercial real estate solutions. The company’s sound management team and long-term focus on industrial real estate investment have positioned them for success in the years ahead. Not only has FIRST INDUSTRIAL REALTY TRUST grown its portfolio in recent years, but it has also expanded its geographic reach, allowing it to capture a larger share of the industrial market in the US.
The company’s diversified portfolio of properties has enabled it to remain resilient to industry downturns and market volatility. FIRST INDUSTRIAL REALTY TRUST also benefits from its strong relationships with lenders and tenants. The company has established an excellent reputation with both parties, allowing it to quickly secure financing and secure new and long-term tenants.
Share Price
Friday saw FIRST INDUSTRIAL REALTY TRUST stocks open at $51.5 and close at $51.8, representing a slight decrease of 0.2% from the previous days’ closing price of $51.9. The company has a strong track record of consistently generating positive returns and is well-positioned to capitalize on the growing demand for industrial real estate in the US. Its portfolio of industrial properties covers most of the major US markets and provides a diverse array of storage solutions for tenants. As the demand for industrial real estate continues to rise, FIRST INDUSTRIAL REALTY TRUST is poised to benefit from this trend and generate returns well into the future. 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 |
| 601.37 | 267.35 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FR. More…
| Operations | Investing | Financing |
| 305.32 | -440.52 | 37.62 |
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 |
| 5.15k | 2.54k | 19.17 |
Key Ratios Snapshot
Some of the financial key ratios for FR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 40.2% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we conducted an analysis of FIRST INDUSTRIAL REALTY TRUST and its wellbeing. After reviewing the data, we found that FIRST INDUSTRIAL REALTY TRUST has been classified as a ‘cow’, a type of company with a track record of paying out consistent and sustainable dividends. In terms of health score, FIRST INDUSTRIAL REALTY TRUST scored 8 out of 10, which means it is in good condition with regard to its cashflows and debt, and is capable of safely riding out any crisis without the risk of bankruptcy. Additionally, FIRST INDUSTRIAL REALTY TRUST is strong in asset, dividend, growth, and profitability making it a great choice for investors looking for a reliable and profitable company. 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 is a real estate investment trust (REIT) that owns, develops, and manages industrial properties across the United States. Recent analysis of the company demonstrates strong fundamentals and growth potential. Despite some short-term challenges resulting from the pandemic, First Industrial has maintained a strong financial position with a solid liquidity position and low debt levels.
Looking to 2024, the company is well-positioned for continued success as demand for industrial real estate is expected to remain high due to increased e-commerce activity. With a diverse portfolio of properties across key markets, a focus on sustainability, and cost-saving initiatives such as strategic capital investments, First Industrial looks to remain a top choice for investors.
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