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First Industrial Realty Trust, Inc.

FR Real Estate Real Estate Investment Trusts
$54.44
▼ -8.3% Today
as of Oct 23, 16:48 ET
Last 30 days -11.29% Sep 14 → Oct 23
$53.80 $56.11 $58.41 $60.71 $63.02 Sep 14 Sep 22 Sep 30 Oct 07 Oct 15 Oct 23
Open
$54.62
High
$55.32
Low
$54.21
Volume
$3M
Avg Vol
$1M
Mkt Cap
$7.7B
P/E (TTM)
27.33
Beta
—
52w High
$69.88
52w Low
$54.21
Div Yield
—
Shares Out
$133M

Recent Press Releases & News last 60 days · 11 items

Oct 23 · 12:12 Simply Wall St.
First Industrial Realty Trust (FR) Stock Price Falls As Q3 Results Raise Pipeline Questions
Oct 23 · 01:14 Simply Wall St.
Raised Guidance Could Change The Case For First Industrial Realty Trust Stock
Oct 22 · 23:58 Motley Fool
First Industrial (FR) Q3 2026 Earnings Call Transcript
▸ Show all 11 press releases & news Free account →

FR earnings at a glance

The options market is pricing a move of about ±6.3% after the report, a range of roughly $51.00 to $57.88 from today's $54.44. Over its last 5 reports the stock rose the next day 3 times and fell 2, moving ±1.3% on average; after the most recent report on Jul 22, 2026 it moved -2.0%. That means options currently expect more movement than FR has typically delivered. FR beat the consensus EPS estimate in 4 of its last 5 reported quarters. Implied volatility is currently 54%. The share price of $54.44 sits near its 52-week low.

More Real Estate stocks · All stocks · Earnings calendar

Overview

52-week range
$54
$70
1% of range
Avg surprise (last 5)
+1.3%
Avg reaction (last 5)
+0.2%
60% positive
Latest IV / EM
54%
EM ±6.3% · $60 · Oct 16

Earnings trends

EPS — actual vs estimate Actual Estimate
$0.36$0.47$0.59$0.70$0.82 Actual $0.42Actual $0.41Actual $0.57Actual $0.52Actual $0.39Actual $0.75Actual $0.36Actual $0.76Est $0.72Actual $0.76Est $0.74Actual $0.77Est $0.76Actual $0.68Est $0.72Actual $0.82Est $0.80 MarJunSepMarJunSepMarJun/2025Sep/20258K8KJun/2026
Revenue vs Net Income Revenue Net income
$0$51M$102M$154M$205M Sep 24Mar 25Jun 25Sep 25Mar 26Jun 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Wed Jul 22, 2026Jun/2026 $0.82 $0.80 +2.5% +5.3% -2.0% earnings
Wed Apr 22, 20268K 2026-04-22 $0.68 $0.72 -5.6% — -0.8% earnings
Wed Feb 4, 20268K 2026-02-04 $0.77 $0.76 +1.3% — +2.2% earnings
Wed Oct 15, 2025Sep/2025 $0.76 $0.74 +2.7% — +1.4% earnings
Wed Jul 16, 2025Jun/2025 $0.76 $0.72 +5.6% — +0.1% earnings
Mon Mar 31, 2025Mar 2025 $0.36 — — — — financials
Mon Sep 30, 2024Sep 2024 $0.75 — — — — financials
Sun Jun 30, 2024Jun 2024 $0.39 — — — — financials
Sun Mar 31, 2024Mar 2024 $0.52 — — — — financials
Sat Sep 30, 2023Sep 2023 $0.57 — — — — financials
Fri Jun 30, 2023Jun 2023 $0.41 — — — — financials
Fri Mar 31, 2023Mar 2023 $0.42 — — — — financials

Financials

Income statement (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue$195M$195M—$181M$180M$177M—$168M
Cost of revenue————————
Gross profit————————
Operating income————————
Net income$77M$148M—$65M$55M$53M—$99M
EPS (diluted)$0.58$1.08—$0.49$0.42$0.36—$0.75

Balance sheet (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Cash & equivalents$46M$37M$78M$34M$35M$36M$45M$47M
Inventory————————
Total current assets————————
Total assets$5.78B$5.77B$5.69B$5.51B$5.45B$5.45B$5.26B$5.20B
Long-term debt————————
Total liabilities$2.91B$2.92B$2.93B$2.77B$2.72B$2.70B$2.52B$2.49B
Total equity$2.78B$2.85B$2.67B$2.65B$2.73B$2.74B$2.67B$2.71B

Implied volatility — last 90 days

15%55%95%135%175% Jun 07 — IV 49% · EM ±6.8%Jun 08 — IV 42% · EM ±5.6%Jun 09 — IV 58% · EM ±7.2%Jun 10 — IV 85% · EM ±10.1%Jun 11 — IV 66% · EM ±7.3%Jun 12 — IV 59% · EM ±6.1%Jun 15 — IV 82% · EM ±5.9%Jun 16 — IV 109% · EM ±6.4%Jun 17 — IV 130% · EM ±5.4%Jun 19 — IV 33% · EM ±7.3%Jun 22 — IV 28% · EM ±5.8%Jun 23 — IV 42% · EM ±8.6%Jun 24 — IV 46% · EM ±9.1%Jun 25 — IV 49% · EM ±9.7%Jun 26 — IV 44% · EM ±8.5%Jun 29 — IV 47% · EM ±8.4%Jun 30 — IV 53% · EM ±9.1%Jul 01 — IV 50% · EM ±8.3%Jul 02 — IV 54% · EM ±8.8%Jul 03 — IV 56% · EM ±8.8%Jul 06 — IV 58% · EM ±8.1%Jul 07 — IV 44% · EM ±5.8%Jul 08 — IV 28% · EM ±3.5%Jul 09 — IV 16% · EM ±1.8%Jul 16 — IV 122% · EM ±5.1%Jul 20 — IV 28% · EM ±6.6%Jul 21 — IV 32% · EM ±7.4%Jul 22 — IV 39% · EM ±8.9%Jul 23 — IV 38% · EM ±8.4%Jul 24 — IV 40% · EM ±8.7%Jul 27 — IV 39% · EM ±8.2%Jul 28 — IV 37% · EM ±7.6%Jul 29 — IV 31% · EM ±6.1%Jul 30 — IV 35% · EM ±6.8%Jul 31 — IV 32% · EM ±6.1%Aug 03 — IV 41% · EM ±7.2%Aug 04 — IV 31% · EM ±5.4%Aug 05 — IV 30% · EM ±5.0%Aug 06 — IV 43% · EM ±6.9%Aug 07 — IV 44% · EM ±6.8%Aug 10 — IV 55% · EM ±7.6%Aug 11 — IV 57% · EM ±7.5%Aug 12 — IV 57% · EM ±7.1%Aug 13 — IV 56% · EM ±6.6%Aug 14 — IV 64% · EM ±7.1%Aug 17 — IV 91% · EM ±7.6%Aug 18 — IV 143% · EM ±10.3%Aug 19 — IV 153% · EM ±9.1%Aug 20 — IV 176% · EM ±7.3%Aug 24 — IV 24% · EM ±5.0%Aug 25 — IV 21% · EM ±4.3%Aug 26 — IV 24% · EM ±4.9%Aug 27 — IV 48% · EM ±9.4%Aug 28 — IV 46% · EM ±8.9%Aug 31 — IV 43% · EM ±7.6%Sep 01 — IV 47% · EM ±8.0%Sep 02 — IV 51% · EM ±8.6%Sep 03 — IV 44% · EM ±7.1%Sep 04 — IV 48% · EM ±7.4%Sep 07 — IV 54% · EM ±7.4%Sep 08 — IV 53% · EM ±7.0%Sep 09 — IV 46% · EM ±5.7%Sep 10 — IV 45% · EM ±5.3%Sep 11 — IV 53% · EM ±5.9%Sep 14 — IV 70% · EM ±5.9%Sep 15 — IV 93% · EM ±6.8%Sep 16 — IV 94% · EM ±5.5%Sep 17 — IV 152% · EM ±6.3%Sep 21 — IV 38% · EM ±7.9%Sep 22 — IV 36% · EM ±7.4%Sep 23 — IV 33% · EM ±6.6%Sep 24 — IV 37% · EM ±7.2%Sep 25 — IV 30% · EM ±5.8%Sep 28 — IV 34% · EM ±6.0%Sep 29 — IV 32% · EM ±5.6%Sep 30 — IV 33% · EM ±5.6%Oct 01 — IV 45% · EM ±7.3%Oct 02 — IV 40% · EM ±6.3%Oct 05 — IV 46% · EM ±6.3%Oct 06 — IV 48% · EM ±6.3%Oct 07 — IV 54% · EM ±6.8%Oct 08 — IV 54% · EM ±6.3%

Sector peers

NNN
NNN REIT, Inc.
$7.6B $41.72+2.5%
LINE
Lineage, Inc.
$7.8B $35.36+3.2%
ARE
Alexandria Real Estate Equities, Inc.
$7.9B $43.02+1.8%
REXR
Rexford Industrial Realty, Inc.
$8.1B $38.71+5.2%
ADC
Agree Realty Corporation
$8.1B $66.70+3.4%
RHP
Ryman Hospitality Properties, Inc.
$8.2B $130.38+0.1%

FR earnings FAQ

What is FR's expected move for earnings?

Options currently price a move of about ±6.3%, or $3.44 per share either way from $54.44.

How does FR stock usually react to earnings?

Across the last 5 reports the average next-day move was ±1.3%, up 3 times and down 2 times.

What is FR's implied volatility?

FR's at-the-money implied volatility is about 54% based on the latest options snapshot.

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