First Industrial Realty Trust (FR)
NYSEReal EstateReit - IndustrialSnapshot 2026-11-05
$53.92-2.86%
Close 2026-11-05 · 1-day change
NYSEReal EstateReit - IndustrialSnapshot 2026-11-05
QuarterlyIQ Insights · FR
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -8.2% |
| Our one-year growth estimate | diamond | 6.7% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 14.9 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-05 · Compared with 12 industry peers · Company calendar date is not available
FR — earnings in line
Dated 2026-10-21
Results of Operations and Financial Condition . On October 21, 2026, First Industrial Realty Trust, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended September 30, 2026 and certain other information. Attached and incorporated by reference as Exhibit 99.1 is a copy of the Company’s press release dated October 21, 2026, announcing its financial results for the fiscal quarter ended September 30, 2026 and certain other information. On Octobe…
Why it matters: Occupancy fell to 94.1% in Q3 from 94.9% in Q2. A further drop could weigh on rent income and same-store growth.
Worry ifIn-service occupancy at year-end 2026 is below 94.5%, the low end of guidance.
Less concerning ifIn-service occupancy at year-end 2026 is at least 94.5%.
Why it matters: FR has signed leases for 45% of its 2027 expirations, with cash rent gains near 16%. More signed leases will test whether those gains last.
Watch forAs more 2027 expirations are signed, cash rent gains stay at or above 16%.
Also watch forAs more 2027 expirations are signed, cash rent gains fall below 16%.
Why it matters: FR raised its 2026 growth target to 6.5% at the midpoint. A higher result would show rent gains are lifting property income.
Supportive ifFull-year 2026 cash same-store NOI growth is above 6.5%.
Worry ifFull-year 2026 cash same-store NOI growth is below 6.25%, the low end of guidance.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$72 on $10,000 · ±0.7% | How much price usually moves either way. |
| Bad day | $191 loss on $10,000 · 1.9% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,170 loss on $10,000 · 21.7% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.