First Industrial Realty Trust, Inc.
First Industrial Realty Trust, Inc. Fundamental Analysis
First Industrial Realty Trust, Inc. (FR) shows moderate financial fundamentals with a PE ratio of 24.05, profit margin of 45.99%, and ROE of 12.77%. The company generates $0.7B in annual revenue with moderate year-over-year growth of 8.58%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 61.8/100 based on profitability, valuation, growth, and balance sheet metrics. The C+ grade reflects average fundamentals, with notable risks in certain areas.
Fundamental Health Score
We analyze FR's fundamental strength across five key dimensions:
Efficiency Score
WeakFR struggles to generate sufficient returns from assets.
Valuation Score
ExcellentFR trades at attractive valuation levels.
Growth Score
ModerateFR shows steady but slowing expansion.
Financial Health Score
ModerateFR shows balanced financial health with some risks.
Profitability Score
ModerateFR maintains healthy but balanced margins.
Key Financial Metrics
Is FR Expensive or Cheap?
P/E Ratio
FR trades at 24.05 times earnings. This indicates a fair valuation.
PEG Ratio
When adjusting for growth, FR's PEG of 0.85 indicates potential undervaluation.
Price to Book
The market values First Industrial Realty Trust, Inc. at 2.99 times its book value. This may indicate undervaluation.
EV/EBITDA
Enterprise value stands at 12.61 times EBITDA. This signals the market has high growth expectations.
How Well Does FR Make Money?
Net Profit Margin
For every $100 in sales, First Industrial Realty Trust, Inc. keeps $45.99 as profit after all expenses.
Operating Margin
Core operations generate 38.28 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $12.77 in profit for every $100 of shareholder equity.
ROA
First Industrial Realty Trust, Inc. generates $5.93 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
First Industrial Realty Trust, Inc. generates strong operating cash flow of $483.40M, reflecting robust business health.
Free Cash Flow
First Industrial Realty Trust, Inc. generates strong free cash flow of $483.40M, providing ample flexibility for dividends, buybacks, or growth.
FCF Per Share
Each share generates $3.65 in free cash annually.
FCF Yield
FR converts 5.87% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
24.05
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
0.85
vs 25 benchmark
P/B Ratio
Price to book value ratio
2.99
vs 25 benchmark
P/S Ratio
Price to sales ratio
11.07
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.00
vs 25 benchmark
Current Ratio
Current assets to current liabilities
0.00
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.13
vs 25 benchmark
ROA
Return on assets percentage
0.06
vs 25 benchmark
ROCE
Return on capital employed
0.05
vs 25 benchmark
How FR Stacks Against Its Sector Peers
| Metric | FR Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 24.05 | 23.26 | Neutral |
| ROE | 12.77% | 703.00% | Weak |
| Net Margin | 45.99% | -37590.00% (disorted) | Strong |
| Debt/Equity | 0.00 | -20.93 (disorted) | Distorted |
| Current Ratio | 0.00 | 16.35 | Weak Liquidity |
| ROA | 5.93% | -935.00% (disorted) | Weak |
FR outperforms its industry in 1 out of 6 key metrics, particularly excelling in Net Margin, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews First Industrial Realty Trust, Inc.'s 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
56.56%
Industry Style: Income, Inflation Hedge, REIT
High GrowthEPS CAGR
18.36%
Industry Style: Income, Inflation Hedge, REIT
High GrowthFCF CAGR
84.51%
Industry Style: Income, Inflation Hedge, REIT
High Growth