FR Stock Summary and Trading Ideas (First Industrial Realty Trust | NYSE:FR)

First Industrial Realty Trust Inc is a real estate investment trust that owns, manages, acquires, sells, develops, and redevelops industrial real estate. First Industrial's real estate portfolio is comprised of light industrial properties, which are split between industrial and office space, and bulk warehouse properties generally located in business parks near transportation hubs. While light industrial buildings represent a share of First Industrial's holdings, bulk warehouses make up the majority of its portfolio's square footage. The company derives the vast majority of its revenue from rental income tied to medium-term leases. First Industrial's customers include manufacturing, retail, wholesale trade, distribution, and professional services companies.

First Industrial Realty Trust trades on the NYSE stock market under the symbol FR.

As of December 16, 2024, FR stock price declined to $52.45 with 911,693 million shares trading.

FR has a beta of 0.69, meaning it tends to be less sensitive to market movements. FR has a correlation of 0.17 to the broad based SPY ETF.

FR has a market cap of $6.94 billion. This is considered a Mid Cap stock.

Last quarter First Industrial Realty Trust reported $168 million in Revenue and $.68 earnings per share. This beat revenue expectation by $815,000 and exceeded earnings estimates by $.01.

In the last 3 years, FR traded as high as $66.74 and as low as $40.44.

The top ETF exchange traded funds that FR belongs to (by Net Assets): VNQ, IJH, VTI, VB, VBR.

FR has underperformed the market in the last year with a price return of +3.0% while the SPY ETF gained +30.5%. FR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.2% and -1.9%, respectively, while the SPY returned +8.3% and +0.7%, respectively.

FR support price is $52.18 and resistance is $53.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FR shares will trade within this expected range on the day.