FR · NYSE · STOCK
First Industrial Realty Trust (FR) Stock Analysis
$58.78
52W $54.21 – $69.88
59/100
$7.79B
21.4
1.04
Is FR Bullish or Bearish?
Bullish.
Innellis AI committee rates First Industrial Realty Trust (FR) Buy with a composite score of 59/100
, based on 5 analysts with 60% agreement.
Last updated October 16, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +16.25 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -3.75 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case. Portfolio Manager remains cautious — sector concentration is already high (hhi 2739.42). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Dividend yield of 2.9% pays you to wait — Value
- EPS growing 34.2% YoY — Growth
- 5 consecutive earnings beats -- consistent execution — Growth
- Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement — Technical
Bear Case
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 16, 2026
Overall Committee Score
59/100
Agreement
60%
Analysts
5
Conviction
Moderate
Sector Rank
Top 18%
of 80 Real Estate peers
Value Analyst
neutral
58
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ Dividend yield of 2.9% pays you to wait
Growth Analyst
bullish
60
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 34.2% YoY
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
54
/ 100 · High confidence
Mixed or range-bound price action
+ Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement
− MACD histogram negative -- bearish momentum
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2739.42)
Investment Thesis Evolution
Committee score moved marginally from 60.2 to 58.8.
- New bearish signals: 2 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- Bearish pressure eased: 1 signal(s) disappeared.
- Analyst(s) changed stance: Technical Analyst.
Analyst-level changes:
- Portfolio Manager: +1 bearish signal(s).
- Technical Analyst: stance bullish->neutral; score 61->54 (-8); +1 bearish signal(s).
Comparing 2026-10-15 to 2026-10-16 (1 day apart).
Technical Analysis
RSI (14)
36.5
Neutral
MACD Histogram
-0.001
Bearish Momentum
Trend Direction
Sideways
Weekly: Sideways
Market Structure
Mixed
Support
$56.77
Resistance
$63.97
Bollinger %B
0.22
Inside Bands
Price vs Moving Averages
EMA 9
$59.35
Below
EMA 21
$60.02
Below
EMA 50
$61.22
Below
EMA 200
$60.73
Below
Fundamental Analysis
Valuation
85
Growth
75
Profitability
65
Financial Health
39
Cash Flow
70
Valuation
P/E Ratio
21.4×
P/B Ratio
2.80×
PEG Ratio
0.63
Dividend Yield
3.31%
52W High
$69.88
52W Low
$54.21
Quality & Growth
ROE
926.3%
ROA
435.0%
Gross Margin
4774.5%
Operating Margin
4158.8%
Revenue Growth YoY
—
Debt / Equity
0.93
AI Fundamental Assessment
P/E ratio of 21.4 (inexpensive relative to a 15-40x range); Price-to-book of 2.8x; PEG ratio of 0.6 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 9.3%; Return on assets of 4.4%; Net margin of 48.0%; Gross margin of 47.7%; Current ratio of 0.69 (tight short-term liquidity); Debt-to-equity of 0.93; Free cash flow per share is positive (3.09); Most recent quarter beat estimates by 30.0%; 5 consecutive earnings beats; EPS growth decelerating (+83.1% -> -46.3% QoQ); Average YoY EPS growth of 38.1%; Analyst estimates rising over recent quarters
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