First Industrial Realty Trust, Inc. (FR) Enterprise Value (EV): $10.67B
The enterprise value (EV) for First Industrial Realty Trust, Inc. (FR) is $10.67B as of Saturday, June 20, 2026.
FR Enterprise Value (EV) Metrics
ENTERPRISE VALUE (EV)
$10.67B
FR Competitors' Enterprise Value (EV)
| NAME | MARKET CAP | ENTERPRISE VALUE (EV) |
|---|---|---|
| First Industrial Realty Trust, Inc. (FR) | $8.19B | $10.67B |
| NNN REIT, Inc. (NNN)vs › | $8.56B | $12.25B |
| Agree Realty Corporation (ADC)vs › | $8.80B | $11.31B |
| Terreno Realty Corporation (TRNO)vs › | $6.84B | $6.93B |
| Federal Realty Investment Trust (FRT)vs › | $10.40B | $13.57B |
| UDR, Inc. (UDR)vs › | $12.20B | $18.27B |
| Opendoor Technologies Inc. (OPEN)vs › | $3.43B | $3.70B |
| Regency Centers Corporation (REG)vs › | $14.08B | $18.89B |
| Kimco Realty Corporation (KIM)vs › | $16.44B | $22.09B |
| Host Hotels & Resorts, Inc. (HST)vs › | $17.13B | $17.15B |
Enterprise Value Calculation
Market Cap
$8.19B
Total Debt
$2.55B
Cash
$78.03M
Enterprise Value
$10.67B
EV-Based Valuation Multiples
Why use EV instead of Market Cap?
- EV accounts for debt - an acquirer must pay or assume it
- EV deducts cash - the acquirer effectively receives it
- EV enables fair comparison of companies with different capital structures
- EV-based ratios (EV/EBITDA, EV/Sales) are capital structure neutral
First Industrial Realty Trust, Inc. Enterprise Value (EV) Formula & Definition
Enterprise Value represents the total value of a company as if you were to acquire it completely - paying for equity while assuming debt and receiving cash.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
First Industrial Realty Trust, Inc. Enterprise Value (EV) FAQ
- What is the enterprise value (EV) for First Industrial Realty Trust, Inc. (FR)?
- The enterprise value (EV) for FR stock is $10.67B.
Related Metrics
About First Industrial Realty Trust, Inc.
First Industrial Realty Trust, Inc. (NYSE: FR) is a preeminent, fully integrated real estate firm specializing in the ownership, operation, and development of industrial properties. The company is recognized for its consistent delivery of market-leading customer service to a diverse clientele, encompassing both global corporations and regional businesses. Operating in significant markets throughout the United States, First Industrial's localized teams skillfully acquire, divest, manage, lease, and either develop new or redevelop existing industrial assets. These assets include large-scale distribution centers, regional logistics facilities, light industrial spaces, and other types of industrial properties. As of September 30, 2020, their combined portfolio of owned and actively developed industrial space amounted to roughly 64.1 million square feet.
- Sector
- Real Estate
- Industry
- REIT - Industrial
- CEO
- Peter E. Baccile