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First Industrial Realty Trust, Inc. (FR) EV/Sales Ratio: 14.42x

popular:market cap|pe ratio|revenue|price history|total return
For REITs like First Industrial Realty Trust, Inc., EV/Sales is secondary context: property companies are valued primarily on funds from operations (FFO / AFFO) and price-to-FFO, where heavy non-cash depreciation makes EBITDA-based multiples less informative than for an operating company.

The EV/Sales ratio for First Industrial Realty Trust, Inc. (FR) is 14.42x as of Saturday, June 20, 2026.

EV/EBITDA|P/S Ratio|Revenue|All Metrics

FR EV/Sales Ratio Chart

FR EV/Sales Ratio
14.42x+11.52% 1Y
Zoom

FR Average EV/Sales Ratio Chart

FR Current vs Average EV/Sales Ratio Chart

FR EV/Sales Ratio Metrics

EV/SALES RATIO

14.42x

EV/SALES RATIO AVG TTM

14.08x

EV/SALES RATIO AVG 3Y

14.17x

EV/SALES RATIO AVG 5Y

15.55x

EV/SALES RATIO AVG 10Y

14.58x

EV/SALES RATIO AVG 15Y

13.05x

EV/SALES RATIO AVG 20Y

11.51x

CURRENT VS TTM AVG

+2.45%

CURRENT VS 3Y AVG

+1.79%

CURRENT VS 5Y AVG

-7.29%

CURRENT VS 10Y AVG

-1.10%

CURRENT VS 15Y AVG

+10.51%

CURRENT VS 20Y AVG

+25.33%

FR Competitors' EV/Sales Ratio

NAMEMARKET CAPEV/SALES RATIOTTM3Y5Y
First Industrial Realty Trust, Inc. (FR)$8.19B14.42x14.08x14.17x15.55x
NNN REIT, Inc. (NNN)vs ›$8.56B14.29x14.01x14.17x14.77x
Agree Realty Corporation (ADC)vs ›$8.80B16.11x16.81x16.54x17.62x
Terreno Realty Corporation (TRNO)vs ›$6.84B15.78x15.87x17.38x19.69x
Federal Realty Investment Trust (FRT)vs ›$10.40B11.63x10.72x11.07x11.96x
UDR, Inc. (UDR)vs ›$12.20B10.63x10.93x11.46x13.06x
Opendoor Technologies Inc. (OPEN)vs ›$3.43B0.88x0.98x0.66x1.08x
Regency Centers Corporation (REG)vs ›$14.08B11.49x11.76x11.86x12.21x
Kimco Realty Corporation (KIM)vs ›$16.44B11.35x10.87x11.03x11.97x
Host Hotels & Resorts, Inc. (HST)vs ›$17.13B3.45x2.97x3.03x4.39x

Understanding EV/Sales

Enterprise Value (EV) = Market Cap + Total Debt - Cash

Sales = Total Revenue (TTM)

EV/Sales is commonly used because:

  • It works for unprofitable companies where P/E doesn't apply
  • Revenue is harder to manipulate than earnings
  • It supports comparisons across companies at different profitability stages
  • It is frequently used for software and other revenue-growth-focused companies

Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.

First Industrial Realty Trust, Inc. EV/Sales Ratio Formula & Definition

EV/Sales = Enterprise Value / Revenue (TTM)

Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

First Industrial Realty Trust, Inc. EV/Sales Ratio FAQ

What is the EV/Sales ratio for First Industrial Realty Trust, Inc. (FR)?
The EV/Sales ratio for FR stock is 14.42x.
What is the TTM average EV/Sales ratio for First Industrial Realty Trust, Inc. (FR)?
The TTM average EV/Sales ratio for FR stock is 14.08x.
What is the 3Y average EV/Sales ratio for First Industrial Realty Trust, Inc. (FR)?
The 3Y average EV/Sales ratio for FR stock is 14.17x.
What is the 5Y average EV/Sales ratio for First Industrial Realty Trust, Inc. (FR)?
The 5Y average EV/Sales ratio for FR stock is 15.55x.
What is the 10Y average EV/Sales ratio for First Industrial Realty Trust, Inc. (FR)?
The 10Y average EV/Sales ratio for FR stock is 14.58x.
What is the 15Y average EV/Sales ratio for First Industrial Realty Trust, Inc. (FR)?
The 15Y average EV/Sales ratio for FR stock is 13.05x.
What is the 20Y average EV/Sales ratio for First Industrial Realty Trust, Inc. (FR)?
The 20Y average EV/Sales ratio for FR stock is 11.51x.

First Industrial Realty Trust, Inc. EV/Sales Ratio History

DATEEV/SALES RATIO
2026-06-1814.42x
2026-06-1714.22x
2026-06-1614.60x
2026-06-1514.70x
2026-06-1214.74x
2026-06-1114.60x
2026-06-1014.53x
2026-06-0914.62x
2026-06-0814.26x
2026-06-0514.38x
2026-06-0414.40x
2026-06-0314.17x
2026-06-0214.11x
2026-06-0114.05x
2026-05-2914.43x
2026-05-2814.56x
2026-05-2714.64x
2026-05-2614.82x
2026-05-2214.68x
2026-05-2114.53x
2026-05-2014.50x
2026-05-1914.39x
2026-05-1814.37x
2026-05-1514.25x
2026-05-1414.34x
2026-05-1314.43x
2026-05-1214.53x
2026-05-1114.52x
2026-05-0814.59x
2026-05-0714.53x
2026-05-0614.55x
2026-05-0514.41x
2026-05-0414.29x
2026-05-0114.48x
2026-04-3014.46x
2026-04-2914.35x
2026-04-2814.54x
2026-04-2714.47x
2026-04-2414.34x
2026-04-2314.89x
2026-04-2214.98x
2026-04-2114.95x
2026-04-2015.17x
2026-04-1715.05x
2026-04-1614.81x
2026-04-1514.61x
2026-04-1414.57x
2026-04-1314.45x
2026-04-1014.49x
2026-04-0914.45x
2026-04-0814.41x
2026-04-0714.20x
2026-04-0614.09x
2026-04-0214.13x
2026-04-0114.12x
2026-03-3113.98x
2026-03-3013.87x
2026-03-2713.86x
2026-03-2614.04x
2026-03-2514.06x
2026-03-2413.96x
2026-03-2314.02x
2026-03-2013.82x
2026-03-1914.16x
2026-03-1814.37x
2026-03-1714.52x
2026-03-1614.55x
2026-03-1314.39x
2026-03-1214.40x
2026-03-1114.56x
2026-03-1014.58x
2026-03-0914.46x
2026-03-0614.34x
2026-03-0514.62x
2026-03-0414.82x
2026-03-0314.86x
2026-03-0215.01x
2026-02-2714.94x
2026-02-2615.00x
2026-02-2514.82x
2026-02-2414.77x
2026-02-2314.73x
2026-02-2014.75x
2026-02-1914.50x
2026-02-1814.44x
2026-02-1714.38x
2026-02-1314.17x
2026-02-1214.01x
2026-02-1114.26x
2026-02-1015.33x
2026-02-0915.23x
2026-02-0615.26x
2026-02-0515.26x
2026-02-0415.01x
2026-02-0314.99x
2026-02-0214.84x
2026-01-3014.94x
2026-01-2914.97x
2026-01-2814.72x
2026-01-2714.83x
2026-01-2614.76x
2026-01-2314.82x
2026-01-2214.78x
2026-01-2115.03x
2026-01-2015.09x
2026-01-1615.28x
2026-01-1515.17x
2026-01-1415.15x
2026-01-1315.14x
2026-01-1215.09x
2026-01-0915.16x
2026-01-0815.10x
2026-01-0714.99x
2026-01-0614.89x
2026-01-0515.00x
2026-01-0214.91x
2025-12-3114.80x
2025-12-3014.96x
2025-12-2914.93x
2025-12-2614.98x
2025-12-2415.01x
2025-12-2314.80x
2025-12-2214.90x
2025-12-1914.95x
2025-12-1815.00x
2025-12-1715.04x
2025-12-1614.94x
2025-12-1514.99x
2025-12-1214.97x
2025-12-1115.12x
2025-12-1015.04x
2025-12-0914.79x
2025-12-0814.82x
2025-12-0514.90x
2025-12-0414.70x
2025-12-0314.55x
2025-12-0214.64x
2025-12-0114.75x
2025-11-2814.79x
2025-11-2614.84x
2025-11-2514.75x
2025-11-2414.66x
2025-11-2114.62x
2025-11-2014.43x
2025-11-1914.37x
2025-11-1814.53x
2025-11-1714.50x
2025-11-1414.51x
2025-11-1314.57x
2025-11-1214.58x
2025-11-1114.68x
2025-11-1014.57x
2025-11-0714.61x
2025-11-0614.40x
2025-11-0514.43x
2025-11-0414.38x
2025-11-0314.42x
2025-10-3114.43x
2025-10-3014.53x
2025-10-2914.50x
2025-10-2814.59x
2025-10-2714.67x
2025-10-2414.58x
2025-10-2314.51x
2025-10-2214.50x
2025-10-2114.47x
2025-10-2014.57x
2025-10-1714.40x
2025-10-1613.68x
2025-10-1513.54x
2025-10-1413.21x
2025-10-1313.13x
2025-10-1012.90x
2025-10-0913.09x
2025-10-0813.17x
2025-10-0713.16x
2025-10-0613.14x
2025-10-0313.17x
2025-10-0213.13x
2025-10-0113.24x
2025-09-3013.13x
2025-09-2913.14x
2025-09-2613.11x
2025-09-2513.07x
2025-09-2413.06x
2025-09-2313.20x
2025-09-2213.23x
2025-09-1913.17x
2025-09-1813.29x
2025-09-1713.17x
2025-09-1613.23x
2025-09-1513.21x
2025-09-1213.26x
2025-09-1113.35x
2025-09-1013.05x
2025-09-0913.08x
2025-09-0813.25x
2025-09-0513.27x
2025-09-0413.23x
2025-09-0313.20x
2025-09-0213.09x
2025-08-2913.34x
2025-08-2813.27x
2025-08-2713.31x
2025-08-2613.07x
2025-08-2513.09x
2025-08-2213.14x
2025-08-2112.76x
2025-08-2012.85x
2025-08-1912.96x
2025-08-1812.56x
2025-08-1512.64x
2025-08-1412.57x
2025-08-1312.66x
2025-08-1212.52x
2025-08-1112.39x
2025-08-0812.48x
2025-08-0712.54x
2025-08-0612.50x
2025-08-0512.61x
2025-08-0412.50x
2025-08-0112.45x
2025-07-3112.61x
2025-07-3012.71x
2025-07-2912.86x
2025-07-2812.62x
2025-07-2512.82x
2025-07-2412.87x
2025-07-2313.04x
2025-07-2212.94x
2025-07-2112.82x
2025-07-1812.85x
2025-07-1712.73x
2025-07-1612.97x
2025-07-1512.92x
2025-07-1413.05x
2025-07-1112.99x
2025-07-1012.93x
2025-07-0912.77x
2025-07-0812.82x
2025-07-0712.85x
2025-07-0312.94x
2025-07-0212.99x
2025-07-0112.79x
2025-06-3012.74x
2025-06-2712.90x
2025-06-2612.92x
2025-06-2512.84x
2025-06-2413.20x
2025-06-2313.12x
2025-06-2012.94x
2025-06-1812.93x
2025-06-1712.86x
2025-06-1612.92x
2025-06-1312.99x
2025-06-1213.04x
2025-06-1113.03x
2025-06-1013.08x
2025-06-0913.07x
2025-06-0613.02x

Showing the most recent 260 of 5,032 data points. The chart above shows the full history.

Related Metrics

EV/EBITDAP/S RatioRevenueAll 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.

Chicago, IL
151 employees
www.firstindustrial.com
Real Estate / REIT - Industrial
Sector
Real Estate
Industry
REIT - Industrial
CEO
Peter E. Baccile
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