Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 24.71.
Forward PE Ratio (24.71) = Close Price ($61.82) / Consensus Forward EPS ($2.50)
FORWARD PE RATIO
24.71
SECTOR MEDIAN · REAL ESTATE
31.88
median of 37 covered companies
CURRENT VS SECTOR MEDIAN
-22.49%
vs the sector median at left
First Industrial Realty Trust, Inc.
Market Cap
$8.20B
Forward PE Ratio
24.71
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| First Industrial Realty Trust, Inc. (FR) | $8.20B | 24.71 |
| NNN REIT, Inc. (NNN)vs › | $8.49B | 21.73 |
| Agree Realty Corporation (ADC)vs › | $8.81B | 38.16 |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.85B | 34.73 |
| CubeSmart (CUBE)vs › | $8.98B | 25.63 |
| Terreno Realty Corporation (TRNO)vs › | $7.04B | 31.11 |
| Federal Realty Investment Trust (FRT)vs › | $10.13B | 27.48 |
| BXP, Inc. (BXP)vs › | $10.57B | 31.88 |
| Camden Property Trust (CPT)vs › | $10.60B | 98.24 |
| UDR, Inc. (UDR)vs › | $11.63B | 33.85 |
Trailing P/E
22.6
reported TTM EPS
Forward P/E
24.7
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $2.50 implies -8.8% EPS decline vs the reported trailing $2.74.
At today's $61.82 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $2.50 | $2.48 – $2.53 | 4 | 24.7x |
| 2027-12-31 | $1.92 | $1.89 – $1.95 | 5 | 32.3x |
| 2028-12-31 | $1.99 | $1.93 – $2.11 | 3 | 31.0x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
