Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 26.56 as of Tuesday, August 4, 2026.
Forward PE Ratio (26.56) = Close Price ($64.52) / Consensus Forward EPS ($2.47)
FORWARD PE RATIO
26.56
SECTOR MEDIAN · REAL ESTATE
35.60
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
-25.39%
vs the sector median at left
First Industrial Realty Trust, Inc.
Market Cap
$8.55B
Forward PE Ratio
26.56
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| First Industrial Realty Trust, Inc. (FR) | $8.55B | 26.56 |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.88B | 24.67 |
| NNN REIT, Inc. (NNN)vs › | $8.93B | 23.45 |
| Agree Realty Corporation (ADC)vs › | $9.16B | 39.65 |
| CubeSmart (CUBE)vs › | $9.42B | 28.36 |
| Terreno Realty Corporation (TRNO)vs › | $7.51B | 36.83 |
| Federal Realty Investment Trust (FRT)vs › | $10.57B | 30.87 |
| Camden Property Trust (CPT)vs › | $11.02B | 98.64 |
| BXP, Inc. (BXP)vs › | $11.20B | 34.37 |
| CoStar Group, Inc. (CSGP)vs › | $12.03B | N/A |
Trailing P/E
23.9
reported TTM EPS
Forward P/E
26.6
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $2.47 implies -9.9% EPS decline vs the reported trailing $2.74.
At today's $64.52 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 | $2.47 | $2.44 – $2.50 | 3 | 26.2x |
| 2027-12-31 | $1.91 | $1.88 – $1.94 | 4 | 33.8x |
| 2028-12-31 | $1.97 | $1.88 – $2.05 | 2 | 32.8x |
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
