Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 24.67 as of 2026-09-18T18:55:38.038Z.
Consensus retrieved: 2026-09-13T22:51:22.433Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-09-18T18:55:38.038Z.
Quote observation: 2026-09-18T18:55:05.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 54eb9073079527f2e0e4f9544803a2af41f289f3b0fe5e80ca1e8fcbb7b52cfb
Forward PE Ratio (24.67) = Dated Quote Price ($61.75) / Consensus Forward EPS ($2.50)
FORWARD PE RATIO
24.67
SECTOR MEDIAN · REAL ESTATE
31.10
median of 37 covered companies
CURRENT VS SECTOR MEDIAN
-20.68%
vs the sector median at left
First Industrial Realty Trust, Inc.
Market Cap
$8.19B
Forward PE Ratio
24.67
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| First Industrial Realty Trust, Inc. (FR) | $8.19B | 24.67 |
| Agree Realty Corporation (ADC)vs › | $8.22B | 36.03 |
| NNN REIT, Inc. (NNN)vs › | $7.93B | 20.28 |
| CubeSmart (CUBE)vs › | $9.01B | 25.82 |
| Terreno Realty Corporation (TRNO)vs › | $6.98B | 31.10 |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $9.47B | 35.84 |
| Federal Realty Investment Trust (FRT)vs › | $9.60B | 26.08 |
| Camden Property Trust (CPT)vs › | $10.05B | 92.97 |
| BXP, Inc. (BXP)vs › | $10.15B | 29.97 |
| UDR, Inc. (UDR)vs › | $10.90B | 31.21 |
Trailing P/E
22.5
reported TTM EPS
Forward P/E
24.7
consensus EPS · fiscal year ending 2026-12-31
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 the dated quote price of $61.75, 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 | 32.2x |
| 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
