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First Industrial Realty Trust, Inc. (FR)
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First Industrial Realty Trust, Inc. (FR) PE Ratio: 23.95

Is First Industrial Realty Trust, Inc.’s P/E ratio high or low?

First Industrial Realty Trust, Inc.'s P/E ratio of 23.95 is in line with its 5-year average of 25.05, around the middle of its 5-year range (15.02–35.74).

As of Saturday, June 20, 2026. 15.78% below its 12-month average of 28.44.

PE Ratio (23.95) = Close Price ($61.80) / Diluted TTM EPS ($2.58)

FR PE Ratio Chart

FR PE Ratio
23.95-1.52% 1Y
Zoom

FR Average PE Ratio Chart

FR Current vs Average PE Ratio Chart

FR PE Ratio Metrics

PE RATIO

23.95

PE RATIO AVG TTM

28.44

PE RATIO AVG 3Y

24.02

PE RATIO AVG 5Y

25.05

PE RATIO AVG 10Y

24.97

PE RATIO AVG 15Y

25.85

PE RATIO AVG 20Y

23.69

CURRENT VS TTM AVG

-15.78%

CURRENT VS 3Y AVG

-0.27%

CURRENT VS 5Y AVG

-4.40%

CURRENT VS 10Y AVG

-4.09%

CURRENT VS 15Y AVG

-7.34%

CURRENT VS 20Y AVG

+1.09%

FR Competitors' PE Ratio

NAMEMARKET CAPPE RATIOTTM3Y5Y
First Industrial Realty Trust, Inc. (FR)$8.19B23.9528.4424.0225.05
NNN REIT, Inc. (NNN)vs ›$8.56B21.8420.4519.9023.40
Agree Realty Corporation (ADC)vs ›$8.80B39.3842.3339.1739.13
Terreno Realty Corporation (TRNO)vs ›$6.84B15.7720.4528.6136.81
Federal Realty Investment Trust (FRT)vs ›$10.40B20.7223.9327.9431.55
UDR, Inc. (UDR)vs ›$12.20B25.7372.0274.86149.37
Opendoor Technologies Inc. (OPEN)vs ›$3.43BN/AN/AN/AN/A
Regency Centers Corporation (REG)vs ›$14.08B22.0929.4430.7831.73
Kimco Realty Corporation (KIM)vs ›$16.44B27.7026.4238.0075.89
Host Hotels & Resorts, Inc. (HST)vs ›$17.13B17.2517.4716.9919.23

P/E vs. its own history

At 23.9, P/E is in its normal range, sitting higher than 47% of its 20-year history.

20-year low

0.7

median

24.8

20-year high

535.8

cheaperricher

P/E Comparison

Trailing P/E

23.9

Forward P/E

32.6

Forward P/E Calculation

View All Analyst Estimates

Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.

Calculation:

Current Price

$61.80

÷

Forward EPS (Est.)

$1.89

=

Forward P/E

32.65

Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.

First Industrial Realty Trust, Inc. PE Ratio Formula & Definition

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

First Industrial Realty Trust, Inc. PE Ratio FAQ

What is the P/E ratio for First Industrial Realty Trust, Inc. (FR)?
The P/E ratio for FR stock is 23.95.
Is First Industrial Realty Trust, Inc.'s P/E ratio high or low?
First Industrial Realty Trust, Inc.'s P/E ratio of 23.95 is in line with its 5-year average of 25.05, around the middle of its 5-year range (15.02–35.74).
What is the TTM average P/E ratio for First Industrial Realty Trust, Inc. (FR)?
The TTM average P/E ratio for FR stock is 28.44.
What is the 3Y average P/E ratio for First Industrial Realty Trust, Inc. (FR)?
The 3Y average P/E ratio for FR stock is 24.02.
What is the 5Y average P/E ratio for First Industrial Realty Trust, Inc. (FR)?
The 5Y average P/E ratio for FR stock is 25.05.
What is the 10Y average P/E ratio for First Industrial Realty Trust, Inc. (FR)?
The 10Y average P/E ratio for FR stock is 24.97.
What is the 15Y average P/E ratio for First Industrial Realty Trust, Inc. (FR)?
The 15Y average P/E ratio for FR stock is 25.85.
What is the 20Y average P/E ratio for First Industrial Realty Trust, Inc. (FR)?
The 20Y average P/E ratio for FR stock is 23.69.

First Industrial Realty Trust, Inc. PE Ratio History

DATEPE RATIO
2026-06-1823.95
2026-06-1723.53
2026-06-1624.34
2026-06-1524.56
2026-06-1224.64
2026-06-1124.34
2026-06-1024.19
2026-06-0924.39
2026-06-0823.60
2026-06-0523.87
2026-06-0423.91
2026-06-0323.41
2026-06-0223.28
2026-06-0123.14
2026-05-2923.98
2026-05-2824.25
2026-05-2724.44
2026-05-2624.82
2026-05-2224.53
2026-05-2124.20
2026-05-2024.14
2026-05-1923.89
2026-05-1823.84
2026-05-1523.58
2026-05-1423.77
2026-05-1323.98
2026-05-1224.18
2026-05-1124.18
2026-05-0824.32
2026-05-0724.19
2026-05-0624.23
2026-05-0523.93
2026-05-0423.67
2026-05-0124.09
2026-04-3024.03
2026-04-2923.79
2026-04-2824.22
2026-04-2724.06
2026-04-2423.79
2026-04-2333.79
2026-04-2234.06
2026-04-2133.98
2026-04-2034.62
2026-04-1734.27
2026-04-1633.55
2026-04-1532.97
2026-04-1432.85
2026-04-1332.49
2026-04-1032.62
2026-04-0932.51
2026-04-0832.38
2026-04-0731.75
2026-04-0631.42
2026-04-0231.54
2026-04-0131.53
2026-03-3131.10
2026-03-3030.78
2026-03-2730.74
2026-03-2631.27
2026-03-2531.34
2026-03-2431.06
2026-03-2331.22
2026-03-2030.65
2026-03-1931.63
2026-03-1832.25
2026-03-1732.71
2026-03-1632.79
2026-03-1332.32
2026-03-1232.35
2026-03-1132.82
2026-03-1032.87
2026-03-0932.54
2026-03-0632.18
2026-03-0533.01
2026-03-0433.58
2026-03-0333.69
2026-03-0234.14
2026-02-2733.95
2026-02-2634.13
2026-02-2533.60
2026-02-2433.45
2026-02-2333.33
2026-02-2033.38
2026-02-1932.65
2026-02-1832.47
2026-02-1732.28
2026-02-1331.68
2026-02-1231.19
2026-02-1131.92
2026-02-1033.60
2026-02-0933.31
2026-02-0633.40
2026-02-0533.38
2026-02-0432.65
2026-02-0332.56
2026-02-0232.13
2026-01-3032.42
2026-01-2932.50
2026-01-2831.77
2026-01-2732.08
2026-01-2631.89
2026-01-2332.08
2026-01-2231.96
2026-01-2132.70
2026-01-2032.87
2026-01-1633.46
2026-01-1533.13
2026-01-1433.04
2026-01-1333.02
2026-01-1232.89
2026-01-0933.08
2026-01-0832.90
2026-01-0732.59
2026-01-0632.27
2026-01-0532.60
2026-01-0232.35
2025-12-3131.99
2025-12-3032.48
2025-12-2932.41
2025-12-2632.56
2025-12-2432.64
2025-12-2332.02
2025-12-2232.30
2025-12-1932.46
2025-12-1832.62
2025-12-1732.74
2025-12-1632.41
2025-12-1532.59
2025-12-1232.51
2025-12-1132.98
2025-12-1032.73
2025-12-0931.97
2025-12-0832.06
2025-12-0532.32
2025-12-0431.72
2025-12-0331.25
2025-12-0231.51
2025-12-0131.85
2025-11-2831.98
2025-11-2632.13
2025-11-2531.85
2025-11-2431.60
2025-11-2131.46
2025-11-2030.88
2025-11-1930.72
2025-11-1831.20
2025-11-1731.11
2025-11-1431.13
2025-11-1331.32
2025-11-1231.36
2025-11-1131.64
2025-11-1031.30
2025-11-0731.44
2025-11-0630.80
2025-11-0530.91
2025-11-0430.75
2025-11-0330.87
2025-10-3130.88
2025-10-3031.19
2025-10-2931.10
2025-10-2831.37
2025-10-2731.60
2025-10-2431.34
2025-10-2331.13
2025-10-2231.09
2025-10-2131.01
2025-10-2031.31
2025-10-1730.79
2025-10-1626.55
2025-10-1526.18
2025-10-1425.33
2025-10-1325.11
2025-10-1024.52
2025-10-0925.02
2025-10-0825.21
2025-10-0725.20
2025-10-0625.16
2025-10-0325.22
2025-10-0225.12
2025-10-0125.40
2025-09-3025.11
2025-09-2925.14
2025-09-2625.06
2025-09-2524.97
2025-09-2424.94
2025-09-2325.29
2025-09-2225.37
2025-09-1925.22
2025-09-1825.53
2025-09-1725.23
2025-09-1625.38
2025-09-1525.32
2025-09-1225.46
2025-09-1125.68
2025-09-1024.92
2025-09-0925.00
2025-09-0825.43
2025-09-0525.49
2025-09-0425.38
2025-09-0325.30
2025-09-0225.01
2025-08-2925.66
2025-08-2825.49
2025-08-2725.58
2025-08-2624.96
2025-08-2525.01
2025-08-2225.16
2025-08-2124.17
2025-08-2024.40
2025-08-1924.68
2025-08-1823.66
2025-08-1523.85
2025-08-1423.67
2025-08-1323.91
2025-08-1223.55
2025-08-1123.21
2025-08-0823.44
2025-08-0723.59
2025-08-0623.49
2025-08-0523.78
2025-08-0423.49
2025-08-0123.36
2025-07-3123.77
2025-07-3024.03
2025-07-2924.42
2025-07-2823.80
2025-07-2524.31
2025-07-2424.45
2025-07-2324.90
2025-07-2224.64
2025-07-2124.33
2025-07-1824.39
2025-07-1724.08
2025-07-1624.41
2025-07-1524.28
2025-07-1424.62
2025-07-1124.47
2025-07-1024.30
2025-07-0923.89
2025-07-0824.02
2025-07-0724.10
2025-07-0324.34
2025-07-0224.46
2025-07-0123.95
2025-06-3023.83
2025-06-2724.23
2025-06-2624.29
2025-06-2524.07
2025-06-2425.00
2025-06-2324.81
2025-06-2024.33
2025-06-1824.32
2025-06-1724.14
2025-06-1624.27
2025-06-1324.47
2025-06-1224.59
2025-06-1124.56
2025-06-1024.68
2025-06-0924.68
2025-06-0624.53

Showing the most recent 260 of 3,778 data points. The chart above shows the full history.

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
Real Estate / REIT - Industrial
Sector
Real Estate
Industry
REIT - Industrial
CEO
Peter E. Baccile