(FR) First Industrial Realty - Ratings and Ratios

First Industrial Realty Trust, Inc. (NYSE: FR) is a prominent U.S.-focused Real Estate Investment Trust (REIT) specializing in the ownership, operation, development, and acquisition of logistics properties. With a robust, integrated platform, FR efficiently manages its industrial assets, catering to both multinational corporations and regional businesses. Their strategic focus on supply-constrained, coastal markets in 15 key metropolitan statistical areas (MSAs) underscores their emphasis on high-demand locations, which can drive rental growth and asset appreciation.

As of September 2024, FRs portfolio encompasses approximately 69 million square feet of industrial space, either owned or under development. This substantial footprint highlights their scale and growth potential in a competitive market. Their concentration on essential supply chain infrastructure positions them to benefit from ongoing logistics demands, a trend reinforced by e-commerce expansion and supply chain restructuring.

From a financial standpoint, FR boasts a market capitalization of about $7.6 billion, situating it as a mid to large-cap REIT. The current P/E ratio of 25.74 and a forward P/E of 36.76 suggest market expectations for significant growth. A price-to-book (P/B) ratio of 2.69 indicates that investors value FRs assets and growth prospects above their book value. The price-to-sales (P/S) ratio of 11.59 reflects efficient revenue generation, aligning with the strong demand for industrial properties.