First Industrial Realty Trust Inc
NYSE:FR

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First Industrial Realty Trust Inc
NYSE:FR
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Price: 50.4 USD -0.65%
Market Cap: 6.7B USD
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Relative Value

The Relative Value of one FR stock under the Base Case scenario is 72.11 USD. Compared to the current market price of 50.4 USD, First Industrial Realty Trust Inc is Undervalued by 30%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FR Relative Value
Base Case
72.11 USD
Undervaluation 30%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

10.3
P/S
P/S
Price to Sales
10.3
vs History
80
vs Industry
13
Median 3Y
11.8
Median 5Y
11.8
Industry
3.6
Forward
9.8
More Details
21.8
P/E
P/E
Price to Earnings
21.8
vs History
52
vs Industry
20
Median 3Y
22
Median 5Y
23.3
Industry
16.7
Forward
24.7
More Details
20.9
P/OCF
P/OCF
Price to OCF
20.9
vs History
41
vs Industry
14
Median 3Y
21.9
Median 5Y
21.1
Industry
10.9
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
Median 3Y
-68.1
Median 5Y
-59.1
Industry
13.3
More Details
2.6
P/B
P/B
Price to Book Value
2.6
vs History
73
vs Industry
10
Median 3Y
2.8
Median 5Y
2.8
Industry
0.8
More Details
13.7
EV/S
EV/S
Enterprise Value to Sales
13.7
vs History
82
vs Industry
17
Median 3Y
15.4
Median 5Y
15.2
Industry
6.6
Forward
13
More Details
18.7
EV/GP
EV/GP
Enterprise Value to Gross Profit
18.7
vs History
82
vs Industry
22
Median 3Y
21
Median 5Y
20.9
Industry
11.9
More Details
21.1
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
21.1
vs History
77
vs Industry
22
Median 3Y
23.7
Median 5Y
23.2
Industry
15.8
Forward
19.4
More Details
33.6
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
33.6
vs History
88
vs Industry
15
Median 3Y
38.3
Median 5Y
39.5
Industry
19
Forward
34
More Details
27.9
EV/OCF
EV/OCF
Enterprise Value to OCF
27.9
vs History
39
vs Industry
19
Median 3Y
28.7
Median 5Y
27.9
Industry
18.5
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
Median 3Y
-28.9
Median 5Y
-31.4
Industry
20.1
More Details
1.8
EV/IC
EV/IC
Enterprise Value to IC
1.8
vs History
74
vs Industry
9
Median 3Y
1.9
Median 5Y
1.9
Industry
0.7
More Details

Multiples Across Competitors

FR Competitors Multiples
First Industrial Realty Trust Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
First Industrial Realty Trust Inc
NYSE:FR
6.7B USD 10.3 21.8 21.1 33.6
US
Prologis Inc
NYSE:PLD
95.7B USD 12.1 31.1 23.6 45
AU
Goodman Group
ASX:GMG
69.4B AUD 35 -701.9 131.3 131.3
US
Lineage Inc
NASDAQ:LINE
13.4B USD 1.4 -18.9 8.8 24.4
UK
SEGRO PLC
LSE:SGRO
9.4B GBP 12.7 -935.3 24.9 25.3
SG
Ascendas Real Estate Investment Trust
SGX:A17U
11.2B 0 0 0 0
US
Rexford Industrial Realty Inc
NYSE:REXR
8.3B USD 9.2 31.5 18.8 33.2
US
Eastgroup Properties Inc
NYSE:EGP
7.9B USD 12.7 34.2 21.7 37.9
SG
Mapletree Logistics Trust
SGX:M44U
6.4B 0 0 0 0
SG
Mapletree Industrial Trust
SGX:ME8U
6.2B 0 0 0 0
US
STAG Industrial Inc
NYSE:STAG
6.2B USD 8.2 34.3 16.5 34.9
P/E Multiple
Earnings Growth P/E to Growth
US
First Industrial Realty Trust Inc
NYSE:FR
Average P/E: 30.6
21.8
-15%
N/A
US
Prologis Inc
NYSE:PLD
31.1
0%
N/A
AU
Goodman Group
ASX:GMG
Negative Multiple: -701.9 N/A N/A
US
Lineage Inc
NASDAQ:LINE
Negative Multiple: -18.9 N/A N/A
UK
SEGRO PLC
LSE:SGRO
Negative Multiple: -935.3 N/A N/A
SG
Ascendas Real Estate Investment Trust
SGX:A17U
Not Available
343%
N/A
US
Rexford Industrial Realty Inc
NYSE:REXR
31.5
48%
0.7
US
Eastgroup Properties Inc
NYSE:EGP
34.2
33%
1
SG
Mapletree Logistics Trust
SGX:M44U
Not Available
20%
N/A
SG
Mapletree Industrial Trust
SGX:ME8U
Not Available
271%
N/A
US
STAG Industrial Inc
NYSE:STAG
34.3
-9%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
First Industrial Realty Trust Inc
NYSE:FR
Average EV/EBITDA: 33.3
21.1
35%
0.6
US
Prologis Inc
NYSE:PLD
23.6
28%
0.9
AU
Goodman Group
ASX:GMG
131.3
535%
0.2
US
Lineage Inc
NASDAQ:LINE
8.8
N/A N/A
UK
SEGRO PLC
LSE:SGRO
24.9
30%
0.8
SG
Ascendas Real Estate Investment Trust
SGX:A17U
Not Available
12%
N/A
US
Rexford Industrial Realty Inc
NYSE:REXR
18.8
66%
0.3
US
Eastgroup Properties Inc
NYSE:EGP
21.7
41%
0.5
SG
Mapletree Logistics Trust
SGX:M44U
Not Available
13%
N/A
SG
Mapletree Industrial Trust
SGX:ME8U
Not Available
17%
N/A
US
STAG Industrial Inc
NYSE:STAG
16.5
30%
0.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
First Industrial Realty Trust Inc
NYSE:FR
Average EV/EBIT: 45.7
33.6
27%
1.2
US
Prologis Inc
NYSE:PLD
45
28%
1.6
AU
Goodman Group
ASX:GMG
131.3
527%
0.2
US
Lineage Inc
NASDAQ:LINE
24.4
N/A N/A
UK
SEGRO PLC
LSE:SGRO
25.3
44%
0.6
SG
Ascendas Real Estate Investment Trust
SGX:A17U
Not Available
12%
N/A
US
Rexford Industrial Realty Inc
NYSE:REXR
33.2
73%
0.5
US
Eastgroup Properties Inc
NYSE:EGP
37.9
44%
0.9
SG
Mapletree Logistics Trust
SGX:M44U
Not Available
11%
N/A
SG
Mapletree Industrial Trust
SGX:ME8U
Not Available
14%
N/A
US
STAG Industrial Inc
NYSE:STAG
34.9
22%
1.6

See Also

Summary
FR intrinsic value, competitors valuation, and company profile.
DCF Valuation
FR stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FR stock valuation using valuation multiples.
Wall Street Estimates
FR price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FR stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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