First Industrial Realty Trust, Inc. (FR)

FR Stock Forecast

Stock Price Forecast

According to 11 professional analysts, the 12-month price target for FR stock ranges from a low of $52 to a high of $64. The average analyst price target of $57.64 forecasts a -0.36% decrease in the stock price over the next year.

Price Target: $57.64 (-0.36%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$52	$57.64	$57	$64
Change	-10.11%	-0.36%	-1.47%	+10.63%

Analyst Ratings

The average analyst rating for FR stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	1	1	1	1	1	1
Buy	5	4	4	4	4	4
Hold	5	5	5	6	6	6
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	11	10	10	11	11	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Vikram Malhorta Mizuho	Mizuho	Buy Maintains $56 → $62	Buy	Maintains	$56 → $62	+7.17%	Dec 4, 2025
Nicholas Yulico Scotiabank	Scotiabank	Hold Maintains $54 → $57	Hold	Maintains	$54 → $57	-1.47%	Nov 10, 2025
Blaine Heck Wells Fargo	Wells Fargo	Hold Maintains $53 → $57	Hold	Maintains	$53 → $57	-1.47%	Oct 27, 2025
Michael Carroll RBC Capital	RBC Capital	Buy Maintains $60 → $64	Buy	Maintains	$60 → $64	+10.63%	Oct 24, 2025
Michael Mueller JP Morgan	JP Morgan	Buy Maintains $58 → $61	Buy	Maintains	$58 → $61	+5.45%	Oct 23, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

745.25M

Increased by 10.87%

from 672.18M

Revenue Next Year

800.86M

Increased by 7.46%

from 745.25M

EPS This Year

1.70

Decreased by -21.44%

from 2.17

EPS Next Year

1.84

Increased by 8.16%

from 1.70

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	447.79M	476.13M	654.87M	618.20M	672.18M	745.25M	800.86M
Revenue Growth	5.24%	6.33%	37.54%	-5.60%	8.73%	10.87%	7.46%
EPS	1.53	2.09	2.72	2.07	2.17	1.70	1.84
EPS Growth	-18.62%	36.43%	30.20%	-23.83%	4.83%	-21.44%	8.16%
Forward PE	-	-	-	-	-	33.94	31.38
No. Analysts	-	-	-	-	-	10	10

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029	2030
High	770.2M	850.0M
Avg	745.3M	800.9M
Low	694.7M	742.8M

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029	2030
High	14.6%	14.1%
Avg	10.9%	7.5%
Low	3.4%	-0.3%

EPS Forecast

EPS	2025	2026	2027	2028	2029	2030
High	1.79	2.19
Avg	1.70	1.84
Low	1.54	1.66

EPS Growth

EPS Growth	2025	2026	2027	2028	2029	2030
High	-17.7%	28.7%
Avg	-21.4%	8.2%
Low	-29.1%	-2.8%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.