First Industrial Realty Trust (BSP:F2RT34) EV-to-OCF: 8.21 (As of Aug. 15, 2026) — 69% Below Median

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BSP:F2RT34 First Industrial Realty Trust Inc BSP:F2RT34
89 GF Score
Price R$43.87
GF Value R$43.64
! 8 Warning Signs
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What is First Industrial Realty Trust EV-to-OCF?

First Industrial Realty Trust BSP:F2RT34 89 EV-to-OCF is 8.21 as of Aug. 15, 2026, which is 69% below its 10-year median of 26.71. GuruFocus rates BSP:F2RT34 with a GF Score™ of 89/100 and a GF Value™ of R$43.64. The stock has 8 warning signs investors should review. Among 929 REITs companies, First Industrial Realty Trust ranks worse than 68.57% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, First Industrial Realty Trust's Enterprise Value is R$19,562 Mil. First Industrial Realty Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was R$2,383 Mil. Therefore, First Industrial Realty Trust's EV-to-OCF for today is 8.21.

The historical rank and industry rank for First Industrial Realty Trust's EV-to-OCF or its related term are showing as below:

BSP:F2RT34' s EV-to-OCF Range Over the Past 10 Years
Min: 18.54   Med: 26.71   Max: 40.15
Current: 24.39

During the past 13 years, the highest EV-to-OCF of First Industrial Realty Trust was 40.15. The lowest was 18.54. And the median was 26.71.

BSP:F2RT34's EV-to-OCF is ranked worse than
68.57% of 929 companies
in the REITs industry
Industry Median: 18.21 vs BSP:F2RT34: 24.39

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-08-15), First Industrial Realty Trust's stock price is R$43.87. First Industrial Realty Trust's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was R$14.467. Therefore, First Industrial Realty Trust's PE Ratio (TTM) for today is 3.03.


First Industrial Realty Trust  (BSP:F2RT34) EV-to-OCF Explanation

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

First Industrial Realty Trust's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=43.87/14.467
=3.03

First Industrial Realty Trust's share price for today is R$43.87.
First Industrial Realty Trust's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$14.467.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


First Industrial Realty Trust EV-to-OCF Related Terms


First Industrial Realty Trust EV-to-OCF Historical Data

* Premium members only.

The historical data trend for First Industrial Realty Trust's EV-to-OCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Industrial Realty Trust EV-to-OCF Chart

First Industrial Realty Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.76 20.45 30.32 25.24 22.04

First Industrial Realty Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-OCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.26 22.34 22.04 22.33 23.93

BSP:F2RT34 vs REXR, LINE, CUBE: EV-to-OCF Comparison

For the REIT - Industrial subindustry, First Industrial Realty Trust's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Industrial Realty Trust EV-to-OCF vs REITs Industry

For the REITs industry and Real Estate sector, First Industrial Realty Trust's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where First Industrial Realty Trust's EV-to-OCF falls into.


BSP:F2RT34
89GF Score
First Industrial Realty Trust Inc BSP:F2RT34
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Industrial Realty Trust EV-to-OCF Calculation

First Industrial Realty Trust's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=19562.346/2383.265
=8.21

First Industrial Realty Trust's current Enterprise Value is R$19,562 Mil.
First Industrial Realty Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$2,383 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-OCF →
What does a EV-to-OCF of 8.21 mean?
First Industrial Realty Trust (BSP:F2RT34) has a EV-to-OCF of 8.21 as of Aug. 15, 2026. This is 69% below median its historical median of 26.71. Over the past decade, First Industrial Realty Trust's EV-to-OCF has ranged from 18.54 to 40.15. According to the industry distribution chart, First Industrial Realty Trust ranks #637 out of 929 companies in the REITs industry, placing it in the top 68.6%.
Is First Industrial Realty Trust's EV-to-OCF too high?
First Industrial Realty Trust's current EV-to-OCF of 8.21 is 69% below median its 10-year median of 26.71. Over the past 10 years, this metric has ranged from a low of 18.54 to a high of 40.15. The REITs industry median EV-to-OCF is 18.21. First Industrial Realty Trust's value of 8.21 is 54.9% below this industry median. Based on the distribution chart, First Industrial Realty Trust ranks #637 out of 929 companies in the REITs industry, which is below the industry midpoint. Overall, First Industrial Realty Trust has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does First Industrial Realty Trust's EV-to-OCF compare to REXR and LINE?
According to the REITs industry distribution chart, First Industrial Realty Trust ranks #637 out of 929 companies for EV-to-OCF. This places First Industrial Realty Trust in the lower half of its industry. The industry median EV-to-OCF is 18.21. First Industrial Realty Trust's value of 8.21 is 54.9% below this benchmark. Historically, First Industrial Realty Trust's own EV-to-OCF has ranged from 18.54 to 40.15 over the past decade. While the company's 10-year median is 26.71 vs. the industry median of 18.21, First Industrial Realty Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a REITs company?
The median EV-to-OCF among REITs companies is 18.21, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Industrial Realty Trust's current EV-to-OCF of 8.21 is 54.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median EV-to-OCF is 18.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Industrial Realty Trust's current EV-to-OCF is 8.21, which is 69% below median its own 10-year median of 26.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Industrial Realty Trust stock overvalued right now?
First Industrial Realty Trust (BSP:F2RT34) has a current EV-to-OCF of 8.21. The stock's GF Value™ is R$43.64, compared to a current price of R$43.87 — trading 0.5% above its estimated fair value. The current EV-to-OCF is 8.21, which is 69% below median its 10-year median of 26.71 and 54.9% below the REITs industry median of 18.21. First Industrial Realty Trust's overall GF Score™ is 89/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For First Industrial Realty Trust (BSP:F2RT34), the current EV-to-OCF is 8.21 as of Aug. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Industrial Realty Trust (BSP:F2RT34) Overvalued in 2026?

Based on GuruFocus' analysis, First Industrial Realty Trust stock appears to be overvalued. The current stock price of R$43.87 is trading 0.5% above its estimated GF Value™ of R$43.64.

Key valuation signals for BSP:F2RT34:

  • EV-to-OCF: 8.21 (69% below median its 10-year median of 26.71)
  • GF Value™: R$43.64 vs. price of R$43.87 (0.5% above fair value)
  • GF Score™: 89/100 with 8 warning signs
  • Industry Position: 54.9% below the REITs median (#637 of 929)

No single metric tells the full story. See the BSP:F2RT34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Industrial Realty Trust Business Description

Industry Real EstateREITs
Other Exchanges FR:USAF5W:Germany
Address One North Wacker Drive, Suite 4200, Chicago, IL, USA, 60606
First Industrial Realty Trust Inc is a real estate investment trust that owns, manages, acquires, sells, develops, and redevelops industrial real estate. Through its fully integrated operating and investing platform, the company provides facilities and customer service to multinational corporations and regional firms that are essential for their supply chains. The company serves a diverse tenant base across various sectors, including e-commerce, logistics, transportation, manufacturing, retail, consumer services, food and beverage, building materials, wholesale goods, health services, and government.
89GF Score

Get the complete analysis for BSP:F2RT34

EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$43.87
Price
R$43.64
GF Value