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First Industrial Realty Trust (NYSE:FR) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
First Industrial Realty Trust Equity-to-Asset Related Terms
First Industrial Realty Trust Equity-to-Asset Historical Data
* 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 Equity-to-Asset Chart
FR vs REXR, LINE, CUBE: Equity-to-Asset Comparison
For the REIT - Industrial subindustry, First Industrial Realty Trust's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs REITs Industry
For the REITs industry and Real Estate sector, First Industrial Realty Trust's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where First Industrial Realty Trust's Equity-to-Asset falls into.
First Industrial Realty Trust Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
* 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 (FR) has a Equity-to-Asset of 0.48 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on First Industrial Realty Trust and its competitors. This is near median its historical median of 0.50. Over the past decade, First Industrial Realty Trust's Equity-to-Asset has ranged from 0.44 to 0.53. According to the industry distribution chart, First Industrial Realty Trust ranks #650 out of 935 companies in the REITs industry, placing it in the top 69.5%.
Is First Industrial Realty Trust's Equity-to-Asset too high?
First Industrial Realty Trust's current Equity-to-Asset of 0.48 is near median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 0.53. The REITs industry median Equity-to-Asset is 0.58. First Industrial Realty Trust's value of 0.48 is 17.2% below this industry median. Based on the distribution chart, First Industrial Realty Trust ranks #650 out of 935 companies in the REITs industry, which is below the industry midpoint. Overall, First Industrial Realty Trust has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Industrial Realty Trust's Equity-to-Asset compare to REXR and LINE?
According to the REITs industry distribution chart, First Industrial Realty Trust ranks #650 out of 935 companies for Equity-to-Asset. This places First Industrial Realty Trust in the lower half of its industry. The industry median Equity-to-Asset is 0.58. First Industrial Realty Trust's value of 0.48 is 17.2% below this benchmark. Historically, First Industrial Realty Trust's own Equity-to-Asset has ranged from 0.44 to 0.53 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 0.58, 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 Equity-to-Asset for a REITs company?
The median Equity-to-Asset among REITs companies is 0.58, based on 935 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Industrial Realty Trust's current Equity-to-Asset of 0.48 is 17.2% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on First Industrial Realty Trust and its competitors. For the REITs industry, the median Equity-to-Asset is 0.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Industrial Realty Trust's current Equity-to-Asset is 0.48, which is near median its own 10-year median of 0.50. 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?
Based on GuruFocus' analysis, First Industrial Realty Trust (FR) is currently considered Fairly Valued. The stock's GF Value™ is $62.71, compared to a current price of $62.81 — trading 0.2% above its estimated fair value. The current Equity-to-Asset is 0.48, which is near median its 10-year median of 0.50 and 17.2% below the REITs industry median of 0.58. First Industrial Realty Trust's overall GF Score™ is 80/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For First Industrial Realty Trust (FR), the current Equity-to-Asset is 0.48 as of Jun. 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 (FR) Overvalued in 2026?
Based on GuruFocus' analysis, First Industrial Realty Trust stock appears to be overvalued.
The current stock price of $62.81 is trading 0.2% above its estimated GF Value™ of $62.71.
GuruFocus considers First Industrial Realty Trust to be Fairly Valued.
Key valuation signals for FR:
Equity-to-Asset: 0.48 (near median its 10-year median of 0.50)
GF Value™: $62.71 vs. price of $62.81 (0.2% above fair value)
Industry Position: 17.2% below the REITs median (#650 of 935)
No single metric tells the full story. See the FR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
80GF Score
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