FR (First Industrial Realty Trust) Moat Score: 6/10 (As of Jun. 27, 2026)


FR First Industrial Realty Trust Inc FR
88 GF Score
Price $63.58
GF Value $61.94
Valuation Fairly Valued
! 8 Warning Signs
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What is First Industrial Realty Trust Moat Score?

First Industrial Realty Trust FR +0.70% 88 Moat Score is 6 as of Jun. 27, 2026. GuruFocus rates FR with a GF Score™ of 88/100 and a GF Value™ of $61.94 (Fairly Valued). The stock has 8 warning signs investors should review. Among 990 REITs companies, First Industrial Realty Trust ranks better than 98.48% on this metric.

First Industrial Realty Trust has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

First Industrial Realty Trust has Narrow Moat: First Industrial Realty Trust Inc benefits from a strong distribution network and economies of scale in the industrial real estate sector. Its established market presence and strategic property locations provide a competitive edge, but the real estate market's cyclical nature prevents a wide moat classification.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes First Industrial Realty Trust might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

First Industrial Realty Trust  (NYSE:FR) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

First Industrial Realty Trust Moat Score Related Terms

FR vs REXR, CUBE, STAG: Moat Score Comparison

For the REIT - Industrial subindustry, First Industrial Realty Trust's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs REITs Industry

For the REITs industry and Real Estate sector, First Industrial Realty Trust's Moat Score distribution charts can be found below:

* The bar in red indicates where First Industrial Realty Trust's Moat Score falls into.


FR
88GF Score
First Industrial Realty Trust Inc FR
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
First Industrial Realty Trust (FR) has a Moat Score of 6 as of Jun. 27, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, First Industrial Realty Trust ranks #15 out of 990 companies in the REITs industry, placing it in the top 1.5%.
Is First Industrial Realty Trust's Moat Score too high?
First Industrial Realty Trust's current Moat Score is 6. Based on the distribution chart, First Industrial Realty Trust ranks #15 out of 990 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, First Industrial Realty Trust has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Industrial Realty Trust's Moat Score compare to REXR and CUBE?
According to the REITs industry distribution chart, First Industrial Realty Trust ranks #15 out of 990 companies for Moat Score. This places First Industrial Realty Trust in the top 2% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a REITs company?
A good Moat Score depends on the REITs industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. First Industrial Realty Trust's current Moat Score is 6. 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 $61.94, compared to a current price of $63.58 — trading 2.6% above its estimated fair value. The current Moat Score is 6. First Industrial Realty Trust's overall GF Score™ is 88/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For First Industrial Realty Trust (FR), the current Moat Score is 6 as of Jun. 27, 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 $63.58 is trading 2.6% above its estimated GF Value™ of $61.94. GuruFocus considers First Industrial Realty Trust to be Fairly Valued.

Key valuation signals for FR:

  • Moat Score: 6
  • GF Value™: $61.94 vs. price of $63.58 (2.6% above fair value)
  • GF Score™: 88/100 with 8 warning signs

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 Business Description

Industry Real EstateREITs
Other Exchanges F5W: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.
88GF Score

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

$63.58
Price
$61.94
GF Value