The historical rank and industry rank for First Industrial Realty Trust's Net Margin % or its related term are showing as below:
BSP:F2RT34'
s Net Margin % Range Over the Past 10 Years
Min: 32.07 Med: 44.25 Max: 66.52
Current: 45.98
BSP:F2RT34's Net Margin % is ranked better than 51.34% of 933
companies
in the REITs industry
Industry Median: 45.13
vs BSP:F2RT34: 45.98
First Industrial Realty Trust (BSP:F2RT34) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
First Industrial Realty Trust Net Margin % Related Terms
First Industrial Realty Trust Net Margin % 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.
BSP:F2RT34 vs REXR, CUBE, STAG: Net Margin % Comparison
For the REIT - Industrial subindustry, First Industrial Realty Trust's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, First Industrial Realty Trust's Net Margin % distribution charts can be found below:
* The bar in red indicates where First Industrial Realty Trust's Net Margin % falls into.
* 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 (BSP:F2RT34) has a Net Margin % of 73.45% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on First Industrial Realty Trust and its competitors. This is 66% above median its historical median of 44.25. Over the past decade, First Industrial Realty Trust's Net Margin % has ranged from 32.07 to 66.52. According to the industry distribution chart, First Industrial Realty Trust ranks #454 out of 933 companies in the REITs industry, placing it in the top 48.7%.
Is First Industrial Realty Trust's Net Margin % too high?
First Industrial Realty Trust's current Net Margin % of 73.45% is 66% above median its 10-year median of 44.25. Over the past 10 years, this metric has ranged from a low of 32.07 to a high of 66.52. The REITs industry median Net Margin % is 45.13. First Industrial Realty Trust's value of 73.45% is 62.8% above this industry median. Based on the distribution chart, First Industrial Realty Trust ranks #454 out of 933 companies in the REITs industry, which is above the industry midpoint. 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 Net Margin % compare to REXR and CUBE?
According to the REITs industry distribution chart, First Industrial Realty Trust ranks #454 out of 933 companies for Net Margin %. This puts First Industrial Realty Trust in the upper half of its industry. The industry median Net Margin % is 45.13. First Industrial Realty Trust's value of 73.45% is 62.8% above this benchmark. Historically, First Industrial Realty Trust's own Net Margin % has ranged from 32.07 to 66.52 over the past decade. While the company's 10-year median is 44.25 vs. the industry median of 45.13, First Industrial Realty Trust has consistently been above 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 Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 45.13, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Industrial Realty Trust's current Net Margin % of 73.45% is 62.8% above 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on First Industrial Realty Trust and its competitors. For the REITs industry, the median Net Margin % is 45.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Industrial Realty Trust's current Net Margin % is 73.45%, which is 66% above median its own 10-year median of 44.25. 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 (BSP:F2RT34) is currently considered Fairly Valued. The stock's GF Value™ is R$39.51, compared to a current price of R$40.56 — trading 2.7% above its estimated fair value. The current Net Margin % is 73.45%, which is 66% above median its 10-year median of 44.25 and 62.8% above the REITs industry median of 45.13. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For First Industrial Realty Trust (BSP:F2RT34), the current Net Margin % is 73.45% as of Mar. 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$40.56 is trading 2.7% above its estimated GF Value™ of R$39.51.
GuruFocus considers First Industrial Realty Trust to be Fairly Valued.
Key valuation signals for BSP:F2RT34:
Net Margin %: 73.45% (66% above median its 10-year median of 44.25)
GF Value™: R$39.51 vs. price of R$40.56 (2.7% above fair value)
Industry Position: 62.8% above the REITs median (#454 of 933)
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
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
Get the complete analysis for BSP:F2RT34
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:F2RT34 has been successfully added to your 
