FR (First Industrial Realty Trust) Price-to-Funds-From-Operations: 19.43 (As of Sep. 16, 2026)

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FR First Industrial Realty Trust Inc FR
88 GF Score
Price $62.05
GF Value $62.97
Valuation Fairly Valued
! 5 Warning Signs
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What is First Industrial Realty Trust Price-to-Funds-From-Operations?

First Industrial Realty Trust FR +1.10% 88 Price-to-Funds-From-Operations is 19.43 as of Sep. 16, 2026. GuruFocus rates FR with a GF Score™ of 88/100 and a GF Value™ of $62.97 (Fairly Valued). The stock has 5 warning signs investors should review.

As of today (2026-09-16), First Industrial Realty Trust's share price is $62.045. First Industrial Realty Trust's FFO per Share for the trailing twelve months (TTM) ended in Jun. 2026 was $3.19. Hence, First Industrial Realty Trust's Price-to-Funds-From-Operations Ratio for today is 19.43.


First Industrial Realty Trust  (NYSE:FR) Price-to-Funds-From-Operations Explanation

For common stocks, investors use PE ratio, Price to Earnings raio to compare the valuation of different companies. Price-to-Funds-From-Operations ratio is a comparable measure used in the REIT industry. It's a better way to assess whether a REIT is expensive or cheap relative to peers.


First Industrial Realty Trust Price-to-Funds-From-Operations Related Terms


First Industrial Realty Trust Price-to-Funds-From-Operations Historical Data

* Premium members only.

The historical data trend for First Industrial Realty Trust's Price-to-Funds-From-Operations 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 Price-to-Funds-From-Operations Chart

First Industrial Realty Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Price-to-Funds-From-Operations
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.86 15.52 22.55 19.54 14.84

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
Price-to-Funds-From-Operations 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 16.51 16.83 14.84 14.82 16.08

FR vs REXR, LINE, CUBE: Price-to-Funds-From-Operations Comparison

For the REIT - Industrial subindustry, First Industrial Realty Trust's Price-to-Funds-From-Operations, along with its competitors' market caps and Price-to-Funds-From-Operations 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 Price-to-Funds-From-Operations vs REITs Industry

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

* The bar in red indicates where First Industrial Realty Trust's Price-to-Funds-From-Operations falls into.


FR
88GF Score
First Industrial Realty Trust Inc FR
Price-to-Funds-From-Operations is just one metric. See GF Score™, valuation, warning signs, and more.
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First Industrial Realty Trust Price-to-Funds-From-Operations Calculation

First Industrial Realty Trust's Price-to-Funds-From-Operations ratio for today is calculated as

Price-to-Funds-From-Operations Ratio=Share Price/ FFO per Share (TTM)
=62.045/3.193
=19.43

First Industrial Realty Trust's Share Price of today is $62.045.
First Industrial Realty Trust's FFO per Share 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 $3.19.

* 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.

What does a Price-to-Funds-From-Operations of 19.43 mean?
First Industrial Realty Trust (FR) has a Price-to-Funds-From-Operations of 19.43 as of Sep. 16, 2026.
Is First Industrial Realty Trust's Price-to-Funds-From-Operations too high?
First Industrial Realty Trust's current Price-to-Funds-From-Operations is 19.43. 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 Price-to-Funds-From-Operations compare to REXR and LINE?
First Industrial Realty Trust's Price-to-Funds-From-Operations of 19.43 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Funds-From-Operations for a REITs company?
A good Price-to-Funds-From-Operations depends on the REITs industry context. However, Price-to-Funds-From-Operations 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 Price-to-Funds-From-Operations mean?
A high Price-to-Funds-From-Operations can signal that a stock is expensive relative to its fundamentals. First Industrial Realty Trust's current Price-to-Funds-From-Operations is 19.43. 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 $62.97, compared to a current price of $62.05 — trading 1.5% below its estimated fair value. The current Price-to-Funds-From-Operations is 19.43. First Industrial Realty Trust's overall GF Score™ is 88/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Funds-From-Operations calculated?
Price-to-Funds-From-Operations is calculated from a company's financial statements. For First Industrial Realty Trust (FR), the current Price-to-Funds-From-Operations is 19.43 as of Sep. 16, 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 undervalued. The current stock price of $62.05 is trading 1.5% below its estimated GF Value™ of $62.97. GuruFocus considers First Industrial Realty Trust to be Fairly Valued.

Key valuation signals for FR:

  • Price-to-Funds-From-Operations: 19.43
  • GF Value™: $62.97 vs. price of $62.05 (1.5% below fair value)
  • GF Score™: 88/100 with 5 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

Get the complete analysis for FR

Price-to-Funds-From-Operations is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$62.05
Price
$62.97
GF Value