First Industrial Realty Trust: Quality But Too Expensive

Summary

• First Industrial Realty Trust has had a generally positive operating history, and it is focused on the right markets.
• The overall fundamentals of the enterprise are favorable for investors, and it is likely to do well in the long run.
• But shares just look pricey here and likely imply limited upside near term.
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While the industrial industries are not looked upon particularly favorably these days in America, the fact remains the space is large and continues to grow. Naturally, this would welcome the entrance of firms, many of them REITs, that are seeking to benefit from this opportunity. By

Analyst’s Disclosure:I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.