First Industrial: Still Attractive Despite Policy Risk

Seeking Profits
4.62K Followers
(10min)

Summary

  • First Industrial Realty has shown solid performance, with a 26% rise in the past year and a 12% return since my last "buy" rating.
  • Despite strong renewal lease signings and a robust balance sheet, elevated interest rates and geopolitical risks could cap FR's upside potential.
  • FR's 2.8% dividend yield, 7+% expected dividend growth, and strong renewal activity support a "buy" rating, targeting 10% long-term returns.
  • Caution is warranted due to potential trade policy impacts and interest rate volatility, but FR remains positioned for solid long-term returns.

Medium wide shot of male warehouse worker checking orders at computer workstation in warehouse

Thomas Barwick

Shares of First Industrial Realty Trust (NYSE:FR) have been a moderate performer over the past year, rising 26%. However, with interest rates remaining fairly elevated and uncertainty around trade flows, the forward outlook may not be as encouraging. I last covered

This article was written by

4.62K Followers
Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such 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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About FR Stock

SymbolLast Price% Chg
EPS
PE
Div Rate
Yield
Short Interest
Market Cap
Volume
Compare to Peers

More on FR

Related Stocks

SymbolLast Price% Chg
FR
--