
FR Stock Forecast & Price Target
FR Analyst Ratings
Bulls say
First Industrial Realty Trust Inc. is well-positioned to benefit from robust industrial fundamentals, with a portfolio that predominantly consists of bulk warehouses strategically located near transportation hubs, catering to high-demand sectors such as manufacturing and distribution. The company is experiencing favorable leasing trends, supported by a strong outlook for occupancy rates and expansion through its sophisticated development platform, which targets projects with attractive risk-adjusted returns. Additionally, the sustained tailwinds for the industrial sector signal positive growth potential, enhancing First Industrial's revenue generation capabilities from its medium-term lease structures.
Bears say
First Industrial Realty Trust Inc is projected to experience a decrease in capital expenditures by 11% to $125 million in 2024, which may indicate a potential slowdown in growth opportunities. The company's guidance reflects a weaker output expectation, with anticipated same-store occupancy trends drifting lower, thereby casting uncertainty on future rental income. Additionally, the risk of negative rent growth in certain markets, combined with a slowed leasing pace, may adversely impact the company's 2024 funds from operations estimates and provoke downward revisions in earnings forecasts.
This aggregate rating is based on analysts' research of First Industrial Realty Trust and is not a guaranteed prediction by Public.com or investment advice.
FR Analyst Forecast & Price Prediction
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