FR First Industrial Realty Trust PE ratio, current and historical analysis
- Stocks
- Real Estate
- NYSE: FR
- PE Ratio
The current P/E ratio for First Industrial Realty Trust stock as of Nov 5, 2025 is 30.91. This is calculated based on the TTM EPS of $1.79 and the stock price of $55.32 per share. The PE ratio has increased by 21% from its last 4 quarters average of 25.5.
FR PE ratio history
The average historical PE ratio of First Industrial Realty Trust for the last ten years is 24.28. The current price-to-earnings ratio of 30.91 is 27% more than the historical average. Analyzing the last ten years, FR's PE ratio reached its highest point in the Dec 2015 quarter at 33.03, when the price was $22.13 and the EPS was $0.67. The lowest point was recorded in the Sep 2022 quarter, when it reached 15.04 with a price of $44.81 and an EPS of $2.98.
First Industrial Realty Trust PE ratio by year
Maximum annual increase: 42.73% in 2023
Maximum annual decrease: -43.98% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 23.1 | -8.77% | $50.13 | $2.17 |
| 2023 | 25.32 | 42.73% | $52.67 | $2.08 |
| 2022 | 17.74 | -43.98% | $48.26 | $2.72 |
| 2021 | 31.67 | 15% | $66.2 | $2.09 |
| 2020 | 27.54 | 25.41% | $42.13 | $1.53 |
| 2019 | 21.96 | -0.32% | $41.51 | $1.89 |
| 2018 | 22.03 | 19.02% | $28.86 | $1.31 |
| 2017 | 18.51 | -30.7% | $31.47 | $1.7 |
| 2016 | 26.71 | -19.13% | $28.05 | $1.05 |
| 2015 | 33.03 | -32.52% | $22.13 | $0.67 |
| 2014 | 48.95 | -32.68% | $20.56 | $0.42 |
| 2013 | 72.71 | N/A | $17.45 | $0.24 |
| 2012 | N/A | N/A | $14.08 | -$0.24 |
| 2011 | N/A | N/A | $10.23 | -$0.34 |
| 2010 | N/A | N/A | $8.76 | -$3.53 |
First Industrial Realty Trust PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Sep 2025 | 28.75 | 22.44% | $51.47 | $1.79 |
| Jun 2025 | 23.48 | -12.09% | $48.13 | $2.05 |
| Mar 2025 | 26.71 | 15.63% | $53.96 | $2.02 |
| Dec 2024 | 23.1 | -3.43% | $50.13 | $2.17 |
| Sep 2024 | 23.92 | 8.73% | $55.98 | $2.34 |
| Jun 2024 | 22 | -8.71% | $47.51 | $2.16 |
| Mar 2024 | 24.1 | -4.82% | $52.54 | $2.18 |
| Dec 2023 | 25.32 | 7.47% | $52.67 | $2.08 |
| Sep 2023 | 23.56 | 6.95% | $47.59 | $2.02 |
| Jun 2023 | 22.03 | 18.82% | $52.64 | $2.39 |
| Mar 2023 | 18.54 | 4.51% | $53.2 | $2.87 |
| Dec 2022 | 17.74 | 17.95% | $48.26 | $2.72 |
| Sep 2022 | 15.04 | -24.91% | $44.81 | $2.98 |
| Jun 2022 | 20.03 | -39.17% | $47.48 | $2.37 |
| Mar 2022 | 32.93 | 3.98% | $61.91 | $1.88 |
FR Price vs fair value
FR average PE ratio chart
FR's current PE ratio is higher than the 3, 5 and 10-year averages.
PE comparison
First Industrial Realty Trust's price to earnings (P/E) of 30.91 is higher than the Real Estate sector and the industry average. Looking at the Real Estate sector average of 24.31, First Industrial Realty Trust's price to earnings (P/E) is 27% higher.
FR PE vs peers
When compared to its peers UDR and ALX, FR's PE ratio is lower, but it is higher than GEO's and UE's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| UE Urban Edge Properties | 20.93 | $2.37B |
| GEO Geo Group Inc | 25.86 | $2.38B |
| FR First Industrial Realty Trust Inc | 30.91 | $7.33B |
| ALX Alexanders Inc | 32.61 | $1.19B |
| UDR UDR Inc | 78.11 | $11.36B |
Frequently asked questions
What is First Industrial Realty Trust's PE ratio?
The price to earnings ratio for FR stock as of Nov 5, 2025, stands at 30.91.
What is the 3-year average PE ratio for First Industrial Realty Trust (FR)?
Over the last 3 years, the average PE ratio for FR stock is 23.27.
What is the 5-year average PE ratio for First Industrial Realty Trust (FR)?
Over the last 5 years, the average PE ratio for FR stock is 24.52.
What is the highest PE ratio for FR?
The highest quarterly PE ratio in the last ten years has been 33.03 and it was in the Dec 2015 quarter.
How does the current PE ratio for FR compare to its historical average?
The current PE ratio of FR is 27% higher than the 10-year historical average.
How is FR's PE ratio calculated (First Industrial Realty Trust PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Nov 5, 2025), First Industrial Realty Trust's share price is $55.32. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2025 is $1.79. Therefore, First Industrial Realty Trust's price to earnings ratio for today is 30.91. PE RATIO(30.91) = STOCK PRICE($55.32) / TTM EPS($1.79)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.