FR Stock Forecast & Price Target

First Industrial Realty Trust Inc. is expected to achieve significant annualized accretion of $0.22 per share once stabilized, with projected increases of $0.07 per share in 2026 and $0.15 per share in 2027, indicating a positive growth trajectory. Management remains optimistic about the long-term fundamentals in key markets such as Miami, which could lead to greater occupancy rates and quicker lease-ups as demand recovers. Additionally, anticipated stabilization of cap rates around the 5.0% range, coupled with regulatory challenges in construction, suggests that market dynamics might favor First Industrial Realty's strategic positioning and asset performance in the coming years.

The financial outlook for First Industrial Realty Trust Inc. appears negative due to signs of slowing rent growth in various markets, which has already turned negative in some areas. Additionally, the potential contraction of economic activity could adversely impact the multi-year supply chain build-outs that larger businesses are currently executing, possibly leading to reduced demand for industrial real estate. Furthermore, despite achieving approximately 32% cash lease spreads in 2025, estimates suggest this figure may decline to around 30% in 2026, indicating weakening market fundamentals.