First Industrial Realty Trust, Inc.
FR Real Estate Reit Industrial
First Industrial Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $727.1 million, up 8.58% from fiscal 2024. In the quarter to June 2026, revenue grew 8.20%, EPS grew 38.1%, free cash flow grew 183.1% and total debt rose 7.19%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for ten.
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First Industrial Realty Trust, Inc. (FR) EV/Sales
As of 14 October 2026, First Industrial Realty Trust, Inc. (FR) trades at a EV/Sales of 13.5×. Over the past ten years it has ranged from 9.5× (September 2015) to 21.8× (December 2021); the current reading is higher than 43% of that period. That is above the Reit Industrial industry median of 11.6× and above the Real Estate sector median of 7.4×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 13.8× | 5.37% |
| FY2024 | 13.1× | (12.23%) |
| FY2023 | 15.0× | (2.18%) |
| FY2022 | 15.3× | (28.13%) |
| FY2021 | 21.3× | 40.73% |
| FY2020 | 15.1× | (2.06%) |
| FY2019 | 15.4× | 29.39% |
| FY2018 | 11.9× | (4.19%) |
| FY2017 | 12.5× | 3.37% |
| FY2016 | 12.0× | 14.50% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 13.9× | 1.74% |
| Mar 2026 | 13.7× | (1.06%) |
| Dec 2025 | 13.8× | 7.62% |
| Sep 2025 | 12.9× | 3.13% |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| COLD Americold Realty Trust Inc. compare | 1.7× |
| LINE Lineage, Inc. compare | 2.8× |
| CUBE CubeSmart compare | 10.6× |
| LXP LXP Industrial Trust compare | 11.2× |
| STAG Stag Industrial, Inc. compare | 11.6× |
| REXR Rexford Industrial Realty, Inc. compare | 11.7× |
| FR First Industrial Realty Trust, Inc. | 13.5× |
| TRNO Terreno Realty Corporation compare | 15.6× |
| EGP EastGroup Properties, Inc. compare | 15.9× |
| Reit Industrial industry median | 11.6× |
| Real Estate sector median | 7.4× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)