First Industrial: Leasing Trends Support Further Upside

2026-02-06 18:21:20 ET

Shares of First Industrial Realty Trust ( FR ) have been a solid performer over the past year, gaining 8%. While tariffs were initially a significant concern given its exposure to West Coast ports, shares have rebounded to a 52-week high thanks to moderation in the trade war and solid underlying results. The company’s Q4 results and outlook added to optimism around the business’s growth prospects. I last covered shares in October , rating First Industrial a “ B uy,” and since then, it has rallied 16%, justifying my rating. With updated financials and such strong performance, now is a good time to revisit FR....

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