First Industrial Realty traded at $60.83 this Friday May 15th, decreasing $0.50 or 0.82 percent since the previous trading session. Looking back, over the last four weeks, First Industrial Realty lost 2.52 percent. Over the last 12 months, its price rose by 18.99 percent. Looking ahead, we forecast First Industrial Realty to be priced at 61.45 by the end of this quarter and at 57.71 in one year, according to Trading Economics global macro models projections and analysts expectations.
First Industrial Realty Trust, Inc. is a self-administered and fully integrated real estate company which owns, manages, acquires, sells, develops, and redevelops industrial real estate. The Company owns approximately 427 industrial properties located in 20 states, containing an aggregate of approximately 61.8 million square feet of gross leasable area, with a diverse base of tenants engaged in a variety of businesses, including manufactured products, third-party logistics and transportation, retail and consumer services, food and beverage, lumber and building materials, e-commerce, wholesale goods, health services, governmental and other. The Company's business objective is to maximize the total return to its stockholders and the Operating Partnership's partners through an increase in cash flows and increases in the value of its properties and operations.