First Industrial: Leasing Trends Support Further Upside
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Seeking Profits5.26K FollowersFollow5ShareSavePlay(9min)CommentsSummaryFirst Industrial Realty Trust remains a "Buy," supported by strong Q4 results, an 8% FFO growth outlook, and a favorable supply-demand environment.FR's portfolio is concentrated in key coastal markets, with robust tenant quality and limited near-term lease maturities, supporting occupancy and rent growth.Dividend yield stands at 3.3%, with a recent 12% increase; healthy coverage and balance sheet underpin ongoing dividend and FFO growth.Expect 11%-13% medium-term total return as FFO and dividends grow, with shares likely to approach $65 over the next year. urfinguss/iStock via Getty Images 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 moderationThis article was written bySeeking Profits5.26K FollowersFollowOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.