For the third quarter of 2026, First Industrial Realty Trust is expected to report consensus revenue of $196.29 million and FFO per share of $0.80, with the stock currently trading at $58.76 against an average analyst price target of $71.50.
Investors are primarily focused on cash rental rate spreads to determine if the massive 39% mark-to-market gains seen in previous quarters can be sustained in the current industrial logistics environment.
Supporting this outlook, the company recently raised its full-year 2026 FFO guidance to a range of $3.12–$3.20, driven by strong leasing momentum in major hubs like Philadelphia and Central Pennsylvania. Analysts will also be closely monitoring in-service occupancy levels, which management expects to remain stable between 94% and 95%.