First Industrial Realty Stock Probability Of Bankruptcy

FR Stock

USD 50.37 0.45 0.89%

First Industrial's odds of distress is under 33% at this time. It has slight probability of undergoing some form of financial straits in the near future. First Industrial's Probability of distress is determined by interpolating and adjusting First Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the First balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out First Industrial Piotroski F Score and First Industrial Altman Z Score analysis.

As of 12/27/2024, Market Cap is likely to grow to about 8.1 B. Also, Enterprise Value is likely to grow to about 9.6 B

First Industrial Realty Company probability of distress Analysis

First Industrial's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.

Probability Of Bankruptcy

Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current First Industrial Probability Of Bankruptcy

Less than 33%

Most of First Industrial's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, First Industrial Realty is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Our calculation of First Industrial probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting First Industrial odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of First Industrial Realty financial health.

Is Diversified REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Industrial. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Industrial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.324

Dividend Share

1.43

Earnings Share

2.32

Revenue Per Share

4.953

Quarterly Revenue Growth

0.075

The market value of First Industrial Realty is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Industrial's value that differs from its market value or its book value, called intrinsic value, which is First Industrial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Industrial's market value can be influenced by many factors that don't directly affect First Industrial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between First Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Industrial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

First Probability Of Bankruptcy Driver Correlations

Understanding the fundamental principles of building solid financial models for First Industrial is extremely important. It helps to project a fair market value of First Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since First Industrial's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of First Industrial's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of First Industrial's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Total Liab	Accounts Payable	Net Receivables	Total Current Assets	Common Stock	Long Term Debt	Short Term Investments	Intangible Assets	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Long Term Investments	Short Term Debt	Property Plant Equipment	Total Permanent Equity	Deferred Long Term Liab	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock	Current Deferred Revenue
Total Assets		0.98	0.93	0.41	0.97	-0.32	0.77	0.7	0.81	0.79	0.28	-0.82	0.9	0.76	0.86	-0.21	-0.41	0.73	0.43	0.26	-0.72	0.68	0.83	-0.07	0.43	0.68
Total Stockholder Equity	0.98		0.84	0.45	0.9	-0.21	0.73	0.77	0.79	0.76	0.41	-0.77	0.93	0.75	0.89	-0.16	-0.38	0.76	0.5	0.26	-0.79	0.66	0.82	0.05	0.37	0.66
Net Debt	0.93	0.84		0.22	0.99	-0.51	0.69	0.5	0.78	0.71	0.05	-0.85	0.73	0.67	0.71	-0.3	-0.41	0.58	0.24	0.24	-0.49	0.56	0.71	-0.21	0.38	0.6
Retained Earnings	0.41	0.45	0.22		0.32	0.61	0.64	0.24	-0.14	0.76	0.07	0.11	0.72	0.77	0.74	0.37	-0.49	0.65	0.63	0.05	-0.65	0.76	0.83	-0.36	0.75	0.8
Total Liab	0.97	0.9	0.99	0.32		-0.42	0.75	0.6	0.78	0.78	0.13	-0.84	0.81	0.73	0.78	-0.26	-0.41	0.65	0.32	0.24	-0.6	0.65	0.79	-0.16	0.45	0.66
Accounts Payable	-0.32	-0.21	-0.51	0.61	-0.42		-0.12	-0.11	-0.68	0.15	-0.08	0.76	0.07	0.24	0.04	0.53	-0.06	0.16	0.2	-0.19	-0.05	0.1	0.16	-0.04	0.11	0.18
Net Receivables	0.77	0.73	0.69	0.64	0.75	-0.12		0.52	0.51	0.75	0.11	-0.59	0.8	0.66	0.83	-0.34	-0.55	0.63	0.45	0.34	-0.69	0.8	0.85	-0.38	0.79	0.8
Total Current Assets	0.7	0.77	0.5	0.24	0.6	-0.11	0.52		0.7	0.47	0.59	-0.61	0.65	0.39	0.54	-0.32	-0.03	0.46	0.32	0.12	-0.72	0.46	0.51	0.55	0.16	0.29
Common Stock	0.81	0.79	0.78	-0.14	0.78	-0.68	0.51	0.7		0.31	0.41	-0.96	0.55	0.29	0.51	-0.54	-0.11	0.42	0.1	0.36	-0.48	0.28	0.37	0.23	0.02	0.22
Long Term Debt	0.79	0.76	0.71	0.76	0.78	0.15	0.75	0.47	0.31		0.07	-0.38	0.86	0.94	0.84	0.13	-0.58	0.69	0.51	0.01	-0.69	0.87	0.95	-0.29	0.67	0.83
Short Term Investments	0.28	0.41	0.05	0.07	0.13	-0.08	0.11	0.59	0.41	0.07		-0.3	0.31	0.05	0.3	0.11	0.11	0.22	0.34	0.05	-0.69	0.16	0.11	0.66	-0.04	-0.03
Intangible Assets	-0.82	-0.77	-0.85	0.11	-0.84	0.76	-0.59	-0.61	-0.96	-0.38	-0.3		-0.53	-0.3	-0.53	0.53	0.18	-0.37	-0.14	-0.3	0.46	-0.36	-0.42	-0.06	-0.2	-0.34
Net Tangible Assets	0.9	0.93	0.73	0.72	0.81	0.07	0.8	0.65	0.55	0.86	0.31	-0.53		0.89	0.97	0.02	-0.48	0.83	0.62	0.21	-0.82	0.79	0.94	-0.14	0.52	0.76
Long Term Debt Total	0.76	0.75	0.67	0.77	0.73	0.24	0.66	0.39	0.29	0.94	0.05	-0.3	0.89		0.85	0.23	-0.51	0.82	0.45	0.05	-0.64	0.8	0.93	-0.3	0.53	0.77
Capital Surpluse	0.86	0.89	0.71	0.74	0.78	0.04	0.83	0.54	0.51	0.84	0.3	-0.53	0.97	0.85		0.03	-0.49	0.77	0.61	0.23	-0.82	0.8	0.94	-0.25	0.6	0.81
Long Term Investments	-0.21	-0.16	-0.3	0.37	-0.26	0.53	-0.34	-0.32	-0.54	0.13	0.11	0.53	0.02	0.23	0.03		0.16	0.16	0.37	-0.32	-0.08	0.16	0.06	0.02	0.04	0.01
Short Term Debt	-0.41	-0.38	-0.41	-0.49	-0.41	-0.06	-0.55	-0.03	-0.11	-0.58	0.11	0.18	-0.48	-0.51	-0.49	0.16		-0.35	-0.3	-0.06	0.38	-0.35	-0.56	0.6	-0.52	-0.66
Property Plant Equipment	0.73	0.76	0.58	0.65	0.65	0.16	0.63	0.46	0.42	0.69	0.22	-0.37	0.83	0.82	0.77	0.16	-0.35		0.38	0.3	-0.66	0.65	0.8	-0.16	0.43	0.67
Total Permanent Equity	0.43	0.5	0.24	0.63	0.32	0.2	0.45	0.32	0.1	0.51	0.34	-0.14	0.62	0.45	0.61	0.37	-0.3	0.38		-0.02	-0.65	0.57	0.56	-0.07	0.49	0.48
Deferred Long Term Liab	0.26	0.26	0.24	0.05	0.24	-0.19	0.34	0.12	0.36	0.01	0.05	-0.3	0.21	0.05	0.23	-0.32	-0.06	0.3	-0.02		-0.16	0.09	0.18	-0.15	0.15	0.24
Short Long Term Debt	-0.72	-0.79	-0.49	-0.65	-0.6	-0.05	-0.69	-0.72	-0.48	-0.69	-0.69	0.46	-0.82	-0.64	-0.82	-0.08	0.38	-0.66	-0.65	-0.16		-0.74	-0.76	-0.16	-0.56	-0.61
Cash And Equivalents	0.68	0.66	0.56	0.76	0.65	0.1	0.8	0.46	0.28	0.87	0.16	-0.36	0.79	0.8	0.8	0.16	-0.35	0.65	0.57	0.09	-0.74		0.87	-0.25	0.78	0.72
Net Invested Capital	0.83	0.82	0.71	0.83	0.79	0.16	0.85	0.51	0.37	0.95	0.11	-0.42	0.94	0.93	0.94	0.06	-0.56	0.8	0.56	0.18	-0.76	0.87		-0.33	0.73	0.9
Net Working Capital	-0.07	0.05	-0.21	-0.36	-0.16	-0.04	-0.38	0.55	0.23	-0.29	0.66	-0.06	-0.14	-0.3	-0.25	0.02	0.6	-0.16	-0.07	-0.15	-0.16	-0.25	-0.33		-0.53	-0.52
Capital Stock	0.43	0.37	0.38	0.75	0.45	0.11	0.79	0.16	0.02	0.67	-0.04	-0.2	0.52	0.53	0.6	0.04	-0.52	0.43	0.49	0.15	-0.56	0.78	0.73	-0.53		0.83
Current Deferred Revenue	0.68	0.66	0.6	0.8	0.66	0.18	0.8	0.29	0.22	0.83	-0.03	-0.34	0.76	0.77	0.81	0.01	-0.66	0.67	0.48	0.24	-0.61	0.72	0.9	-0.52	0.83

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The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.

Competition

Predict First Industrial

Based on the latest financial disclosure, First Industrial Realty has a Probability Of Bankruptcy of 33.0%. This is 22.84% lower than that of the Diversified REITs sector and significantly higher than that of the Real Estate industry. The probability of bankruptcy for all United States stocks is 17.15% higher than that of the company.

First Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses First Industrial's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of First Industrial could also be used in its relative valuation, which is a method of valuing First Industrial by comparing valuation metrics of similar companies.

First Industrial is currently under evaluation in probability of bankruptcy category among its peers.

First Industrial Main Bankruptcy Drivers

	2019	2020	2021	2022	2023	2024 (projected)
Return On Assets	0.0679	0.0517	0.0648	0.0538	0.0531	0.0558
Net Debt	1.5B	1.5B	1.6B	2.0B	2.2B	1.5B
Total Current Liabilities	303.2M	154.0M	269.3M	363.1M	178.6M	197.1M
Non Current Liabilities Total	1.4B	1.7B	1.7B	2.1B	2.4B	1.6B
Total Assets	3.5B	3.8B	4.2B	5.0B	5.2B	3.1B
Total Current Assets	421.8M	424.9M	318.7M	475.3M	198.9M	143.6M
Total Cash From Operating Activities	245.6M	241.1M	267.0M	410.9M	304.8M	159.9M

First Industrial ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, First Industrial's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to First Industrial's managers, analysts, and investors.

Environmental

Governance

Social

First Fundamentals

	Return On Equity	0.12
	Return On Asset	0.0323
	Profit Margin	0.47 %
	Operating Margin	0.42 %
	Current Valuation	8.87 B
	Shares Outstanding	132.35 M
	Shares Owned By Insiders	0.49 %
	Shares Owned By Institutions	98.09 %
	Number Of Shares Shorted	1.78 M
	Price To Earning	16.87 X
	Price To Book	2.56 X
	Price To Sales	10.59 X
	Revenue	614.03 M
	Gross Profit	395.27 M
	EBITDA	413.32 M
	Net Income	285.84 M
	Cash And Equivalents	133.24 M
	Cash Per Share	1.11 X
	Total Debt	2.25 B
	Debt To Equity	0.81 %
	Current Ratio	1.86 X
	Book Value Per Share	19.89 X
	Cash Flow From Operations	304.81 M
	Short Ratio	2.11 X
	Earnings Per Share	2.32 X
	Price To Earnings To Growth	3.74 X
	Target Price	58.06
	Number Of Employees	156
	Beta	1.09
	Market Capitalization	6.94 B
	Total Asset	5.18 B
	Retained Earnings	127.71 M
	Working Capital	(84.48 M)
	Current Asset	32.6 M
	Current Liabilities	148.66 M
	Annual Yield	0.03 %
	Five Year Return	2.35 %
	Net Asset	5.18 B
	Last Dividend Paid	1.43

About First Industrial Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze First Industrial Realty's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of First Industrial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of First Industrial Realty based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with First Industrial

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Industrial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Industrial will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

0.89

Realty Income

Pair Corr

Moving against First Stock

0.57	EQIX	Equinix	Pair Corr
0.53	AHR	American Healthcare REIT,	Pair Corr
0.45	PK	Park Hotels Resorts	Pair Corr
0.42	AKR	Acadia Realty Trust	Pair Corr
0.35	UE	Urban Edge Properties	Pair Corr

The ability to find closely correlated positions to First Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Industrial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Industrial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Industrial Realty to buy it.

The correlation of First Industrial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Industrial Realty moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for First Industrial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for First Stock Analysis

When running First Industrial's price analysis, check to measure First Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Industrial is operating at the current time. Most of First Industrial's value examination focuses on studying past and present price action to predict the probability of First Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Industrial's price. Additionally, you may evaluate how the addition of First Industrial to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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First Industrial Realty Stock Probability Of Bankruptcy

First Industrial Realty Company probability of distress Analysis

Probability Of Bankruptcy

Normalized

Z-Score

Current First Industrial Probability Of Bankruptcy

First Probability Of Bankruptcy Driver Correlations

First Probability Of Bankruptcy Peer Comparison

First Industrial Main Bankruptcy Drivers

First Industrial ESG Sustainability

First Fundamentals

About First Industrial Fundamental Analysis

Pair Trading with First Industrial

Moving together with First Stock

Moving against First Stock

Additional Tools for First Stock Analysis

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