First Industrial Realty Trust Inc (FR)
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated industrial real estate owner, operator, and developer with a history of providing industry-leading customer service to multinational corporations and regional clients.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 3.41% per annum.
- FR price at the close of September 16, 2025 was $52.03 and was higher than the top border of the primary price channel by $0.54 (1.05%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 3.63% per annum.
- FR price at the close of September 16, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of FR price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: June 7, 2021
End date: July 10, 2024
a = 3.9615
b = -0.0001
s = 0.0766
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -3.41%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0766) – 1
= 35.86%
June 7, 2021 calculations
Top border of price channel:
Exp(Y180)
= Exp(a + b × X180 + 2 × s)
= Exp(a + b × 263 + 2 × s)
= Exp(3.9615 + -0.0001 × 263 + 2 × 0.0766)
= Exp(4.0897)
= $59.72
Bottom border of price channel:
Exp(Y180)
= Exp(a + b × X180 – 2 × s)
= Exp(a + b × 263 – 2 × s)
= Exp(3.9615 + -0.0001 × 263 – 2 × 0.0766)
= Exp(3.7833)
= $43.96
July 10, 2024 calculations
Top border of price channel:
Exp(Y957)
= Exp(a + b × X957 + 2 × s)
= Exp(a + b × 1,392 + 2 × s)
= Exp(3.9615 + -0.0001 × 1,392 + 2 × 0.0766)
= Exp(3.9825)
= $53.65
Bottom border of price channel:
Exp(Y957)
= Exp(a + b × X957 – 2 × s)
= Exp(a + b × 1,392 – 2 × s)
= Exp(3.9615 + -0.0001 × 1,392 – 2 × 0.0766)
= Exp(3.6761)
= $39.49
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 3.41% per annum.
- FR price at the close of September 16, 2025 was $52.03 and was higher than the top border of the primary price channel by $0.54 (1.05%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: May 6, 2022
End date: September 16, 2025
a = 3.7618
b = 0.0001
s = 0.0629
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 3.63%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0629) – 1
= 28.61%
May 6, 2022 calculations
Top border of price channel:
Exp(Y412)
= Exp(a + b × X412 + 2 × s)
= Exp(a + b × 596 + 2 × s)
= Exp(3.7618 + 0.0001 × 596 + 2 × 0.0629)
= Exp(3.9458)
= $51.72
Bottom border of price channel:
Exp(Y412)
= Exp(a + b × X412 – 2 × s)
= Exp(a + b × 596 – 2 × s)
= Exp(3.7618 + 0.0001 × 596 – 2 × 0.0629)
= Exp(3.6942)
= $40.21
September 16, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.7618 + 0.0001 × 1,825 + 2 × 0.0629)
= Exp(4.0657)
= $58.31
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.7618 + 0.0001 × 1,825 – 2 × 0.0629)
= Exp(3.8141)
= $45.34
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 3.63% per annum.
- FR price at the close of September 16, 2025 was inside the secondary price channel.