First Industrial Realty Trust (FR) PT Raised to $71 at Cantor Fitzgerald on New Opportunities

Cantor Fitzgerald analyst Richard Anderson raised the price target on First Industrial Realty Trust (NYSE: FR) to $71.00 (from $65.00) while maintaining a Neutral rating.

The analyst commented, " While there is a lot of fundamental red meat to chew on, one common thread to the 2Q26 results so far has been strength in development leasing activity -- potentially a key contributor to future FFO guidance increases as well as brewing confidence to start more projects...For FR, the company experienced similar broad success, completing 643ksf of development leasing during 2Q26 while expecting another 900ksf for the second half of the year (most in 4Q26). Nothing definitive on a change in starts guidance, but the company is evaluating new opportunities in Pennsylvania, Florida and Chicago (we expect this to become closer to reality when FR reports 3Q26 results)."

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