WallStSmart

First Industrial Realty Trust Inc (FR)vsPrologis Inc (PLD)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Prologis Inc generates 1163% more annual revenue ($9.19B vs $727.56M). PLD leads profitability with a 36.2% profit margin vs 34.0%. FR appears more attractively valued with a PEG of 3.74. PLD earns a higher WallStSmart Score of 55/100 (C).

FR

Buy

55

out of 100

Grade: C

Growth: 7.3Profit: 8.0Value: 5.3Quality: 5.0

PLD

Buy

55

out of 100

Grade: C

Growth: 6.0Profit: 7.0Value: 4.7Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FRFair Value (-2.0%)

Margin of Safety

-2.0%

Fair Value

$58.19

Current Price

$57.00

$1.19 premium

UndervaluedFair: $58.19Overvalued
PLDSignificantly Overvalued (-117.9%)

Margin of Safety

-117.9%

Fair Value

$58.74

Current Price

$128.01

$69.27 premium

UndervaluedFair: $58.74Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FR3 strengths · Avg: 9.3/10
Profit MarginProfitability
34.0%10/10

Keeps 34 of every $100 in revenue as profit

Operating MarginProfitability
42.1%10/10

Strong operational efficiency at 42.1%

Price/BookValuation
2.8x8/10

Reasonable price relative to book value

PLD4 strengths · Avg: 9.3/10
Profit MarginProfitability
36.2%10/10

Keeps 36 of every $100 in revenue as profit

Operating MarginProfitability
41.3%10/10

Strong operational efficiency at 41.3%

Market CapQuality
$118.99B9/10

Large-cap with strong market position

Price/BookValuation
2.2x8/10

Reasonable price relative to book value

Areas to Watch

FR3 concerns · Avg: 2.7/10
P/E RatioValuation
32.5x4/10

Premium valuation, high expectations priced in

PEG RatioValuation
3.742/10

Expensive relative to growth rate

Free Cash FlowQuality
$-508.18M2/10

Negative free cash flow — burning cash

PLD4 concerns · Avg: 3.3/10
P/E RatioValuation
36.8x4/10

Premium valuation, high expectations priced in

Revenue GrowthGrowth
4.0%4/10

4.0% revenue growth

Return on EquityProfitability
6.1%3/10

ROE of 6.1% — below average capital efficiency

PEG RatioValuation
99.932/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : FR

The strongest argument for FR centers on Profit Margin, Operating Margin, Price/Book. Profitability is solid with margins at 34.0% and operating margin at 42.1%.

Bull Case : PLD

The strongest argument for PLD centers on Profit Margin, Operating Margin, Market Cap. Profitability is solid with margins at 36.2% and operating margin at 41.3%.

Bear Case : FR

The primary concerns for FR are P/E Ratio, PEG Ratio, Free Cash Flow.

Bear Case : PLD

The primary concerns for PLD are P/E Ratio, Revenue Growth, Return on Equity.

Key Dynamics to Monitor

FR profiles as a mature stock while PLD is a value play — different risk/reward profiles.

PLD carries more volatility with a beta of 1.42 — expect wider price swings.

FR is growing revenue faster at 7.7% — sustainability is the question.

FR generates stronger free cash flow (-508M), providing more financial flexibility.

Bottom Line

FR scores higher overall (55/100 vs 55/100), backed by strong 34.0% margins. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

First Industrial Realty Trust Inc

REAL ESTATE · REIT - INDUSTRIAL · USA

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.

Prologis Inc

REAL ESTATE · REIT - INDUSTRIAL · USA

Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities, with a focus on the consumption side of the global supply chain.

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