WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Prologis Inc generates 1158% more annual revenue ($9.38B vs $745.20M). FR leads profitability with a 46.0% profit margin vs 39.7%. FR appears more attractively valued with a PEG of 3.74. PLD earns a higher WallStSmart Score of 63/100 (C+).

FR

Buy

63

out of 100

Grade: C+

Growth: 8.0Profit: 8.0Value: 3.3Quality: 3.5
Piotroski: 3/9Altman Z: 0.98

PLD

Buy

63

out of 100

Grade: C+

Growth: 8.0Profit: 7.0Value: 5.3Quality: 4.0
Piotroski: 2/9Altman Z: 1.01
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FRSignificantly Overvalued (-41.5%)

Margin of Safety

-41.5%

Fair Value

$41.96

Current Price

$61.58

$19.62 premium

UndervaluedFair: $41.96Overvalued
PLDUndervalued (+44.7%)

Margin of Safety

+44.7%

Fair Value

$254.18

Current Price

$144.54

$109.64 discount

UndervaluedFair: $254.18Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FR4 strengths · Avg: 9.5/10
Profit MarginProfitability
46.0%10/10

Keeps 46 of every $100 in revenue as profit

Operating MarginProfitability
35.0%10/10

Strong operational efficiency at 35.0%

EPS GrowthGrowth
199.7%10/10

Earnings expanding 199.7% YoY

Price/BookValuation
3.0x8/10

Reasonable price relative to book value

PLD6 strengths · Avg: 9.2/10
Profit MarginProfitability
39.7%10/10

Keeps 40 of every $100 in revenue as profit

Operating MarginProfitability
38.5%10/10

Strong operational efficiency at 38.5%

EPS GrowthGrowth
65.2%10/10

Earnings expanding 65.2% YoY

Market CapQuality
$139.15B9/10

Large-cap with strong market position

Price/BookValuation
2.5x8/10

Reasonable price relative to book value

Free Cash FlowQuality
$1.14B8/10

Generating 1.1B in free cash flow

Areas to Watch

FR3 concerns · Avg: 2.3/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
3.742/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.982/10

Distress zone — elevated risk

PLD4 concerns · Avg: 3.0/10
P/E RatioValuation
37.3x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
7.0%3/10

ROE of 7.0% — below average capital efficiency

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
115.522/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : FR

The strongest argument for FR centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 46.0% and operating margin at 35.0%.

Bull Case : PLD

The strongest argument for PLD centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 39.7% and operating margin at 38.5%.

Bear Case : FR

The primary concerns for FR are Piotroski F-Score, PEG Ratio, Altman Z-Score.

Bear Case : PLD

The primary concerns for PLD are P/E Ratio, Return on Equity, Piotroski F-Score.

Key Dynamics to Monitor

PLD carries more volatility with a beta of 1.33 — expect wider price swings.

FR is growing revenue faster at 10.0% — sustainability is the question.

PLD generates stronger free cash flow (1.1B), providing more financial flexibility.

Monitor REIT - INDUSTRIAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

FR scores higher overall (63/100 vs 63/100), backed by strong 46.0% margins. PLD offers better value entry with a 44.7% margin of safety. 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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