First Industrial Realty Trust is a self-administered and fully integrated real estate company which owns, manages, acquires, sells, develops and redevelops industrial real estate. Co. is a real estate investment trust (REIT). Co.'s in-service portfolio includes all properties that have reached stabilized occupancy, (re)developed properties upon the earlier of reaching 90% occupancy or one year from the date construction is completed and acquired properties that are at least 75% occupied at acquisition. Co.'s operations are conducted primarily through First Industrial, L.P., of which Co. is the sole general partner. We show 56 historical shares outstanding datapoints in our FR shares outstanding history coverage, used to compute FR market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FR market cap history over the course of time is important for investors
interested in comparing FR's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of FR versus a peer is one thing; comparing
FR market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like FR can fluctuate over the course of history.
With this page we aim to empower investors researching FR by allowing them to research the FR market cap history. |
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Video: The Importance of Market Cap
