01:50 PM EDT, 10/16/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our target price by $7 to $59, applying a forward P/FFO of 18.5x our 2026 FFO estimate, in line with similarly sized industrial REIT peers. We increased our 2025 FFO estimate by $0.05 to $2.95 and increase 2026 by $0.06 to $3.19. FR's new leasing market remained challenged in Q3 with management pushing out the leasing timeline for 1.7M sqft of development properties from Q4 2025 to 1H 2026. We still believe the industrial market is bottoming out with decision makers facing continued uncertainty from tariffs that is slowing down finalization of leasing plans. We are noting a difference between renewal activity and new leasing with FR seeing healthy demand for renewals with cash renewal rates of +25% in FY 25 to date. New development projects continue to find tenants, but the pace of filling vacancies has been slower. We believe this sets up FY 26 to a be significantly stronger year for new leases as 3PLs have had time to adjust to tariffs and economic uncertainty.