First Industrial Realty Trust

First Industrial Realty Trust, Inc. operates as a real estate investment trust. It engages in the ownership, management, acquisition, sale, development and redevelopment of industrial real estate. The firm product portfolio includes bulk warehouse, regional warehouse, R&D/flex, and light industrial properties. The company was founded by Johannson L. Yap, Robert L. Denton, Sr., and Jay H. Shidler on August 10, 1993, and is headquartered in Chicago, IL.

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First Industrial Realty Trust posts record occupancy and growth outlook

First Industrial Realty Trust's Q4 2022 performance reflects strong operational metrics and financial health, with positive outlook for future earnings.
While facing challenges such as declining land values and potential delays, the company's strategic strengths and opportunities position it well for growth.
Active leasing discussions, market demand, and focus on key markets offer avenues for revenue growth and portfolio expansion.
Overall, First Industrial Realty Trust demonstrates resilience and strategic foresight in navigating market dynamics and maximizing shareholder value.

First Industrial Realty Trust (FR) reports record Q1 performance and eyes growth amidst market challenges

First Industrial Realty Trust (FR) showcases robust performance in Q1 2023, driven by high occupancy rates, leasing success, and development activities. Despite challenges in moderated rent growth and a challenging acquisition market, the company's strong balance sheet and market focus present growth opportunities. Leveraging demand trends and funding options can further enhance future performance.

First Industrial Realty Trust exceeds Q2 expectations with record rental rates

First Industrial Realty Trust delivered a strong performance in Q2 2023, surpassing expectations with high occupancy rates and record-setting rental rate increases. While facing challenges in financing and market dynamics, the company is well-positioned to capitalize on growth opportunities through lease escalations and strong rent growth trends.

First Industrial Realty Trust (FR) reports strong Q3 performance

First Industrial Realty Trust (FR) demonstrated strong performance in leasing activities and cash rental rate growth in Q3 2023.
While facing challenges such as uncertain contract award timing and land value decreases, the company maintained low bad debt and active leasing demand.
Opportunities lie in potential joint ventures in data centers, consistent demand for space, and market dynamics supporting growth.
Overall, FR's performance reflects resilience and strategic positioning in the real estate market.

First Industrial Realty Trust exceeds 2023 expectations and eyes growth opportunities

First Industrial Realty Trust delivered strong financial results, exceeding expectations and providing optimistic guidance for 2024, supported by robust leasing activities and strategic investments.
The company's focus on multi-tenanted buildings, diverse leasing progress, and adaptability to market trends position it well for growth and resilience in the industrial real estate sector.
While facing challenges in a competitive acquisition landscape and cost pressures, First Industrial Realty Trust can leverage opportunities in new developments, build-to-suit projects, and high barrier markets for future success.
Overall, the company's performance reflects operational strength, strategic foresight, and responsiveness to market dynamics, signaling a promising outlook for continued growth and value creation.

First Industrial Realty Trust (FR) reports strong Q1 performance

First Industrial Realty Trust (FR) delivered a solid performance in Q1 2024, with strong leasing activity and positive market indicators. Challenges include tenant decision delays and difficulty in projecting lease-up timing for developments. Opportunities exist in data center demand and robust market activity.

First Industrial Realty Trust excels in Q2 with strong leasing wins and growth initiatives

First Industrial Realty Trust delivered a solid performance in Q2 2024 with leasing successes and new projects driving growth. While facing challenges such as market vacancy increases, the company's strategic disposals and updated FFO guidance reflect a proactive approach to enhancing shareholder value.

First Industrial Realty Trust excels in Q3 amidst market challenges

First Industrial Realty Trust's Q3 2024 earnings call highlighted strong performance metrics, active development activities, and strategic portfolio management. While facing challenges such as market vacancy increases and regulatory impacts, the company is well-positioned to leverage opportunities in the industrial real estate sector for continued growth.

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First Industrial Realty Trust, Inc. engages in the ownership, management, acquisition, sale, development, and redevelopment of industrial real estate. The firm product portfolio includes bulk warehouse, regional warehouse, R&D/flex, and light industrial properties. The company was founded by Johannson L. Yap, Robert L. Denton, Sr., and Jay H. Shidler on August 10, 1993, and is headquartered in Chicago, IL.

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First Industrial Realty Trust, Inc. (FR) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for First Industrial Realty Trust (FR) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

First Industrial Realty Trust (FR) Reports Q3 Earnings: What Key Metrics Have to Say

60% Cash Rental Rate Increase on Leases Signed To-Date Commencing in 2023 38% Cash Rental Rate Increase on 2024 Rollovers Signed To-Date Cash Same Store NOI Growth of 7.4% in 3Q23, 8.7% YTD 3Q23 Sold 39 Acres in Phoenix On Balance Sheet for $41 Million Signed 955,000 Square Feet of New Leases for Speculative Developments in the Third Quarter and Fourth Quarter To-Date Inclusive of Joint Venture 2023 FFO Guidance Increased $0.01 at Midpoint CHICAGO , Oct. 18, 2023 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced results for the third quarter of 2023. First Industrial's diluted net income available to common stockholders per share (EPS) was $0.57, compared to $0.94 a year ago and third quarter FFO was $0.62 per share/unit on a diluted basis, compared to $0.60 per share/unit a year ago.

FIRST INDUSTRIAL REALTY TRUST REPORTS THIRD QUARTER 2023 RESULTS

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Different World, Same Problems

First Industrial is a self-managed REIT specializing in distribution centers and light industrial properties in large, supply-scare MSAs in the U.S. The company has a strong balance sheet, high occupancy rates, and a robust development pipeline. The stock is reasonably priced with a very well-covered and growing dividend, especially considering its very high cash rent growth.

First Industrial: Buy The Dip On This Fast-Growing REIT

CHICAGO , Oct. 4, 2023 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will host its third quarter 2023 results conference call on Thursday, October 19, 2023 at 10:00 a.m. CDT (11:00 a.m.

First Industrial Realty Trust To Host Third Quarter 2023 Results Conference Call On October 19

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The State Of REITs: September 2023 Edition

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Industrial Realty Trust (FR) have what it takes?

First Industrial Realty Trust (FR) is a Top Dividend Stock Right Now: Should You Buy?

CHICAGO , Aug. 3, 2023 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced that its board of directors declared a common stock dividend of $0.32 per share/unit for the quarter ending September 30, 2023 payable on October 16, 2023 to stockholders of record on September 29, 2023. About First Industrial Realty Trust, Inc. First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers.

FIRST INDUSTRIAL REALTY TRUST DECLARES COMMON STOCK DIVIDENDS

First Industrial reported strong Q2 results, which included another quarter of record cash rental growth. Results were also accompanied with positive revisions to expectations for full-year FFO and cash rental growth. Despite the strong growth rates, the company appears to be facing little pushback, as assessed through occupancy and retention rates.

First Industrial: Is It A Buy Following Another Quarter Of Record Rental Growth?

First Industrial Realty Trust, Inc. (NYSE:FR ) Q2 2023 Earnings Conference Call July 20, 2023 11:00 AM ET Company Participants Art Harmon - Vice President, Investor Relations & Marketing Peter Baccile - President & Chief Executive Officer Scott Musil - Chief Financial Officer Jojo Yap - Chief Investment Officer Peter Schultz - Executive Vice President Chris Schneider - Senior Vice President, Operations Conference Call Participants Rob Stevenson - Janney Michael Carroll - RBC Capital Markets Craig Mailman - Citi Ki Bin Kim - Truist Nick Thillman - Baird Nicholas Yulico - Scotiabank Anthony Powell - Barclays Caitlin Burrows - Goldman Sachs Todd Thomas - KeyBanc Capital Markets Michael Mueller - JPMorgan Jessica Zheng - Green Street Vikram Malhotra - Mizuho Operator Good morning and welcome to the First Industrial Realty Trust, Inc. Second Quarter Results Call. All participants will be in listen-only mode.

First Industrial Realty Trust, Inc. (FR) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for First Industrial Realty Trust (FR) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About First Industrial Realty Trust (FR) Q2 Earnings

First Industrial Realty Trust (FR) came out with quarterly funds from operations (FFO) of $0.61 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to FFO of $0.56 per share a year ago.

First Industrial Realty Trust (FR) Q2 FFO and Revenues Surpass Estimates

Cash Rental Rates Up 74.1% in 2Q23 Cash Rental Rate Increase of 63% on Leases Signed To-Date Commencing in 2023 Cash Same Store NOI Growth of 10.8% in 2Q23; Occupancy of 97.7% at Quarter-End Renewed Largest 2024 Lease Rollover of 700,000 Square Feet Signed 673,000 Square Feet of New Leases for Speculative Developments in the Second Quarter and Third Quarter To-Date Inclusive of Joint Venture 2023 FFO Guidance Increased $0.01 at Midpoint to $2.35 to $2.43 Per Share/Unit Which Excludes $0.02 Per Share 1Q23 Accelerated Recognition of Tenant Improvement Reimbursement CHICAGO , July 19, 2023 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced results for the second quarter of 2023. First Industrial's diluted net income available to common stockholders per share (EPS) was $0.41, compared to $0.88 a year ago and second quarter FFO was $0.61 per share/unit on a diluted basis, compared to $0.56 per share/unit a year ago.

FIRST INDUSTRIAL REALTY TRUST REPORTS SECOND QUARTER 2023 RESULTS

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CHICAGO , July 6, 2023 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, will host its second quarter 2023 results conference call on Thursday, July 20, 2023 at 10:00 a.m. CDT (11:00 a.m.

First Industrial Realty Trust to Host Second Quarter 2023 Results Conference Call on July 20

CHICAGO , June 5, 2023 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, will present at Nareit's REITWeek 2023 Investor Conference on Tuesday, June 6, 2023 at 3:00 PM EDT (2:00 PM CDT). A webcast of the presentation will be available on First Industrial's website at www.firstindustrial.com under the "Investors" tab.

First Industrial Realty Trust To Present At Nareit's REITWeek 2023 Investor Conference

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Demand for Industrial REIT space continues to substantially outpace supply, resulting in astonishing rental spreads averaging over 40%, while occupancy rates and same-store NOI have reached record highs. The five major industrial REITs raised full-year guidance this quarter, growing FFO much faster than the next closest major property sector.

Picking A Winner In Industrial REITs

News for First Industrial Realty Trust Stock (FR)