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.

Earnings data Q2 2024

First Industrial Realty Trust Exceeds Q1 Expectations, Faces Market Challenges

First Industrial Realty Trust's Q1 2023 performance exceeded expectations, with strong leasing performance and a positive outlook for market rent growth. However, challenges include moderating market rent growth and increased cap rates. The company has opportunities for early lease-up potential and potential market rent growth.

FR reports record-setting cash rental rates and anticipates high rent growth

FR reported strong performance in cash rental rates and leasing activity, with a focus on high-growth markets. The company faces challenges related to occupancy drop and potential legal processes. However, opportunities lie in anticipated rent escalations and project designs for flexibility.

FR reports strong Q3 performance, faces challenges with tenant uncertainty

FR showcased strong performance in rental rate growth and leasing wins, but faces challenges with fair value adjustments and uncertainty with a key tenant. However, opportunities lie in potential acquisitions and rental rate increases across their markets.

FR reports record leasing wins and cash rental rate growth

FR's Q4 2023 earnings call highlighted strong performance, with record leasing wins and cash rental rate growth. The company faces challenges in softer demand for larger spaces and increased costs. However, opportunities lie in Southern California leasing, new development starts, and seeking opportunistic acquisitions.

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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.

First Industrial Realty Trust, Inc. (NYSE:FR ) Q1 2024 Earnings Conference Call April 18, 2024 11:00 AM ET Company Participants Art Harmon - SVP of IR and Marketing Peter Baccile - President and CEO Scott Musil - CFO Jojo Yap - CIO Peter Schultz - EVP Chris Schneider - EVP, Operations Conference Call Participants Ki Bin Kim - Truist Rob Stevenson - Janney Vikram Malhotra - Mizuho Todd Thomas - KeyBanc Capital Markets Rich Anderson - Wedbush Craig Mailman - Citi Nicholas Yulico - Scotiabank Nick Thillman - Baird Jessica Zheng - Green Street Blaine Heck - Wells Fargo Caitlin Burrows - Goldman Sachs Bill Crow - Raymond James Nikita Bely - JPMorgan Jon Petersen - Jefferies Operator Good day, and welcome to the First Industrial Realty Trust, Inc. First Quarter Results Call. [Operator Instructions] Please note this event is being recorded.

First Industrial Realty Trust, Inc. (FR) Q1 2024 Earnings Call Transcript

First Industrial Realty has underperformed in the past year due to higher interest rates and a slowdown in industrial leasing activity. The company reported mixed results and reduced guidance, which may put pressure on its shares. The weakness in leasing activity, particularly in Southern California, and uncertainties in US-China relations are impacting First Industrial Realty's performance.

First Industrial: Shares Attractive Despite Softer Q1 Results

First Industrial Realty Trust (FR) came out with quarterly funds from operations (FFO) of $0.60 per share, missing the Zacks Consensus Estimate of $0.62 per share. This compares to FFO of $0.59 per share a year ago.

First Industrial Realty Trust (FR) Q1 FFO Miss Estimates

Signed 1.6 Million Square Feet of New Leases for Speculative Developments on Balance Sheet and 376,000 Square Feet in the Joint Venture in the First Quarter 45% Cash Rental Rate Increase on Leases Signed To-Date Commencing in 2024 Cash Same Store NOI Growth of 10.0% Sold Nine Buildings for $49 Million Increased First Quarter 2024 Dividend to $0.37 Per Share; 15.6% Growth Compared to Prior Quarterly Rate CHICAGO , April 17, 2024 /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 first quarter of 2024. First Industrial's diluted net income available to common stockholders per share (EPS) was $0.52 in the first quarter, compared to $0.42 a year ago and first quarter funds from operations (FFO) was $0.60 per share/unit on a diluted basis, compared to $0.59 per share/unit a year ago.

First Industrial Realty Trust Reports First Quarter 2024 Results

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?

Why First Industrial Realty Trust (FR) is a Great Dividend Stock Right Now

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Industrial real estate has experienced strong demand growth, leading to an increase in development of new warehouses. The supply and demand for industrial real estate vary by location, resulting in pockets of both strength and weakness. The future winners in the industrial real estate sector can be estimated by studying valuation and operating fundamentals.

Industrial Real Estate: Opportunities Amidst Supply And Demand Boom

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20 new dividend increases with an average increase of 8.5% and a median of 8% are shared.

20 Upcoming Dividend Increases To Finish Q1

CHICAGO , March 20, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will host its first quarter 2024 results conference call on Thursday, April 18, 2024 at 10:00 a.m. CDT (11:00 a.m.

First Industrial Realty Trust To Host First Quarter 2024 Results Conference Call On April 18

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E-commerce growth has led to increased demand for logistics space and a surge in industrial rents. New development deliveries are expected to drop materially in 2025. Industrial REITs have the potential for outsized growth through lease mark-to-market and supply/demand balance.

A Differentiated View Within Industrial REITs

CHICAGO , Feb. 29, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced that it will present at Citi's 2024 Global Property CEO Conference. The presentation is scheduled for Monday, March 4, 2024 at 3:35 p.m.

First Industrial Realty Trust To Present At Citi's 2024 Global Property CEO Conference

CHICAGO , Feb. 15, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced that the Company's Annual Meeting of Stockholders will be held on April 30, 2024 virtually. First Industrial's Board of Directors set March 7, 2024 as the record date for the Annual Meeting.

First Industrial Realty Trust Announces Annual Meeting of Stockholders and Record Date

First Industrial Realty Trust, Inc. (FR) Q4 2023 Earnings Call Transcript

Cash Rental Rates Up 58.3% in 2023, Highest Annual Increase in Company History 39% Cash Rental Rate Increase on Leases Signed To-Date Commencing in 2024 Cash Same Store NOI Growth of 8.4% for Full Year 2023 Leased 100% of the 644,000 Square-Foot and 50% of the 349,000 Square-Foot Old Post Road Buildings in Baltimore Signed 705,000 Square Feet of New Leases for Speculative Developments in the Fourth Quarter 2023 and First Quarter 2024 To-Date Inclusive of Joint Venture Sold Seven Buildings for $64 Million in the Fourth Quarter; $125 Million Sold in 2023 2024 NAREIT FFO Guidance Initiated at a Range of $2.54 to $2.64 Per Share/Unit; $2.56 to $2.66 Per Share/Unit Excluding Accelerated Expense Increased First Quarter 2024 Dividend to $0.37 Per Share, a 15.6% Increase CHICAGO , Feb. 7, 2024 /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 fourth quarter and full year 2023. First Industrial's diluted net income available to common stockholders per share (EPS) was $0.67 in the fourth quarter, compared to $0.62 a year ago.

First Industrial Realty Trust Reports Fourth Quarter and Full Year 2023 Results

CHICAGO , Jan. 19, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today reported the tax treatment of its 2023 distributions.  This release is based on the preliminary results of work on the Company's tax filings and may be subject to correction or adjustment when the filings are completed.

First Industrial Realty Trust Reports Tax Treatment of Common Stock Distributions

CHICAGO , Jan. 17, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will host its fourth quarter and full year 2023 results conference call on Thursday, February 8, 2024 at 9:00 a.m. CST (10:00 a.m.

First Industrial Realty Trust To Host Fourth Quarter And Full Year 2023 Results Conference Call On February 8

First Industrial Realty Trust's revenue and funds from operations have shown positive growth, with strong lease renewal activity driving net operating income growth. With imports and e-commerce activity picking up, demand should strengthen in 2024. Despite some challenges, such as inflation in operating expenses and slower leasing of new space, the company is well-positioned for continued growth and has the potential for increased FFO margins.

First Industrial Is Positioned For A Strong 2024

Americans just set a record on Thanksgiving shopping, spending $5.6 billion. I expect Industrial REITs to reap strong rewards from the growth in eCommerce shopping that we're seeing during the holidays. And right now, two of our top three highest-rated industrial REITs are offering attractive, double-digit margins of safety.

Santa Depends On These 'Must Have' Mission Critical Properties

CHICAGO , Nov. 1, 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 December 31, 2023 payable on January 16, 2024 to stockholders of record on December 29, 2023. About First Industrial Realty Trust, Inc. First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties.

First Industrial Realty Trust Declares Common Stock Dividends

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

These 3 Real Estate Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - First Industrial Realty (NYSE:FR), EastGroup Props (NYSE:EGP)

First Industrial shares have fallen due to rising interest rates, supply pressure, and a slowdown in tenant leasing. Operating results remain strong with mark-to-market rent increases driving NOI higher. The company is poised for continued growth from same-store NOI growth and development projects, with potential for a 60-75% upside in shares.

First Industrial: Embedded Growth At A Discount

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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

First Industrial Realty Trust (FR) came out with quarterly funds from operations (FFO) of $0.62 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to FFO of $0.60 per share a year ago.

First Industrial Realty Trust (FR) Tops Q3 FFO and Revenue Estimates

News for First Industrial Realty Trust Stock (FR)