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First Industrial Realty Trust, Inc. - $FR STOCK NEWS

Welcome to our dedicated page for First Industrial Realty Trust news (Ticker: $FR), a resource for investors and traders seeking the latest updates and insights on First Industrial Realty Trust stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect First Industrial Realty Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of First Industrial Realty Trust's position in the market.

Rhea-AI Summary

First Industrial Realty Trust, Inc. (NYSE: FR) declared a common stock dividend of $0.37 per share/unit for the quarter ending June 30, 2024. The dividend is payable on July 15, 2024, to stockholders of record on June 28, 2024. First Industrial Realty Trust is a leading U.S.-only owner, operator, developer, and acquirer of logistics properties with a portfolio of approximately 68.1 million square feet of industrial space as of March 31, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
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dividends
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Rhea-AI Summary
First Industrial Realty Trust, Inc. (NYSE: FR) reported strong first quarter 2024 results, signing 1.6 million square feet of new leases, achieving a 45% cash rental rate increase, and growing cash same store NOI by 10.0%. The company sold nine buildings for $49 million and increased its dividend by 15.6% compared to the prior quarterly rate. The outlook for 2024 shows adjusted leasing assumptions due to economic uncertainty.
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Rhea-AI Sentiment
End-of-Day
-5.21%
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Rhea-AI Summary
First Industrial Realty Trust, Inc. (FR) will host its first quarter 2024 results conference call on April 18, 2024. The company is a leading owner, operator, and developer of logistics real estate. The results will be released on April 17, 2024, after market close, with a webcast available on their website. A replay of the call will be accessible until May 2, 2024.
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Rhea-AI Sentiment
End-of-Day
1.58%
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conferences earnings
Rhea-AI Summary
First Industrial Realty Trust, Inc. (FR) will present at Citi's 2024 Global Property CEO Conference on March 4, 2024. The company is a key player in logistics real estate, offering a live webcast and presentation materials for investors.
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Rhea-AI Sentiment
End-of-Day
0.28%
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conferences
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Rhea-AI Summary
First Industrial Realty Trust, Inc. (FR) schedules virtual Annual Meeting of Stockholders on April 30, 2024, with March 7, 2024, as the record date.
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Rhea-AI Sentiment
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0.75%
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none
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Rhea-AI Summary
First Industrial Realty Trust, Inc. (FR) reported a 58.3% increase in cash rental rates and 8.4% growth in Cash Same Store Net Operating Income (SS NOI) for full year 2023. The company leased 100% of the 644,000 square-foot and 50% of the 349,000 square-foot Old Post Road buildings in Baltimore. They also sold seven buildings for $64 million in the fourth quarter. The 2024 NAREIT FFO guidance was initiated at a range of $2.54 to $2.64 per share/unit, and the first quarter 2024 dividend was increased to $0.37 per share, a 15.6% increase.
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Rhea-AI Sentiment
End-of-Day
5.95%
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Rhea-AI Summary
First Industrial Realty Trust, Inc. (FR) reported the tax treatment of its 2023 distributions, with a total of $1.28 cash distribution per share. Shareholders are encouraged to consult with their tax advisors for specific tax treatment.
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Rhea-AI Summary
First Industrial Realty Trust, Inc. (FR) will host its Q4 and full year 2023 results conference call on February 8, 2024. The results will be released on February 7, 2024. The call can be accessed by dialing (877) 870-4263 or webcast live on the Company's website. A replay will be available until February 22, 2024.
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Rhea-AI Sentiment
End-of-Day
0.4%
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conferences earnings
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Rhea-AI Summary
COPT Defense Properties (NYSE: CDP) announced the election of Robert L. Denton, Sr. as Chairman of the Board, effective January 1, 2024, following the resignation of Thomas F. Brady. Mr. Brady remains on the board. The announcement was made by the Company's President and CEO, Stephen E. Budorick, who expressed gratitude to Mr. Brady for his decade-long service and welcomed Mr. Denton as the new Chairman, highlighting his extensive experience in real estate and finance. Mr. Denton has been a Member of the Company’s Board since May 1999, with a background in real estate, finance, and management consulting, having retired from The Shidler Group in 2013. Mr. Brady, who had been Chairman of the Company’s Board since May 2013, has nearly 40 years of business experience, including working with public and private companies, and had previously served as the Chairman of the Board of Directors of Baltimore Gas & Electric Company and Executive Vice President-Corporate Strategy at Constellation Energy Group.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
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Rhea-AI Summary
First Industrial Realty Trust, Inc. (NYSE: FR) has declared a common stock dividend of $0.32 per share/unit for the quarter ending December 31, 2023. The dividend will be payable on January 16, 2024, to stockholders of record on December 29, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.72%
Tags
dividends
First Industrial Realty Trust, Inc.

NYSE:FR

FR Rankings

FR Stock Data

6.27B
131.48M
0.49%
98.16%
1.15%
Other Financial Vehicles
Finance and Insurance
Link
United States of America
CHICAGO

About FR

first industrial realty trust is a reit (nyse: fr) and leading owner, operator and developer of industrial real estate. an enterprising group of problem solvers, first industrial is dedicated to helping businesses - from multinational corporations to regional companies - stay ahead of their evolving requirements. providing a range of supply chain solutions, first industrial owns an industrial portfolio of more than 650 properties in the top north american industrial markets. through our successful established platform, we lease, manage, buy, sell and develop only industrial assets. in addition, our experienced professionals have unmatched market knowledge, and continuously provide industry leading customer service and responsiveness. first industrial satisfies industrial real estate needs by offering bulk and regional distribution centers, light industrial, and other industrial facility types. but more than available properties, today’s corporations require a strategic real estate