First Industrial Realty Trust Announces Annual Meeting of Stockholders and Record Date
Rhea-AI Summary
First Industrial Realty Trust (NYSE: FR) has announced its Annual Meeting of Stockholders will be held virtually on April 30, 2025, with a record date set for March 7, 2025. The company, a leading U.S.-focused owner, operator, developer, and acquirer of logistics properties, manages approximately 69.5 million square feet of industrial space as of December 31, 2024.
First Industrial operates through an integrated platform providing high-quality facilities and customer service to multinational corporations and regional firms. Their portfolio and new investments are strategically concentrated in 15 target MSAs, with a focus on supply-constrained, coastally oriented markets.
Positive
- Portfolio of 69.5 million square feet of industrial space
- Strategic presence in 15 target MSAs focusing on supply-constrained markets
- Fully integrated operating and investing platform
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- None.
News Market Reaction 1 Alert
On the day this news was published, FR declined 0.43%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
First Industrial's Board of Directors set March 7, 2025 as the record date for the Annual Meeting.
About First Industrial Realty Trust, Inc.
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934 ("Exchange Act"). We intend for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on certain assumptions and describe our future plans, strategies and expectations, and are generally identifiable by use of the words "believe," "expect," "plan," "intend," "anticipate," "estimate," "project," "seek," "target," "potential," "focus," "may," "will," "should" or similar words. Although we believe the expectations reflected in forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results will not materially differ. Factors that could have a materially adverse effect on our operations and future prospects include, but are not limited to: changes in national, international, regional and local economic conditions generally and real estate markets specifically; changes in legislation/regulation (including changes to laws governing the taxation of real estate investment trusts) and actions of regulatory authorities; our ability to qualify and maintain our status as a real estate investment trust; the availability and attractiveness of financing (including both public and private capital) and changes in interest rates; the availability and attractiveness of terms of additional debt repurchases; our ability to retain our credit agency ratings; our ability to comply with applicable financial covenants; our competitive environment; changes in supply, demand and valuation of industrial properties and land in our current and potential market areas; our ability to identify, acquire, develop and/or manage properties on favorable terms; our ability to dispose of properties on favorable terms; our ability to manage the integration of properties we acquire; potential liability relating to environmental matters; defaults on or non-renewal of leases by our tenants; decreased rental rates or increased vacancy rates; higher-than-expected real estate construction costs and delays in development or lease-up schedules; the uncertainty and economic impact of pandemics, epidemics or other public health emergencies or fear of such events; risks associated with security breaches through cyberattacks, cyber intrusions or otherwise, as well as other significant disruptions of our information technology networks and related systems; potential natural disasters and other potentially catastrophic events such as acts of war and/or terrorism; technological developments, particularly those affecting supply chains and logistics; litigation, including costs associated with prosecuting or defending claims and any adverse outcomes; risks associated with our investments in joint ventures, including our lack of sole decision-making authority; and other risks and uncertainties described under the heading "Risk Factors" and elsewhere in our annual report on Form 10-K for the year ended December 31, 2023, as well as those risks and uncertainties discussed from time to time in our other Exchange Act reports and in our other public filings with the Securities and Exchange Commission (the "SEC"). We caution you not to place undue reliance on forward-looking statements, which reflect our outlook only and speak only as of the date of this press release or the dates indicated in the statements. We assume no obligation to update or supplement forward-looking statements. For further information on these and other factors that could impact us and the statements contained herein, reference should be made to our filings with the SEC.
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SOURCE First Industrial Realty Trust, Inc.
FAQ
When is First Industrial Realty Trust's (FR) 2025 Annual Meeting of Stockholders?
What is the record date for First Industrial Realty Trust's (FR) 2025 Annual Meeting?
How many square feet of industrial space does First Industrial Realty Trust (FR) own and have under development?
In how many target MSAs does First Industrial Realty Trust (FR) concentrate its portfolio?
