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First Industrial Realty Trust, Inc. reports developments for a U.S.-only industrial REIT that owns, operates, develops and acquires logistics properties. Company updates commonly address operating results, common stock dividends, portfolio activity, development pipeline priorities and capital allocation across its logistics real estate platform.
News also covers governance matters, including annual meeting results, board composition, shareholder voting campaigns and responses to shareholder communications. The company's tenant base spans supply chain users such as e-commerce, logistics, transportation, manufacturing, retail, food and beverage, building materials, wholesale goods, health services and government customers.
First Industrial Realty Trust (NYSE: FR), a premier industrial real estate operator, will present at Nareit's REITweek: 2021 Investor Conference on June 9 at 11:45 AM EDT. Investors can register for the event via the registration link. Presentation materials will become available on June 8. As of March 31, 2021, the company manages approximately 64.4 million square feet of industrial space.
First Industrial Realty Trust, Inc. (NYSE: FR) has declared a common stock dividend of $0.27 per share for the quarter ending June 30, 2021. This dividend will be payable on July 19, 2021, to stockholders of record on June 30, 2021. The company is recognized for its comprehensive role as an owner, operator, and developer of industrial real estate, managing approximately 64.4 million square feet of space across the U.S. as of March 31, 2021. Investors can find more information on the company's performance and strategies at www.firstindustrial.com.
First Industrial Realty Trust (NYSE: FR) reported Q1 2021 results with EPS of $0.48, up from $0.32 year-over-year. The FFO was $0.46 per share/unit, slightly higher than $0.45 last year. Portfolio occupancy remained stable at 95.7%, rental rates surged by 10.4% on a cash basis. Five new development projects were launched, with plans for further expansion, including projects totaling 963,000 square feet in Q2. The company paid an increased dividend of $0.27 per share, reflecting an 8% rise. 2021 guidance estimates net income between $1.17 and $1.27 per share.
First Industrial Realty Trust (NYSE: FR) announced the retirement of David G. Harker, Executive Vice President – Central Region, effective June 30, 2021. Harker has been with the company since 1998, contributing significantly to its operations and portfolio transformation. As part of the succession plan, Johannson L. Yap and Peter O. Schultz will take over Harker's responsibilities. CEO Peter E. Baccile acknowledged Harker's impact on the company and its shareholders. The company continues to operate approximately 64.1 million square feet of industrial space as of December 31, 2020.
First Industrial Realty Trust (NYSE: FR) will announce its first quarter 2021 results on April 21, 2021, after market close. A conference call to discuss the results is scheduled for April 22, 2021, at 10:00 a.m. CDT. Interested parties can join the call at (866) 542-2938 using conference ID 9193527 or listen via the Company’s website. A replay will be available until May 7, 2021. As of December 31, 2020, First Industrial owned and managed approximately 64.1 million square feet of industrial space in the U.S.
On March 5, 2021, First Industrial Realty Trust (NYSE: FR) announced its participation in Citi's 2021 Virtual Global Property CEO Conference. The presentation is scheduled for March 9, 2021, at 10:30 AM EST. A live webcast will be available on the company’s website, with a replay accessible until May 31, 2021. This leading industrial real estate owner and operator boasts approximately 64.1 million square feet under its management as of December 31, 2020, serving both multinational and regional customers.
First Industrial Realty Trust (NYSE: FR) has appointed Marcus L. Smith to its board of directors, where he will contribute to the investment and nominating/corporate governance committees. Smith, a former director at MSCI and portfolio manager at MFS Investment Management, brings extensive experience in equity management. Matthew S. Dominski, chairman of the board, expressed enthusiasm about the addition, noting the benefits of Smith's investment expertise. First Industrial Realty Trust is a prominent owner and developer of industrial real estate, managing approximately 64.1 million square feet of industrial space as of December 31, 2020.
First Industrial Realty Trust (NYSE: FR) has announced its Annual Meeting of Stockholders will take place on May 5, 2021, in a virtual format. The record date for the meeting is set for March 11, 2021. As of December 31, 2020, the company owned and had under development approximately 64.1 million square feet of industrial space across the U.S. First Industrial Realty Trust is recognized for its customer service and well-managed industrial properties.
First Industrial Realty Trust (NYSE: FR) reported its fourth quarter and full year 2020 results, showing a diluted net income of $0.65 per share for Q4, down from $0.76 a year ago. Full year EPS was $1.53, a decline from $1.88 in 2019. However, FFO rose to $1.84 per share/unit for the year. The company maintained a high occupancy rate of 95.7% and achieved a 10.4% increase in cash rental rates for Q4. A dividend of $0.27 per share/unit was announced, reflecting an 8% increase. The outlook for 2021 expects continued growth with significant developments planned.
First Industrial Realty Trust (NYSE: FR) announced it will host its fourth quarter and full year 2020 results conference call on February 11, 2021 at 10:00 a.m. CST (11:00 a.m. EST). Results will be released on February 10, 2021, after market close. Investors can access the call by dialing (866) 542-2938, using conference ID 4091295, or via the webcast on the Company's website.
A replay will be available until February 26, 2021. First Industrial, a leader in industrial real estate, manages approximately 64.1 million square feet across major U.S. markets.