First Indl Rlty Tr Inc Stock Price, News & Analysis

First Industrial Realty Trust (NYSE: FR) reported strong Q3 2024 results, with 51% cash rental rate increase on leases signed for 2024 and 7.6% cash same store NOI growth. The company achieved a 33% cash rental rate increase on leases for 2025. Key highlights include:

- Started a 542,000 sq-ft development in Nashville ($54M investment)
- Acquired a fully leased four-building portfolio in Houston for $29M
- Sold ten buildings for $101M in Q3 and Q4 to date
- Increased 2024 NAREIT FFO guidance to $2.61-$2.65 per share/unit

The company's in-service occupancy was 95.0% at Q3 end. First Industrial renewed a 300,000 sq-ft lease in Southern California and achieved significant leasing progress in its development projects. The company's strong performance positions it for continued FFO and cash flow growth into 2025.

First Industrial Realty Trust (NYSE: FR), a leading owner, operator, and developer of logistics real estate, has announced its upcoming third quarter 2024 results conference call. The call is scheduled for Thursday, October 17, 2024, at 10:00 a.m. CDT (11:00 a.m. EDT). Investors can access the call by dialing (877) 870-4263 with passcode 'First Industrial' or via webcast on the company's website.

The company will release its Q3 2024 results on Wednesday, October 16, 2024, after market close. A replay of the conference call will be available until October 31, 2024. First Industrial Realty Trust owns and has under development approximately 68.7 million square feet of industrial space as of June 30, 2024, with investments focused on 15 target MSAs, emphasizing supply-constrained, coastally oriented markets.

First Industrial Realty Trust (NYSE: FR), a leading U.S. owner and developer of industrial real estate, has declared a quarterly dividend of $0.37 per share for the quarter ending September 30, 2024. The dividend is payable on October 21, 2024 to stockholders of record as of September 30, 2024.

First Industrial Realty Trust owns and has under development approximately 68.7 million square feet of industrial space as of June 30, 2024. The company's portfolio and new investments are focused on 15 target MSAs, with an emphasis on supply-constrained, coastally oriented markets. First Industrial provides high-quality facilities and customer service to multinational corporations and regional firms essential for their supply chains.

First Industrial Realty Trust (NYSE: FR) reported strong Q2 2024 results, with diluted EPS of $0.39 and FFO of $0.66 per share/unit. Key highlights include:

- Signed 1.1 million sq ft of new leases for speculative developments
- Started three new developments totaling 683,000 sq ft with $109 million investment
- Achieved 45% cash rental rate increase on 2024 commencing leases
- Sold eight buildings for $90 million
- Increased 2024 NAREIT FFO guidance to $2.57-$2.65 per share/unit

The company maintained high occupancy at 95.3% and reported 5.6% increase in same-store NOI. First Industrial also renewed its largest 2025 lease rollover of 1.3 million sq ft and one of its largest 2024 expirations in Southern California.

First Industrial Realty Trust (NYSE: FR), a top U.S. logistics real estate owner and operator, announced a conference call to discuss Q2 2024 results on July 18, 2024, at 10:00 a.m. CDT. The call is accessible at (877) 870-4263, passcode 'First Industrial'. The results will be released on July 17, 2024, after market close. A replay will be available till August 1, 2024, at (877) 344-7529, passcode 6598143, and on the company's website.

First Industrial manages about 68.1 million sq ft of industrial space across 15 target MSAs, focusing on supply-constrained, coastal markets. The company's platform supports multinational and regional supply chains with high-quality facilities and leading customer service.

First Industrial Realty Trust (NYSE: FR), a prominent logistics real estate owner and operator, will present at Nareit's REITWeek 2024 Investor Conference on June 4, 2024, at 3:00 PM EDT. A webcast of the presentation will be accessible on their website, with a replay available until July 4, 2024. The conference materials will also be available online. As of March 31, 2024, First Industrial owns and is developing approximately 68.1 million square feet of industrial space across 15 target metropolitan statistical areas (MSAs) in the U.S.

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.