First Indl Rlty Tr (FR) Stock News

Claros Mortgage Trust (NYSE: CMTG) appointed Denise Olsen to its Board of Directors, effective March 2, 2026. Ms. Olsen will serve as an independent director and join the Audit Committee. Vincent Tese will retire and will not seek re-election at the Company’s next Annual Meeting.

Ms. Olsen brings over 30 years of investment management experience and prior public board roles, including service at First Industrial Realty Trust since 2017.

First Industrial Realty Trust (NYSE: FR) reported fourth-quarter and full-year 2025 results, with 2025 NAREIT FFO of $2.96 per share (11.7% growth) and Q4 FFO of $0.77 per share. In-service occupancy was 94.4% at year-end. The board raised the Q1 2026 dividend to $0.50 per share, a 12.4% increase.

Notable transactions include a $125 million acquisition of a 968,000 SF Phoenix building, three 2025 Camelback 303 JV building acquisitions totaling 1.8 MSF for $245 million, two 1Q26 development starts (305,000 SF, $70M), and unsecured term loan refinancings totaling $800M combined proceeds.

First Industrial Realty Trust (NYSE: FR) completed two unsecured term loan refinancings and an amendment on Jan 22, 2026. The company refinanced a $425 million unsecured term loan maturing Jan 22, 2030 with a one-year extension option and refinanced and expanded a prior $300 million term loan to $375 million maturing Jan 22, 2029 with two one-year extension options. Both loans carry initial interest-only periods at SOFR + 85 bps based on current credit ratings and removed a prior 10 bps SOFR adjustment. The transactions were syndicated by multiple banks led by Wells Fargo Securities, PNC Capital Markets, U.S. Bank and BofA.

First Industrial Realty Trust (NYSE: FR) reported the tax treatment of its 2025 common stock distributions, based on preliminary tax filing work and subject to correction. The company paid four quarterly cash distributions of $0.4450 per share (record dates 3/31, 6/30, 9/30/2025 and 12/31/2025; payable dates 4/21, 7/21, 10/20/2025 and 1/20/2026) for a total of $1.7800 per share in 2025. All distributions are reported as ordinary dividends $1.7800, including qualified dividends $0.2028 and Section 199A dividends $1.5772. Shareholders should consult tax advisors for individual tax treatment.

First Industrial Realty Trust (NYSE: FR) will host its fourth quarter and full year 2025 results conference call on Thursday, February 5, 2026 at 10:00 a.m. CST (11:00 a.m. EST). The company will release results on Wednesday, February 4, 2026 after market close.

Investors can join the live call by dialing (833) 890-3273 using passcode "First Industrial" or via webcast on the company's Investors website. A replay will be available through Thursday, February 19, 2026 by dialing (855) 669-9658, passcode 2544828, or via the website.

As of September 30, 2025, the company owned and had under development approximately 70.4 million square feet of industrial space concentrated in 15 target MSAs. The release includes forward-looking statements and risk disclosures related to market, financing, regulatory, and operational factors.

Land & Buildings says First Industrial (NYSE: FR) is materially upgraded and trades at a large discount to value. The presentation estimates 30% upside to NAV, cites a nearly 7% implied cap rate on FR (based on NOI to market rents) versus peers in the low–mid 5% range, and highlights that FR has newly developed ~40% of its portfolio and disposed >40% of legacy assets over the past decade.

Land & Buildings urges FR to pursue asset dispositions, land sales, capital returns, and improved investor communication, and to evaluate strategic alternatives if the discount persists; buyers named include Prologis and Blackstone.

First Industrial Realty Trust (NYSE: FR) declared a common stock dividend of $0.445 per share for the quarter ending December 31, 2025. The dividend is payable on January 20, 2026 to shareholders of record as of December 31, 2025.

The company reports owning and having under development approximately 70.4 million square feet of industrial space as of September 30, 2025. The release includes customary forward-looking statements and lists factors that could materially affect operations and results.

First Industrial Realty Trust (NYSE: FR) reported third-quarter 2025 results on October 15, 2025 with FFO of $0.76 per share/unit (diluted), up from $0.68 a year ago, and EPS of $0.49 versus $0.75 in Q3 2024. The company raised its 2025 NAREIT FFO guidance midpoint by $0.04 to a range of $2.94 to $2.98 per share/unit.

Operational highlights include 94.0% in-service occupancy, 772,000 SF of new development leases signed in Q3 and Q4 to date, and cash rental rate increases of approximately 32% on leases commencing in 2025 and 31% on leases commencing in 2026. SS NOI grew 6.1% (cash basis) in Q3. Capital actions: a $11M land acquisition, $13M of dispositions, and forward-starting interest rate swaps fixing portions of term loans near 4.10%–4.13%.

First Industrial Realty Trust (NYSE: FR), a leading U.S. logistics real estate owner and operator, has scheduled its third quarter 2025 earnings conference call for October 16, 2025, at 10:00 a.m. CDT. The company will release its Q3 2025 results on October 15, 2025, after market close.

First Industrial manages approximately 70.5 million square feet of industrial space across 15 target MSAs, focusing on supply-constrained, coastal markets. Investors can access the conference call via phone at (833) 890-3273 or through a live webcast on the company's website. A replay will be available through October 30, 2025.