First Indl Rlty Tr Inc Stock Price, News & Analysis

First Industrial Realty Trust (NYSE: FR) announced its upcoming Annual Meeting of Stockholders will be held virtually on May 3, 2023. The Board of Directors has set March 9, 2023 as the record date for stockholders eligible to vote. As of December 31, 2022, the company manages approximately 68.9 million square feet of industrial space across the U.S. First Industrial Realty Trust is a fully integrated owner, operator, and developer of industrial properties, catering to multinational corporations and regional customers. For more details, visit www.firstindustrial.com.

First Industrial Realty Trust (NYSE: FR) reported a strong performance in 2022, achieving a year-end occupancy of 98.8% and a 10.1% increase in cash same-store NOI, both company records. Cash rental rates surged by 26.7% for the year, marking the highest annual increase in history. The company initiated a $126 million development in Northern California and successfully leased 4.1 million square feet of developments in 2022. Additionally, First Industrial increased its dividend by 8.5% to $0.32 per share for Q1 2023. However, diluted EPS for Q4 2022 fell to $0.62 from $0.87 year-over-year.

First Industrial Realty Trust (NYSE: FR) will announce its fourth quarter and full year 2022 results on February 8, 2023, after market close. A conference call is scheduled for February 9, 2023, at 10:00 a.m. CST to discuss the results, accessible via phone at (877) 870-4263 or through a live webcast on the company’s website. A replay will be available until February 23, 2023, by calling (877) 344-7529. As of September 30, 2022, First Industrial managed approximately 68.4 million square feet of industrial space across the United States, demonstrating its leadership in the industrial real estate sector.

On January 18, 2023, First Industrial Realty Trust, Inc. (NYSE: FR) announced the tax treatment for its 2022 stock distributions. The company emphasized that the release is based on preliminary tax filings, with no expected material changes. Shareholders are advised to consult tax advisors for personalized guidance. The summary includes detailed information on distributions made throughout 2022, totaling $1.1800 per share. Of this, ordinary dividends were $1.1572, while qualified dividends accounted for $0.0852. The company also reported capital gain distributions and other tax-related classifications, ensuring stakeholders are informed on the tax implications of their investments.

On November 1, 2022, First Industrial Realty Trust (NYSE: FR) declared a common stock dividend of $0.295 per share for the quarter ending December 31, 2022. This dividend will be payable on January 17, 2023 to stockholders of record as of December 31, 2022. With a portfolio of approximately 68.4 million square feet of industrial space under management and development, the company continues to demonstrate its commitment to delivering value to shareholders.

First Industrial Realty Trust (NYSE: FR) reported a strong third quarter in 2022, with diluted net income of $0.94 per share, up from $0.33 a year prior. Funds From Operations (FFO) rose to $0.60 per share, compared to $0.51. Occupancy remained high at 98.3%, with cash rental rates increasing by 30.9%. The company intensified its development activities with significant projects, including a $210 million development in Phoenix. Increased 2022 FFO guidance by $0.04 to a range of $2.21 to $2.25 per share/unit reflects positive operational momentum.

First Industrial Realty Trust (NYSE: FR) announced it will host its third quarter 2022 results conference call on October 20, 2022, at 10:00 a.m. CDT. The results will be released on October 19, 2022, after market close. Investors can join the call by dialing (877) 870-4263 and using conference ID 10171701, or via a live webcast on the company's website. A replay will be available until November 4, 2022. First Industrial, a key player in industrial real estate, manages approximately 69.8 million square feet across the U.S.

First Industrial Realty Trust (FR) announced the closing of a new $300 million unsecured term loan on August 15, 2022. The loan has a maturity date of August 12, 2025, with options for two one-year extensions. It features interest-only payments at an interest rate based on SOFR plus a credit spread of 85 basis points. Proceeds will be used for general purposes, including debt repayment and property development. The loan arrangement involved several banking partners and is seen as a strategic move to support the company's growth initiatives.

First Industrial Realty Trust (NYSE: FR) announced a quarterly common stock dividend of $0.295 per share for the quarter ending September 30, 2022. This dividend is payable on October 17, 2022 to shareholders of record as of September 30, 2022. The company, a significant player in industrial real estate, manages approximately 69.8 million square feet of properties across the U.S. The announcement reflects the company's ongoing commitment to returning value to its shareholders through regular dividends.