Welcome to our dedicated page for First Indl Rlty Tr news (Ticker: FR), a resource for investors and traders seeking the latest updates and insights on First Indl Rlty Tr stock.
First Industrial Realty Trust, Inc. (NYSE: FR) is a U.S.-only industrial REIT focused on owning, operating, developing and acquiring logistics properties. This news page aggregates company announcements, earnings releases and other updates that shed light on how First Industrial manages its logistics real estate portfolio and capital structure.
Readers can find quarterly and annual results announcements, where the company discusses metrics such as in-service occupancy, cash rental rate changes on new and renewal leases and same store net operating income. These releases often highlight leasing activity across developments like First Loop Logistics Park in Orlando, First Park Miami buildings in South Florida, First Harley Knox Logistics Center in the Inland Empire and the Camelback 303 joint venture in Phoenix, illustrating demand for its industrial space.
The news flow also includes dividend declarations, detailing common stock dividend amounts and related record and payment dates, as well as notices of upcoming earnings conference calls and webcasts. Investors can track when management plans to discuss financial results and portfolio performance.
In addition, First Industrial issues updates on capital markets and financing actions, such as the pricing of senior unsecured notes, changes in credit ratings and the establishment of at-the-market equity offering programs. These items provide context on how the company funds acquisitions, developments and other corporate purposes.
For those following the industrial and logistics real estate space, this page offers a centralized view of First Industrial’s public communications, from portfolio leasing milestones and development starts to financing transactions and investor conference participation.
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.
First Industrial Realty Trust (FR) reported a strong second quarter of 2022, with diluted EPS rising to $0.88 from $0.40 a year ago. FFO increased to $0.56 per share/unit, up from $0.48. Key metrics include a 98.4% occupancy rate and a 27% rise in cash rental rates. The company leased 100% of two major logistics centers and commenced four new developments totaling 875,000 square feet, with $154 million in planned investment. The guidance for 2022 FFO per share was raised to $2.19 at the midpoint. Debt management improved with a new $425 million loan at a fixed rate of 3.64%.
First Industrial Realty Trust (NYSE: FR) will hold its second quarter 2022 results conference call on Thursday, July 21, 2022, at 10:00 a.m. CDT. The call can be accessed by dialing (888) 504-7949 and will also be available via webcast on the company's website. Results will be released on July 20, 2022, after market close. A replay will be accessible until August 5, 2022 by calling (888) 203-1112. First Industrial Realty Trust, a leading industrial real estate operator, manages approximately 67.3 million square feet of space across the U.S.
First Industrial Realty Trust (NYSE: FR), a prominent player in industrial real estate, will present at Nareit's REITWeek: 2022 Investor Conference on June 7, 2022, at 2:15 PM EDT. Interested investors can access a live webcast on the company's website, with a replay available until July 7, 2022. The company manages approximately 68.6 million square feet of industrial space across the U.S. and is known for its robust customer service.
First Industrial Realty Trust (NYSE: FR) announced a quarterly dividend of $0.295 per share for the quarter ending June 30, 2022. The dividend is payable on July 18, 2022, to shareholders recorded on June 30, 2022. With approximately 68.6 million square feet of industrial space under management, the company emphasizes a strong position in the industrial real estate sector. This financial strategy reflects confidence in ongoing operations and shareholder returns.
First Industrial Realty Trust (NYSE: FR) reported strong first-quarter 2022 results, with cash same-store NOI up by 14.4% and occupancy at 98.0%. Cash rental rates increased by 12.7%. The company signed 72% of 2022 rollovers at a 20% cash rental rate increase and commenced five new developments totaling 1.3 million square feet with an estimated investment of $168 million. The FFO guidance was raised to $2.10 to $2.20 per share. The quarterly dividend increased by 9.3% to $0.295 per share.