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.
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.
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.