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) maintains this dedicated news hub for stakeholders seeking authoritative updates on its industrial real estate operations. Our curated collection features official announcements and market analyses related to logistics facilities, distribution center developments, and strategic portfolio management initiatives.
Investors and industry professionals will find comprehensive coverage of quarterly earnings reports, property acquisitions, and supply chain partnership developments. The repository serves as a critical resource for understanding FR's position in North America's industrial real estate sector, with updates on tenant expansions and sustainability-focused redevelopment projects.
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First Industrial Realty Trust (NYSE: FR) will host its Virtual Investor Day on November 12, 2020, featuring presentations from senior management about the company's platform, portfolio, and growth opportunities.
The livestream begins at 11:00 a.m. EST and lasts approximately two hours and fifteen minutes. Investors can access the event via the company's website or with the event code FR. Presentation materials will be available for download during the event, and a replay will be accessible within 24 hours.
First Industrial Realty Trust (NYSE: FR) announced a dividend of $0.25 per share for the quarter ending December 31, 2020, to be paid on January 19, 2021. This dividend will be issued to stockholders of record on December 31, 2020. As a leading owner and operator of industrial real estate, First Industrial Realty Trust manages approximately 64.1 million square feet of industrial space across the U.S. The company emphasizes its commitment to delivering outstanding customer service to its diverse clientele.
First Industrial Realty Trust (NYSE: FR) reported Q3 2020 results, showing diluted EPS of $0.28, down from $0.62 YoY. FFO was $0.49 per share/unit, an increase from $0.44. The quarter included $0.04 per share from an insurance settlement. Key highlights include a 20.3% cash rental rate growth and 99% rent collection rate from April to October. Occupancy was 96.3%, slightly down from 97.7% a year ago. The company signed significant leases, including a 221,000 sq. ft. development. Guidance for 2020 indicates FFO between $1.82 to $1.86 per share, reflecting ongoing strong demand in industrial real estate.
First Industrial Realty Trust (NYSE: FR) will announce its Q3 2020 results on October 21, 2020, after market close. A conference call to discuss these results is scheduled for October 22, 2020, at 10:00 a.m. CDT. Interested parties can access the call by calling (866) 542-2938 or via webcast on the company’s website. A replay will be available until November 6, 2020. First Industrial Realty Trust is a prominent owner and developer of industrial real estate, managing about 64 million square feet across the U.S.
On September 1, 2020, First Industrial Realty Trust (NYSE: FR) announced participation in two virtual investor conferences: the BMO 2020 Real Assets Conference and the BofA Securities 2020 Global Real Estate Conference. Presentation materials will be available on the company's website starting September 2. The firm reported strong cash rent collections, achieving 99% for April, May, and August, and 98% for June and July. As of June 30, 2020, First Industrial manages approximately 64 million square feet of industrial space across the U.S.
First Industrial Realty Trust, Inc. (NYSE: FR) declared a $0.25 per share dividend for the quarter ending September 30, 2020, payable on October 19, 2020. Shareholders of record by September 30, 2020 will receive this payout. The company, an integrated owner and developer of industrial real estate, manages approximately 64.0 million square feet of space across the U.S. Despite declaring this dividend, potential risks include economic uncertainties and competitive pressures within the real estate market.
On July 22, 2020, First Industrial Realty Trust (NYSE: FR) reported its Q2 2020 results, revealing a diluted EPS of $0.28, down from $0.31 year-on-year. However, funds from operations (FFO) increased to $0.46 per share, compared to $0.43 in the previous year. Occupancy rates improved to 97.7%, with strong cash collections at 98% for Q2 and 97% for July. The company engaged in significant acquisition activities and enhanced liquidity through a $300 million note offering at favorable rates. They raised their FFO guidance for the year, reflecting positive tenant activity despite ongoing COVID-19 impacts.
First Industrial Realty Trust (NYSE: FR) announced the refinancing of its $200 million unsecured term loan due January 29, 2021, into a new unsecured loan with an initial maturity of July 15, 2021. This refinancing includes two one-year extension options and features interest-only payments with an initial interest rate of LIBOR plus 150 basis points, adjusting based on the company's credit ratings. New interest rate swap agreements will fix the rate at 2.49% starting February 2021. This move aims to enhance financial flexibility amid the COVID-19 recovery.
On July 7, 2020, First Industrial Realty Trust (NYSE: FR) announced a private placement offering of $300 million in fixed-rate senior unsecured notes, featuring a weighted average interest rate of 2.81%. The offering consists of two tranches: $100 million of 2.74% Series F Guaranteed Senior Notes with a 10-year term and $200 million of 2.84% Series G Guaranteed Senior Notes with a 12-year term. Proceeds will be utilized for general corporate purposes, including repayment of existing borrowings and further investment opportunities.
First Industrial Realty Trust (NYSE: FR) is set to host its second quarter 2020 results conference call on July 23, 2020, at 10:00 a.m. CDT. The results will be released on July 22, 2020, after market close. Interested parties can join the conference by dialing (866) 542-2938, with conference ID 3467422. A live webcast will also be available on the company's website. A replay will be accessible until August 7, 2020. The company manages approximately 64.1 million square feet of industrial space across the U.S.
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