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) reported strong Q1 2025 results with notable growth metrics. Cash Same Store NOI increased by 10.1%, while cash rental rates surged 41.7% in Q1. The company achieved a 30% cash rental rate increase on 2025 lease commitments.
Key highlights include the acquisition of two 100% leased buildings in Phoenix for $120 million with a 6.4% cash yield, and plans for two new developments totaling 402,000 square feet in Dallas and Philadelphia with an estimated investment of $54 million. The company renewed and upsized its credit facility to $850 million and renewed a $200 million term loan.
Q1 2025 financial results showed diluted EPS of $0.36 compared to $0.52 year-ago, while FFO reached $0.68 per share/unit versus $0.60 last year. The company increased its quarterly dividend by 20.3% to $0.445 per share.
First Industrial Realty Trust (NYSE: FR) has announced a significant initiative with other major industrial REITs to standardize non-GAAP property metrics calculations across the sector. The coalition, including EastGroup Properties, Prologis, and STAG Industrial, has updated their methodology for key metrics such as property stabilization, occupancy, rent change, and customer retention.
The initiative builds upon their 2018 harmonization efforts and maintains that annual same-store portfolio calculations will only include properties stabilized in both current and prior periods. The standardization will be implemented in First Industrial's 2025 guidance and is not expected to materially impact non-GAAP metrics for periods before 2025.
First Industrial currently owns and has under development approximately 69.5 million square feet of industrial space across 15 target MSAs, focusing on supply-constrained, coastally oriented markets as of December 31, 2024.
First Industrial Realty Trust (NYSE: FR), a leading U.S. logistics real estate owner and operator, has scheduled its first quarter 2025 earnings conference call for April 17, 2025, at 10:00 a.m. CDT. The company will release Q1 2025 results on April 16, 2025, after market close.
The conference call will be accessible via phone at (877) 870-4263 and webcast on the company's website. A replay will be available through May 1, 2025.
First Industrial currently owns and has under development approximately 69.5 million square feet of industrial space as of December 31, 2024. The company's portfolio and investments focus on 15 target MSAs, particularly in supply-constrained, coastal markets.
First Industrial Realty Trust (NYSE: FR) has secured significant financing through two major transactions. The company closed an $850 million senior unsecured revolving credit facility, which represents a $100 million increase in capacity from its previous facility. This new facility matures on March 16, 2029, with two six-month extension options, and carries an initial interest rate of SOFR plus 77.5 basis points.
Additionally, FR refinanced a $200 million unsecured term loan maturing on March 17, 2028, with two one-year extension options. The term loan's initial interest rate is SOFR plus 85 basis points plus a 10-basis-point SOFR adjustment. Both facilities benefit from favorable BBB+/Baa1/BBB+ credit ratings level pricing, despite the company's current BBB/Baa2/BBB ratings, contingent on maintaining a consolidated leverage ratio below 35.0%.
First Industrial Realty Trust (NYSE: FR), a leading U.S. logistics real estate owner and operator, has announced its participation in Citi's 2025 Global Property CEO Conference. The presentation is scheduled for March 4, 2025, at 11:40 a.m. EST.
A live webcast will be available on the company's website under the Investors tab, with a replay accessible through May 31, 2025. Presentation materials will be posted on March 3, 2025.
First Industrial owns and has under development approximately 69.5 million square feet of industrial space as of December 31, 2024. The company's portfolio and investments focus on 15 target MSAs, emphasizing supply-constrained, coastally oriented markets.
First Industrial Realty Trust (NYSE: FR) has announced its Annual Meeting of Stockholders will be held virtually on April 30, 2025, with a record date set for March 7, 2025. The company, a leading U.S.-focused owner, operator, developer, and acquirer of logistics properties, manages approximately 69.5 million square feet of industrial space as of December 31, 2024.
First Industrial operates through an integrated platform providing high-quality facilities and customer service to multinational corporations and regional firms. Their portfolio and new investments are strategically concentrated in 15 target MSAs, with a focus on supply-constrained, coastally oriented markets.
First Industrial Realty Trust (NYSE: FR) reported strong fourth quarter and full year 2024 results, with notable achievements in development leasing and rental rate growth. The company's FFO reached $0.71 per share in Q4 2024, up from $0.63 year-over-year, while full-year FFO grew 8.6% to $2.65 per share.
Key highlights include a 50.8% increase in cash rental rates for 2024, 4.7 million square feet of development leases signed, and in-service occupancy of 96.2% at year-end. The company initiated 2025 NAREIT FFO guidance at $2.87-$2.97 per share, projecting approximately 10% growth at the midpoint.
The board approved a 20.3% increase in quarterly dividend to $0.445 per share. During Q4, FR commenced two development projects totaling 679,000 square feet with an estimated investment of $96 million and sold five buildings for $25 million. For full-year 2024, the company sold 22 buildings for $163 million and achieved 8.1% same-store NOI growth.
First Industrial Realty Trust (NYSE: FR) has released its tax treatment report for 2024 distributions. The company distributed a total of $1.48 per share throughout the year, paid in four equal quarterly installments of $0.37. The distributions were classified as 47.8% ordinary dividends ($0.7080) and 52.2% capital gain distributions ($0.7720).
Of the capital gains portion, $0.2948 was classified as Unrecaptured Section 1250 Gain. The company also reported that 100% of Capital Gain Distributions were Section 897 gain, and both One Year Amounts and Three Year Amounts under Section 1061 were zero. Section 199A Dividends amounted to $0.7080, which is included in the Ordinary Dividends portion.
First Industrial Realty Trust (NYSE: FR) has announced its upcoming fourth quarter and full year 2024 results conference call, scheduled for February 6, 2025 at 10:00 a.m. CST. The company will release its financial results on February 5, 2025 after market close.
As a leading U.S.-only owner, operator, developer, and acquirer of logistics properties, First Industrial maintains a significant portfolio of approximately 69.0 million square feet of industrial space as of September 30, 2024. The company's assets are strategically concentrated in 15 target MSAs, focusing on supply-constrained, coastally oriented markets.
Investors can access the conference call by dialing (877) 870-4263 with passcode 'First Industrial' or via webcast on the company's website. A replay will be available through February 20, 2025, accessible by dialing (877) 344-7529 with passcode 7276588.
First Industrial Realty Trust (NYSE: FR) has declared a quarterly common stock dividend of $0.37 per share/unit for Q4 2024. The dividend will be paid on January 21, 2025, to stockholders of record as of December 31, 2024. The company is a leading U.S.-only owner, operator, developer, and acquirer of logistics properties, with a portfolio of approximately 69.0 million square feet of industrial space concentrated in 15 target MSAs, focusing on supply-constrained, coastally oriented markets.
