STOCK TITAN
  1. Home
  2. News
  3. FR

First Industrial Realty Trust, Inc. - FR STOCK NEWS

Welcome to our dedicated page for First Industrial Realty Trust news (Ticker: FR), a resource for investors and traders seeking the latest updates and insights on First Industrial Realty Trust stock.

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading owner, operator, and developer of industrial real estate across North America. As a real estate investment trust (REIT), First Industrial specializes in providing essential supply chain solutions through an extensive portfolio of more than 650 properties. These properties are strategically located in top industrial markets to support various business needs from bulk and regional distribution centers to light industrial facilities.

First Industrial's mission is to help businesses thrive by staying ahead of evolving industrial real estate requirements. The company offers a comprehensive range of services, including leasing, managing, buying, selling, and developing industrial assets. Their experienced team boasts unmatched market knowledge and a commitment to industry-leading customer service and responsiveness.

The company’s broad customer base spans multiple sectors, including manufacturing, retail, wholesale trade, distribution, and professional services. This diversity enables First Industrial to derive the majority of its revenue from rental income tied to medium-term leases.

As of the latest updates, First Industrial reported solid financial performance, demonstrating strong net income and funds from operations (FFO) growth. Recent achievements include a notable increase in cash rental rate growth and substantial lease signings, reflecting the company's robust market position despite economic uncertainties.

First Industrial has also shown strategic foresight through its development projects and acquisitions, focusing on supply-constrained, coastally oriented markets. Their portfolio, under continuous expansion, captures significant opportunities within completed and under-construction developments, ensuring sustainable long-term growth.

With a strong balance sheet and no debt maturities until 2026, First Industrial is well-positioned to support current and future growth initiatives. The company’s recent dividend increase underscores its commitment to delivering value to shareholders.

For more detailed information, including the latest news and financial reports, visit First Industrial Realty Trust's official website at www.firstindustrial.com.

News

First Industrial Realty Trust To Present At Citi's 2024 Global Property CEO Conference

Rhea-AI Summary
First Industrial Realty Trust, Inc. (FR) will present at Citi's 2024 Global Property CEO Conference on March 4, 2024. The company is a key player in logistics real estate, offering a live webcast and presentation materials for investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.28%
Tags
conferences
-
News

First Industrial Realty Trust Announces Annual Meeting of Stockholders and Record Date

Rhea-AI Summary
First Industrial Realty Trust, Inc. (FR) schedules virtual Annual Meeting of Stockholders on April 30, 2024, with March 7, 2024, as the record date.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
Tags
none
-
News

First Industrial Realty Trust Reports Fourth Quarter and Full Year 2023 Results

Rhea-AI Summary
First Industrial Realty Trust, Inc. (FR) reported a 58.3% increase in cash rental rates and 8.4% growth in Cash Same Store Net Operating Income (SS NOI) for full year 2023. The company leased 100% of the 644,000 square-foot and 50% of the 349,000 square-foot Old Post Road buildings in Baltimore. They also sold seven buildings for $64 million in the fourth quarter. The 2024 NAREIT FFO guidance was initiated at a range of $2.54 to $2.64 per share/unit, and the first quarter 2024 dividend was increased to $0.37 per share, a 15.6% increase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.95%
Tags
earnings
News

First Industrial Realty Trust Reports Tax Treatment of Common Stock Distributions

Rhea-AI Summary
First Industrial Realty Trust, Inc. (FR) reported the tax treatment of its 2023 distributions, with a total of $1.28 cash distribution per share. Shareholders are encouraged to consult with their tax advisors for specific tax treatment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.11%
Tags
none
-
News

First Industrial Realty Trust To Host Fourth Quarter And Full Year 2023 Results Conference Call On February 8

Rhea-AI Summary
First Industrial Realty Trust, Inc. (FR) will host its Q4 and full year 2023 results conference call on February 8, 2024. The results will be released on February 7, 2024. The call can be accessed by dialing (877) 870-4263 or webcast live on the Company's website. A replay will be available until February 22, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
Tags
conferences earnings
-
News

Robert Denton Elected as Chairman of the Board of Trustees

Rhea-AI Summary
COPT Defense Properties (NYSE: CDP) announced the election of Robert L. Denton, Sr. as Chairman of the Board, effective January 1, 2024, following the resignation of Thomas F. Brady. Mr. Brady remains on the board. The announcement was made by the Company's President and CEO, Stephen E. Budorick, who expressed gratitude to Mr. Brady for his decade-long service and welcomed Mr. Denton as the new Chairman, highlighting his extensive experience in real estate and finance. Mr. Denton has been a Member of the Company’s Board since May 1999, with a background in real estate, finance, and management consulting, having retired from The Shidler Group in 2013. Mr. Brady, who had been Chairman of the Company’s Board since May 2013, has nearly 40 years of business experience, including working with public and private companies, and had previously served as the Chairman of the Board of Directors of Baltimore Gas & Electric Company and Executive Vice President-Corporate Strategy at Constellation Energy Group.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
Tags
none
News

First Industrial Realty Trust Declares Common Stock Dividends

Rhea-AI Summary
First Industrial Realty Trust, Inc. (NYSE: FR) has declared a common stock dividend of $0.32 per share/unit for the quarter ending December 31, 2023. The dividend will be payable on January 16, 2024, to stockholders of record on December 29, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.72%
Tags
dividends
-
News

FIRST INDUSTRIAL REALTY TRUST REPORTS THIRD QUARTER 2023 RESULTS

Rhea-AI Summary
First Industrial Realty Trust announces Q3 2023 results with solid financial performance and strong leasing activity
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.23%
Tags
earnings
-
News

First Industrial Realty Trust To Host Third Quarter 2023 Results Conference Call On October 19

Rhea-AI Summary
First Industrial Realty Trust to host Q3 2023 results conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
conferences earnings
News

FIRST INDUSTRIAL REALTY TRUST DECLARES COMMON STOCK DIVIDENDS

Rhea-AI Summary
First Industrial Realty Trust, Inc. (NYSE: FR) Declares $0.32 per Share/Unit Dividend for Q3 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
dividends

FAQ

What is the current stock price of First Industrial Realty Trust (FR)?

The current stock price of First Industrial Realty Trust (FR) is $50.37 as of December 27, 2024.

What is the market cap of First Industrial Realty Trust (FR)?

The market cap of First Industrial Realty Trust (FR) is approximately 6.7B.

What is First Industrial Realty Trust, Inc.?

First Industrial Realty Trust, Inc. (NYSE: FR) is a real estate investment trust specializing in industrial properties, including distribution centers, light industrial facilities, and warehouses.

What services does First Industrial provide?

First Industrial offers leasing, managing, buying, selling, and developing industrial real estate assets across North America.

Where are First Industrial's properties located?

First Industrial's portfolio includes more than 650 properties in top North American industrial markets, focusing on supply-constrained, coastally oriented areas.

Who are First Industrial's customers?

The company serves a diverse range of sectors, including manufacturing, retail, wholesale trade, distribution, and professional services.

How does First Industrial generate revenue?

First Industrial primarily generates revenue from rental income tied to medium-term leases of its industrial properties.

What recent achievements has First Industrial reported?

Recent achievements include strong financial performance, significant lease signings, and substantial cash rental rate growth.

What is First Industrial's outlook for the future?

First Industrial aims to drive cash flow growth through capturing market rent growth and executing on development opportunities, supported by a strong balance sheet and strategic focus.

Does First Industrial pay dividends?

Yes, First Industrial recently increased its common stock dividend, reflecting its strong financial performance and commitment to shareholder value.

What are First Industrial's development focuses?

First Industrial focuses on strategic development in supply-constrained, coastally oriented markets to support sustainable long-term growth.

Where can I find more information about First Industrial?

For more detailed information, visit First Industrial Realty Trust's official website at www.firstindustrial.com.
Stock FR logo
First Industrial Realty Trust, Inc.

NYSE:FR

FR Rankings

#1091 Ranked by Market Cap
#1101 Ranked by Dividends

FR Stock Data

6.67B
131.69M
0.5%
98.09%
1.35%
REIT - Industrial
Real Estate Investment Trusts
Link
United States of America
CHICAGO