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First Indl Rlty Tr Inc - FR STOCK NEWS

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Overview of First Industrial Realty Trust Inc

First Industrial Realty Trust Inc (NYSE: FR) is an industrial real estate investment trust (REIT) dedicated to acquiring, owning, operating, developing, and redeveloping a diversified portfolio of industrial properties. Specializing in industrial real estate, logistics real estate, and supply chain solutions, the company offers a fully integrated operating platform that serves a broad tenant base. Its operations cater to multinational corporations and regional companies alike, ensuring that various businesses receive facilities integral to seamless supply chain management.

Comprehensive Business Model

The company employs a robust business model that spans multiple facets of industrial real estate. It generates revenue through leasing industrial properties, providing property management services, and investing in targeted development projects. This model also includes strategic acquisitions and dispositions, reflecting a balanced approach to portfolio management. The emphasis on bulk distribution centers, light industrial facilities, and specialized industrial assets demonstrates the company’s commitment to meeting the evolving requirements of contemporary logistics and distribution needs.

Operations and Customer Service

At the core of First Industrial’s operational excellence is its commitment to superior customer service and market responsiveness. With a team of experienced professionals who possess unmatched market knowledge, the company collaborates closely with its tenants to tailor solutions that address complex logistical challenges. This integrated approach is built on a foundation of deep industry expertise, ensuring that each property and service offering is aligned with current market demands and evolving supply chain dynamics.

Industrial Market Specialization

First Industrial Realty Trust Inc operates within the competitive realm of industrial real estate and logistics. Focused exclusively on industrial property types, the company stands as a major participant in markets that serve industries such as e-commerce, transportation, manufacturing, retail, consumer services, food and beverage, building materials, wholesale distribution, health services, and government operations. By concentrating solely on industrial assets, the company has been able to cultivate a high level of specialization, offering tenants and investors deep insights into industrial market trends and operational efficiencies.

Integrated Supply Chain Solutions

The company uniquely addresses the logistical challenges faced by modern businesses by providing integrated supply chain solutions. Its portfolio of industrial properties is designed to support the diverse needs of businesses that require strategic locations for distribution and operational efficiency. This focus on integration reflects a sophisticated understanding of how industrial assets interface with broader supply chain networks, positioning the company as a critical partner for tenants seeking long-term operational stability.

Operational Excellence and Expertise

Central to the company’s offering is its fully integrated operating and investing platform. This platform encompasses end-to-end management of industrial properties, from leasing and property management to development and strategic redevelopment. The disciplined management approach is supported by detailed market research and a granular understanding of tenant needs, allowing the company to deliver solutions that combine flexibility with operational rigor. Detailed property management and proactive asset repositioning practices are used to optimize occupancy and ensure stable cash flow generation over time.

Competitive Landscape and Market Position

Within the industrial real estate landscape, First Industrial Realty Trust Inc distinguishes itself by focusing solely on the logistics and industrial niche. This targeted focus ensures that every facet of their operations—from development to tenant servicing—is fine-tuned to the unique demands of the industrial sector. The company’s comprehensive market approach, reinforced by strategic acquisitions and an expansive network of industrial properties, positions it as a reliable source for high-quality industrial real estate solutions. By maintaining a concentrated portfolio and leveraging deep market knowledge, the company builds resilience in an environment characterized by rapid technological and logistical change.

Industry Expertise and Strategic Asset Management

Drawing on its decades of experience, the company combines traditional real estate management practices with innovative approaches to asset development. This dual focus enables it to balance immediate tenant needs with long-term asset appreciation. The expertise developed over years of market participation is evident in every aspect of the business—from the careful selection of property locations to the tailored development of facilities that meet the sophisticated requirements of modern industrial tenants. The strategic emphasis on customer-centric service and operational excellence further reinforces its credibility and long-standing commitment to market trustworthiness.

Diversified Tenant Base and Market Adaptability

Through a diversified tenant base that spans multiple sectors, First Industrial Realty Trust Inc continuously adapts to the evolving demands of the industrial market. The company’s portfolio is composed of a variety of industrial facility types, including large-scale distribution centers and specialized light industrial spaces. This diversity not only spreads risk across different market segments but also enables the company to remain agile amid changing economic conditions. Such adaptability is supported by a strong operational framework that is responsive to market signals, ensuring that the company remains a resilient and reliable partner for its tenants.

Conclusion

First Industrial Realty Trust Inc stands as a prime example of an industrial REIT that expertly balances operational proficiency with strategic asset management. Its extensive focus on logistics and industrial real estate, underpinned by thorough market analysis and dedicated customer service, offers a detailed insight into a sector that is critical for efficient supply chain operations. By providing integrated, end-to-end solutions, the company continues to play a significant role in addressing the complex challenges of industrial logistics, making it a noteworthy player in the competitive landscape of industrial real estate.

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First Industrial Realty Trust, Inc. (FR) schedules virtual Annual Meeting of Stockholders on April 30, 2024, with March 7, 2024, as the record date.
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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.
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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.
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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.
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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.
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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.
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First Industrial Realty Trust announces Q3 2023 results with solid financial performance and strong leasing activity
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First Industrial Realty Trust to host Q3 2023 results conference call
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First Industrial Realty Trust, Inc. (NYSE: FR) Declares $0.32 per Share/Unit Dividend for Q3 2023
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FAQ

What is the current stock price of First Indl Rlty Tr (FR)?

The current stock price of First Indl Rlty Tr (FR) is $47.55 as of April 17, 2025.

What is the market cap of First Indl Rlty Tr (FR)?

The market cap of First Indl Rlty Tr (FR) is approximately 6.2B.

What is the primary business focus of First Industrial Realty Trust Inc?

The company is focused on acquiring, managing, developing, and redeveloping industrial real estate assets that support logistics and supply chain operations.

How does the company generate its revenue?

Revenue is generated through leasing, operating, and managing industrial properties, as well as through strategic acquisitions and redevelopment projects that enhance asset value.

What types of properties are included in First Industrial's portfolio?

The portfolio includes bulk distribution centers, light industrial facilities, and other specialized industrial assets designed for logistics and supply chain efficiency.

Who are the typical tenants of First Industrial Realty Trust?

Tenants range from multinational corporations to regional companies across sectors such as e-commerce, manufacturing, transportation, retail, and more.

How does the company maintain quality and responsiveness in its services?

The company leverages its integrated operating platform and experienced professionals to deliver tailored solutions and exceptional customer service aligned with market demands.

What differentiates First Industrial Realty Trust from other REITs?

Its exclusive focus on industrial real estate, deep market insights, and integrated supply chain solutions set it apart in a competitive landscape.

How does the company manage market fluctuations?

By maintaining a diversified portfolio and employing proactive asset management strategies, the company mitigates risks associated with market volatility.

What is the significance of an integrated operating platform for the company?

An integrated platform allows the company to oversee every aspect of property management, from leasing to development, ensuring cohesive service and operational excellence.
First Indl Rlty Tr Inc

NYSE:FR

FR Rankings

FR Stock Data

6.15B
127.85M
0.5%
98.64%
1.18%
REIT - Industrial
Real Estate Investment Trusts
Link
United States
CHICAGO