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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.
First Industrial Realty Trust (NYSE: FR) reported strong first-quarter 2022 results, with cash same-store NOI up by 14.4% and occupancy at 98.0%. Cash rental rates increased by 12.7%. The company signed 72% of 2022 rollovers at a 20% cash rental rate increase and commenced five new developments totaling 1.3 million square feet with an estimated investment of $168 million. The FFO guidance was raised to $2.10 to $2.20 per share. The quarterly dividend increased by 9.3% to $0.295 per share.
First Industrial Realty Trust (NYSE: FR) will announce its first quarter 2022 results on April 20, 2022, post-market close. A conference call to discuss the results will be held on April 21, 2022, at 10:00 a.m. CDT. Interested parties can access the call by dialing (866) 542-2938 with conference ID 9392409, or through a live webcast on the Company’s website. A replay will be available until May 6, 2022. First Industrial manages approximately 67.3 million square feet of industrial space across the U.S.
First Industrial Realty Trust (NYSE: FR) announced its participation at Citi's 2022 Global Property CEO Conference, scheduled for March 8, 2022, at 9:00 a.m. EST. A live webcast of the presentation will be available on the company's website, with a replay accessible until May 31, 2022. Presentation materials will be published on March 7, 2022. The company manages approximately 67.3 million square feet of industrial space across the U.S., focusing on providing exceptional service to its customers.
First Industrial Realty Trust (NYSE: FR) announced its Annual Meeting of Stockholders will be held virtually on May 4, 2022. The record date for the meeting is set for March 9, 2022. Known for its expertise in managing industrial real estate, First Industrial operates across major US markets, overseeing approximately 67.3 million square feet of space. The company emphasizes customer service to multinational and regional clients. For further details, shareholders and interested parties can visit www.firstindustrial.com.
First Industrial Realty Trust (NYSE: FR) reported strong fourth quarter 2021 earnings with diluted net income per share at $0.87, up from $0.65 year-over-year. The full year 2021 EPS was $2.09, compared to $1.53 in 2020. Funds from Operations (FFO) also showed growth, reaching $0.52 per share in Q4 and $1.97 for the full year, a notable increase from the previous year. The company achieved a record 16.2% increase in cash rental rates for 2021 and maintained a high occupancy rate of 98.1%. Additionally, a quarterly common stock dividend of $0.295 per share was declared, reflecting a 9.3% increase.
First Industrial Realty Trust (NYSE: FR) is set to announce its fourth quarter and full year 2021 results on February 9, 2022, after market close. A conference call will be held on February 10, 2022, at 10:00 a.m. CST to discuss these results. Interested parties can join the call by dialing (866) 542-2938 or via the company's website. A replay of the call will be available until February 25, 2022. First Industrial Realty Trust owns approximately 67.7 million square feet of industrial space across the U.S., providing services to a wide range of clients.
First Industrial Realty Trust (NYSE: FR) announced the tax treatment of its 2021 distributions. The preliminary results indicate no expected material changes upon finalization of tax filings. Shareholders should consult tax advisors regarding specific treatments. The reported cash distribution per share was $1.0800, with the majority classified as ordinary dividends (98.3%). The company owns approximately 67.7 million square feet of industrial space as of September 2021, emphasizing its position as a leading industrial real estate owner and operator.
First Industrial Realty Trust (NYSE: FR) announced a quarterly dividend of $0.27 per share for the period ending December 31, 2021, to be paid on January 18, 2022. The dividend will benefit stockholders of record as of December 31, 2021. The company continues to operate as a significant player in the industrial real estate market, managing approximately 67.7 million square feet of properties as of September 30, 2021.
First Industrial Realty Trust (NYSE: FR) reported strong Q3 2021 results with diluted net income of $0.33 per share, up from $0.28 YoY. FFO increased to $0.51 per share/unit, from $0.49. In-service occupancy rose to 97.1%, with same property NOI growing by 6.9%. Cash rental rates surged 22.8%. The company commenced development on projects totaling 691,000 square feet and plans for 800,000 in Q4. Its full-year FFO guidance is raised to $1.93-$1.97 per share, reflecting strong performance and a positive outlook for growth.
First Industrial Realty Trust, a leading industrial real estate owner and operator, will host its third quarter 2021 results conference call on October 21, 2021, at 10:00 a.m. CDT. The results will be released on October 20 after market close. Investors can participate via phone at (866) 542-2938, conference ID 2499227, or through a live webcast at firstindustrial.com. A replay will be available until November 5, 2021. The company manages approximately 66.9 million square feet of industrial space across the U.S.
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