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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.
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.
First Industrial Realty Trust (NYSE: FR) has declared a common stock dividend of $0.27 per share for the quarter ending September 30, 2021. This dividend is payable on October 18, 2021 to stockholders of record as of September 30, 2021. The company is a prominent player in the industrial real estate sector, managing and developing approximately 66.9 million square feet of industrial space across the U.S.
First Industrial Realty Trust (NYSE: FR) reported solid second-quarter 2021 results, with a diluted net income per share of $0.40, up from $0.28 a year prior. Funds from Operations (FFO) rose to $0.48 per share/unit from $0.46. Occupancy rates improved to 96.6%, while same property cash NOI grew by 2.1%. The company plans to develop four projects totaling 2.7 million square feet, with an investment of $266 million. Guidance for FFO is raised to a range of $1.89 to $1.97 per share for 2021. A conference call is scheduled for July 22, 2021.
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