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.
First Industrial Realty Trust (NYSE: FR) has appointed Marcus L. Smith to its board of directors, where he will contribute to the investment and nominating/corporate governance committees. Smith, a former director at MSCI and portfolio manager at MFS Investment Management, brings extensive experience in equity management. Matthew S. Dominski, chairman of the board, expressed enthusiasm about the addition, noting the benefits of Smith's investment expertise. First Industrial Realty Trust is a prominent owner and developer of industrial real estate, managing approximately 64.1 million square feet of industrial space as of December 31, 2020.
First Industrial Realty Trust (NYSE: FR) has announced its Annual Meeting of Stockholders will take place on May 5, 2021, in a virtual format. The record date for the meeting is set for March 11, 2021. As of December 31, 2020, the company owned and had under development approximately 64.1 million square feet of industrial space across the U.S. First Industrial Realty Trust is recognized for its customer service and well-managed industrial properties.
First Industrial Realty Trust (NYSE: FR) reported its fourth quarter and full year 2020 results, showing a diluted net income of $0.65 per share for Q4, down from $0.76 a year ago. Full year EPS was $1.53, a decline from $1.88 in 2019. However, FFO rose to $1.84 per share/unit for the year. The company maintained a high occupancy rate of 95.7% and achieved a 10.4% increase in cash rental rates for Q4. A dividend of $0.27 per share/unit was announced, reflecting an 8% increase. The outlook for 2021 expects continued growth with significant developments planned.
First Industrial Realty Trust (NYSE: FR) announced it will host its fourth quarter and full year 2020 results conference call on February 11, 2021 at 10:00 a.m. CST (11:00 a.m. EST). Results will be released on February 10, 2021, after market close. Investors can access the call by dialing (866) 542-2938, using conference ID 4091295, or via the webcast on the Company's website.
A replay will be available until February 26, 2021. First Industrial, a leader in industrial real estate, manages approximately 64.1 million square feet across major U.S. markets.
First Industrial Realty Trust (NYSE: FR) has announced the tax treatment for its 2020 common stock distributions, with 58% classified as ordinary dividends and 42% as capital gain distributions. Shareholders are advised to consult their tax advisors for personalized guidance. The distributions are based on preliminary tax filing results and are not expected to materially change. Total cash distribution for 2020 is $1.00 per share, including $0.58 as ordinary dividends and $0.42 as capital gain distributions.
First Industrial Realty Trust (NYSE: FR) will host its Virtual Investor Day on November 12, 2020, featuring presentations from senior management about the company's platform, portfolio, and growth opportunities.
The livestream begins at 11:00 a.m. EST and lasts approximately two hours and fifteen minutes. Investors can access the event via the company's website or with the event code FR. Presentation materials will be available for download during the event, and a replay will be accessible within 24 hours.
First Industrial Realty Trust (NYSE: FR) announced a dividend of $0.25 per share for the quarter ending December 31, 2020, to be paid on January 19, 2021. This dividend will be issued to stockholders of record on December 31, 2020. As a leading owner and operator of industrial real estate, First Industrial Realty Trust manages approximately 64.1 million square feet of industrial space across the U.S. The company emphasizes its commitment to delivering outstanding customer service to its diverse clientele.
First Industrial Realty Trust (NYSE: FR) reported Q3 2020 results, showing diluted EPS of $0.28, down from $0.62 YoY. FFO was $0.49 per share/unit, an increase from $0.44. The quarter included $0.04 per share from an insurance settlement. Key highlights include a 20.3% cash rental rate growth and 99% rent collection rate from April to October. Occupancy was 96.3%, slightly down from 97.7% a year ago. The company signed significant leases, including a 221,000 sq. ft. development. Guidance for 2020 indicates FFO between $1.82 to $1.86 per share, reflecting ongoing strong demand in industrial real estate.
First Industrial Realty Trust (NYSE: FR) will announce its Q3 2020 results on October 21, 2020, after market close. A conference call to discuss these results is scheduled for October 22, 2020, at 10:00 a.m. CDT. Interested parties can access the call by calling (866) 542-2938 or via webcast on the company’s website. A replay will be available until November 6, 2020. First Industrial Realty Trust is a prominent owner and developer of industrial real estate, managing about 64 million square feet across the U.S.
On September 1, 2020, First Industrial Realty Trust (NYSE: FR) announced participation in two virtual investor conferences: the BMO 2020 Real Assets Conference and the BofA Securities 2020 Global Real Estate Conference. Presentation materials will be available on the company's website starting September 2. The firm reported strong cash rent collections, achieving 99% for April, May, and August, and 98% for June and July. As of June 30, 2020, First Industrial manages approximately 64 million square feet of industrial space across the U.S.
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