Welcome to our dedicated page for First Indl Rlty Tr news (Ticker: FR), a resource for investors and traders seeking the latest updates and insights on First Indl Rlty Tr stock.
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 the closure of a $750 million senior unsecured revolving credit facility, replacing the prior facility. The new facility matures on July 7, 2025, with the option to extend. Notably, it offers a lower interest rate of LIBOR + 77.5 basis points, a 32.5 basis point improvement from before. Additionally, the company refinanced a $200 million unsecured term loan due on July 7, 2026, achieving a 65 basis point credit spread improvement. This move supports First Industrial's long-term growth strategy.
First Industrial Realty Trust (NYSE: FR) announces its second quarter 2021 results conference call scheduled for July 22, 2021, at 10:00 a.m. CDT. The results will be released on July 21, 2021, post market close. Interested participants can join the call by dialing (866) 542-2938 with conference ID 8329515, or via live webcast on the company's website. A replay will be available until August 6, 2021. First Industrial Realty Trust specializes in industrial real estate with approximately 64.4 million square feet under ownership or development as of March 31, 2021.
First Industrial Realty Trust (NYSE: FR), a premier industrial real estate operator, will present at Nareit's REITweek: 2021 Investor Conference on June 9 at 11:45 AM EDT. Investors can register for the event via the registration link. Presentation materials will become available on June 8. As of March 31, 2021, the company manages approximately 64.4 million square feet of industrial space.
First Industrial Realty Trust, Inc. (NYSE: FR) has declared a common stock dividend of $0.27 per share for the quarter ending June 30, 2021. This dividend will be payable on July 19, 2021, to stockholders of record on June 30, 2021. The company is recognized for its comprehensive role as an owner, operator, and developer of industrial real estate, managing approximately 64.4 million square feet of space across the U.S. as of March 31, 2021. Investors can find more information on the company's performance and strategies at www.firstindustrial.com.
First Industrial Realty Trust (NYSE: FR) reported Q1 2021 results with EPS of $0.48, up from $0.32 year-over-year. The FFO was $0.46 per share/unit, slightly higher than $0.45 last year. Portfolio occupancy remained stable at 95.7%, rental rates surged by 10.4% on a cash basis. Five new development projects were launched, with plans for further expansion, including projects totaling 963,000 square feet in Q2. The company paid an increased dividend of $0.27 per share, reflecting an 8% rise. 2021 guidance estimates net income between $1.17 and $1.27 per share.
First Industrial Realty Trust (NYSE: FR) announced the retirement of David G. Harker, Executive Vice President – Central Region, effective June 30, 2021. Harker has been with the company since 1998, contributing significantly to its operations and portfolio transformation. As part of the succession plan, Johannson L. Yap and Peter O. Schultz will take over Harker's responsibilities. CEO Peter E. Baccile acknowledged Harker's impact on the company and its shareholders. The company continues to operate approximately 64.1 million square feet of industrial space as of December 31, 2020.
First Industrial Realty Trust (NYSE: FR) will announce its first quarter 2021 results on April 21, 2021, after market close. A conference call to discuss the results is scheduled for April 22, 2021, at 10:00 a.m. CDT. Interested parties can join the call at (866) 542-2938 using conference ID 9193527 or listen via the Company’s website. A replay will be available until May 7, 2021. As of December 31, 2020, First Industrial owned and managed approximately 64.1 million square feet of industrial space in the U.S.
On March 5, 2021, First Industrial Realty Trust (NYSE: FR) announced its participation in Citi's 2021 Virtual Global Property CEO Conference. The presentation is scheduled for March 9, 2021, at 10:30 AM EST. A live webcast will be available on the company’s website, with a replay accessible until May 31, 2021. This leading industrial real estate owner and operator boasts approximately 64.1 million square feet under its management as of December 31, 2020, serving both multinational and regional customers.
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.
FAQ
What is the current stock price of First Indl Rlty Tr (FR)?
What is the market cap of First Indl Rlty Tr (FR)?
What is the primary business focus of First Industrial Realty Trust Inc?
How does the company generate its revenue?
What types of properties are included in First Industrial's portfolio?
Who are the typical tenants of First Industrial Realty Trust?
How does the company maintain quality and responsiveness in its services?
What differentiates First Industrial Realty Trust from other REITs?
How does the company manage market fluctuations?
What is the significance of an integrated operating platform for the company?
