First Indust.Realty Trust

First Industrial Realty Trust, Inc. (NYSE:FR ) Q1 2025 Earnings Conference Call April 17, 2025 11:00 AM ET Company Participants Art Harmon - SVP, IR and Marketing Peter Baccile - President and CEO Scott Musil - CFO Jojo Yap - CIO Peter Schultz - EVP Conference Call Participants Ki Bin Kim - Truist Craig Mailman - Citi Rob Stevenson - Janney Vikram Malhotra - Morgan Stanley Michael Carroll - RBC Capital Markets Nick Yulico - Scotiabank Caitlin Burrows - Goldman Sachs Blaine Heck - Wells Fargo Rich Anderson - Wedbush Securities Mike Mueller - JPMorgan Vince Tibone - Green Street Advisors Brendan Lynch - Barclays Operator Good day, and welcome to the First Industrial Realty Trust, Inc. First Quarter 2025 Results Call. All participants will be in a listen-only mode.» Mehr auf seekingalpha.com

First Industrial Realty Trust (FR) came out with quarterly funds from operations (FFO) of $0.68 per share, missing the Zacks Consensus Estimate of $0.70 per share. This compares to FFO of $0.60 per share a year ago.» Mehr auf zacks.com

Cash Same Store NOI Growth of 10.1% Cash Rental Rates Up 42% in 1Q25 30% Cash Rental Rate Increase on Leases Signed To-Date Commencing in 2025; 36% Increase Excluding 1.3 Million Square-Foot Fixed-Rate Renewal Acquired Two 100% Leased Buildings from Our Camelback 303 JV in Phoenix; 796,000 Square Feet, $120 Million Purchase Price, Net of Our Share of Gain on Sale and Promote, Cash Yield of 6.4% Two Planned Development Starts for 2Q25 Totaling 402,000 Square Feet in Dallas and Philadelphia, $54 Million Estimated Investment, Estimated Combined Cash Yield of 8% Renewed Unsecured Revolving Credit Facility, Upsizing It $100 Million to $850 Million, and Renewed $200 Million Unsecured Term Loan Increased First Quarter 2025 Dividend to $0.445 Per Share, a 20.3% Increase CHICAGO , April 16, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced results for the first quarter of 2025. First Industrial's diluted net income available to common stockholders per share (EPS) was $0.36 in the first quarter, compared to $0.52 a year ago and first quarter funds from operations (FFO) was $0.68 per share/unit on a diluted basis, compared to $0.60 per share/unit a year ago.» Mehr auf prnewswire.com