FR Stock Recent News

First Industrial Realty released strong Q2 2024 results, delivering solid FFO per share growth. FR showcased robust investment & deal activity during the recent quarter, setting the ground for the upcoming upside. The Company is likely to benefit greatly from the upcoming shift in market conditions.

First Industrial Realty Trust, Inc. (NYSE:FR ) Q2 2024 Earnings Conference Call July 18, 2024 11:00 AM ET Company Participants Art Harmon - SVP of IR and Marketing Peter Baccile - President and CEO Scott Musil - CFO Jojo Yap - CIO Peter Schultz - EVP Chris Schneider - EVP, Operations Bob Walter - EVP, Capital Markets and Asset Management Conference Call Participants Rob Stevenson - Janney Craig Mailman - Citi Ki Bin Kim - Truist Nick Thillman - Baird Rich Anderson - Wedbush Caitlin Burrows - Goldman Sachs Blaine Heck - Wells Fargo Vikram Malhotra - Mizuho Todd Thomas - KeyBanc Capital Markets Jessica Zheng - Green Street Michael Mueller - JPMorgan Greg McGinniss - Scotiabank Brendan Lynch - Barclays Operator Good day, and welcome to the Industrial Realty Trust, Inc. Second Quarter Results Call. All participants will be in listen-only mode.

First Industrial Realty Trust (FR) came out with quarterly funds from operations (FFO) of $0.66 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to FFO of $0.61 per share a year ago.

Signed 1.1 Million Square Feet of New Leases for Speculative Developments in the Second Quarter and Third Quarter To-Date Signed a 212,000 Square-Foot Partial Build-to-Suit Lease in the Second Quarter Started Two Developments in South Florida and the Partial Build-To-Suit in Houston Totaling 683,000 Square Feet, Estimated Investment of $109 Million Renewed Largest 2025 Lease Rollover of 1.3 Million Square Feet Renewed One of the Two Largest Remaining 2024 Expirations in Southern California for 221,000 Square Feet 45% Cash Rental Rate Increase on Leases Signed To-Date Commencing in 2024 Sold Eight Buildings for $90 Million in the Second Quarter and Third Quarter To-Date 2024 NAREIT FFO Guidance Increased $0.03 at the Midpoint to $2.57 to $2.65 Per Share/Unit CHICAGO , July 17, 2024 /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 second quarter of 2024. First

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Industrial Realty Trust (FR) have what it takes?

First Industrial is a quality REIT with a long operating history, focusing on logistics properties in supply-constrained markets. Despite missing Q1 FFO estimates, they expect to FFO and revenue growth of 7.4% and 3.2% respectively in their upcoming Q2. The recent dip in share price presents a buying opportunity, with a price target of $59 and potential for 23% upside.

REITs are the cheapest relative to stocks in over a decade. But not for much longer. Cuts to interest rates could push REITs a lot higher. I highlight two 'Strong Buy' REITs.

CHICAGO , June 25, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will host its second quarter 2024 results conference call on Thursday, July 18, 2024 at 10:00 a.m. CDT (11:00 a.m.

Industrial REITs face challenges due to high supply and low demand, leading to increased vacancy rates and disparity between buyers' and sellers' expectations. However, the market conditions will shift due to significantly decreased new construction starts. FR is well-positioned to benefit from the improvement in market conditions, with no debt maturities until 2026, vast land bank, and solid business metrics.

REITs have crashed due to rising interest rates. But a lot of REITs are doing very well. Here are 3 REITs that could thrive regardless of whether interest rates go up or down.