FR Stock Recent News

First Industrial Realty Trust's revenue and funds from operations have shown positive growth, with strong lease renewal activity driving net operating income growth. With imports and e-commerce activity picking up, demand should strengthen in 2024. Despite some challenges, such as inflation in operating expenses and slower leasing of new space, the company is well-positioned for continued growth and has the potential for increased FFO margins.

Americans just set a record on Thanksgiving shopping, spending $5.6 billion. I expect Industrial REITs to reap strong rewards from the growth in eCommerce shopping that we're seeing during the holidays. And right now, two of our top three highest-rated industrial REITs are offering attractive, double-digit margins of safety.

First Industrial shares have fallen due to rising interest rates, supply pressure, and a slowdown in tenant leasing. Operating results remain strong with mark-to-market rent increases driving NOI higher. The company is poised for continued growth from same-store NOI growth and development projects, with potential for a 60-75% upside in shares.

First Industrial Realty Trust, Inc. (FR) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for First Industrial Realty Trust (FR) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

First Industrial is a self-managed REIT specializing in distribution centers and light industrial properties in large, supply-scare MSAs in the U.S. The company has a strong balance sheet, high occupancy rates, and a robust development pipeline. The stock is reasonably priced with a very well-covered and growing dividend, especially considering its very high cash rent growth.

CHICAGO , Oct. 4, 2023 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will host its third quarter 2023 results conference call on Thursday, October 19, 2023 at 10:00 a.m. CDT (11:00 a.m.

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 reported strong Q2 results, which included another quarter of record cash rental growth. Results were also accompanied with positive revisions to expectations for full-year FFO and cash rental growth. Despite the strong growth rates, the company appears to be facing little pushback, as assessed through occupancy and retention rates.

First Industrial Realty Trust, Inc. (NYSE:FR ) Q2 2023 Earnings Conference Call July 20, 2023 11:00 AM ET Company Participants Art Harmon - Vice President, Investor Relations & Marketing Peter Baccile - President & Chief Executive Officer Scott Musil - Chief Financial Officer Jojo Yap - Chief Investment Officer Peter Schultz - Executive Vice President Chris Schneider - Senior Vice President, Operations Conference Call Participants Rob Stevenson - Janney Michael Carroll - RBC Capital Markets Craig Mailman - Citi Ki Bin Kim - Truist Nick Thillman - Baird Nicholas Yulico - Scotiabank Anthony Powell - Barclays Caitlin Burrows - Goldman Sachs Todd Thomas - KeyBanc Capital Markets Michael Mueller - JPMorgan Jessica Zheng - Green Street Vikram Malhotra - Mizuho Operator Good morning and welcome to the First Industrial Realty Trust, Inc. Second Quarter Results Call. All participants will be in listen-only mode.