FR Stock Recent News

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?

CHICAGO , Aug. 1, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced that its board of directors declared a common stock dividend of $0.37 per share/unit for the quarter ending September 30, 2024 payable on October 21, 2024 to stockholders of record on September 30, 2024. About First Industrial Realty Trust, Inc. First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties.

Invest in stocks such as Globe Life (GL), WisdomTree, Inc. (WT) and First Industrial Realty Trust (FR) as of now for superb earnings growth.

Second quarter earnings reports from Prologis and First Industrial indicate growth returning to the industrial sector. Industrial real estate market rental rates stopped growing in late 2023, but recent data suggests supply is subsiding, demand is returning, and rates are increasing. Mark-to-market opportunities for industrial REITs range from 20% to 100%, indicating stabilized P/FFO multiples of 10X to 14X.

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.