First Industrial Earnings Reports

The company saw increased EPS and FFO, solid growth in same-store NOI, and strong leasing performance, while expanding development and investment activity.

First Industrial Realty Trust announced its Q4 and full year 2024 results. The company's EPS was $0.52 in the fourth quarter, while FFO was $0.71 per share/unit. In service occupancy was 96.2% at the end of the fourth quarter of 2024.

First Industrial Realty Trust reported a diluted net income per share of $0.75 and FFO of $0.68 per share/unit. The company achieved a 51% cash rental rate increase on leases commencing in 2024 and 7.6% cash same store NOI growth. They also increased their 2024 NAREIT FFO guidance by $0.02 at the midpoint.

First Industrial Realty Trust reported a diluted EPS of $0.39 for the second quarter of 2024, compared to $0.41 a year ago. Second quarter funds from operations (FFO) was $0.66 per share/unit on a diluted basis, compared to $0.61 per share/unit a year ago. The company signed 1.1 million square feet of new leases for speculative developments in the second quarter and third quarter to-date and increased 2024 NAREIT FFO guidance $0.03 at the midpoint to $2.57 to $2.65 Per Share/Unit.

First Industrial Realty Trust reported strong first quarter 2024 results, marked by significant leasing activity and rental rate increases. The company signed 1.6 million square feet of new leases for speculative developments and achieved a 45% cash rental rate increase on leases commencing in 2024. Cash Same Store NOI grew by 10.0%.

First Industrial Realty Trust reported a diluted net income available to common stockholders per share (EPS) of $0.67 in the fourth quarter, compared to $0.62 a year ago. The fourth quarter FFO was $0.63 per share/unit on a diluted basis, compared to $0.60 per share/unit a year ago. In service occupancy was 95.5% at the end of the fourth quarter of 2023.

First Industrial Realty Trust reported a diluted net income per share (EPS) of $0.57. Third quarter FFO was $0.62 per share/unit on a diluted basis.

First Industrial Realty Trust reported strong second-quarter results, highlighted by a 10.8% increase in same-store cash net operating income and a record 74% cash rental rate growth on new and renewal leases. The company also increased its 2023 FFO guidance by $0.01 at the midpoint.

First Industrial Realty Trust reported a strong first quarter in 2023, with significant growth in EPS and FFO. The company achieved a record cash rental rate change and maintained high occupancy. They also increased their FFO per share guidance for the year.

First Industrial Realty Trust reported a diluted net income per share (EPS) of $0.62 for the fourth quarter, and FFO of $0.60 per share. Year-end occupancy reached 98.8%, with cash rental rates increasing by 41.1% during the quarter.

First Industrial Realty Trust reported a strong third quarter in 2022, with EPS of $0.94 and FFO of $0.60 per share/unit. The company saw growth in occupancy and rental rates, and increased its FFO per share guidance.

First Industrial Realty Trust reported a strong second quarter in 2022, with EPS of $0.88 compared to $0.40 a year ago, and FFO of $0.56 per share/unit on a diluted basis, compared to $0.48 per share/unit a year ago. The company experienced high occupancy rates, increased rental rates, and growth in same property cash basis net operating income.

First Industrial Realty Trust reported strong first-quarter 2022 results, with EPS of $0.27 and FFO of $0.53 per share/unit. The company saw a 14.4% increase in cash same-store NOI and an occupancy rate of 98.0%. They also increased the dividend by 9.3% to $0.295 per share.

First Industrial Realty Trust reported strong fourth-quarter results with an EPS of $0.87, compared to $0.65 a year ago. The company's occupancy rate was 98.1%, and cash rental rates increased by 17.7% during the quarter. They also initiated 2022 FFO guidance at a range of $2.09 to $2.19 Per Share/Unit.

First Industrial Realty Trust reported a strong third quarter with an increase in occupancy to 97.1% and a 6.9% increase in same property cash basis net operating income. The company also saw significant rent growth and continued execution on its development pipeline.

First Industrial Realty Trust reported a strong second quarter with EPS of $0.40 and FFO of $0.48 per share/unit. The company saw increased occupancy, strong cash rental rate growth, and significant development leasing activity.

First Industrial Realty Trust reported a strong first quarter in 2021, with EPS of $0.48 compared to $0.32 a year ago and FFO of $0.46 per share/unit on a diluted basis, compared to $0.45 per share/unit a year ago. The company saw an increase in rental rates and continued strength in the industrial real estate market.

First Industrial Realty Trust reported fourth-quarter EPS of $0.65, compared to $0.76 a year ago and FFO of $0.44 per share/unit on a diluted basis, compared to $0.45 per share/unit a year ago. In service occupancy was 95.7% at the end of the fourth quarter of 2020.

First Industrial Realty Trust reported a successful third quarter of 2020, with diluted net income available to common stockholders per share (EPS) of $0.28 compared to $0.62 a year ago. Third quarter FFO was $0.49 per share/unit on a diluted basis, compared to $0.44 per share/unit a year ago. The company collected 99% of monthly rental billings and experienced strong cash rental rate growth of 20.3%.

First Industrial Realty Trust reported second quarter results with a diluted net income of $0.28 per share and FFO of $0.46 per share/unit. The company achieved a high occupancy rate of 97.7% and strong cash collections of monthly rental billings, demonstrating resilience in a challenging operating environment.

First Industrial Realty Trust reported a strong first quarter with EPS of $0.32 compared to $0.19 a year ago. FFO was $0.45 per share/unit on a diluted basis, compared to $0.41 per share/unit a year ago. The company placed in service the Ferrero build-to-suit development in Phoenix and acquired Nottingham Ridge Logistics Center in Baltimore.

First Industrial Realty Trust reported a diluted net income per share of $0.76 for the fourth quarter of 2019, compared to $0.40 a year ago. The company's fourth quarter FFO was $0.45 per share/unit on a diluted basis, compared to $0.42 per share/unit a year ago. Cash rental rates were up 9.7% and occupancy was 97.6%.