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First Industrial Realty Trust Inc   (NYSE: FR)
Other Ticker:  
 
 
Price: $49.9500 $0.79 1.607%
Day's High: $50.325 Week Perf: 0.87 %
Day's Low: $ 49.31 30 Day Perf: -4.46 %
Volume (M): 647 52 Wk High: $ 57.35
Volume (M$): $ 32,333 52 Wk Avg: $51.82
Open: $49.31 52 Wk Low: $45.10



 Market Capitalization (Millions $) 6,614
 Shares Outstanding (Millions) 132
 Employees 108
 Revenues (TTM) (Millions $) 642
 Net Income (TTM) (Millions $) 342
 Cash Flow (TTM) (Millions $) -13
 Capital Exp. (TTM) (Millions $) 86

First Industrial Realty Trust Inc
First Industrial Realty Trust Inc is a real estate investment trust (REIT) that specializes in the acquisition, development, and management of industrial real estate properties in the United States. Founded in 1993 and headquartered in Chicago, Illinois, the company owns and operates over 500 industrial properties totaling more than 67 million square feet in size.

First Industrial's portfolio of properties includes distribution centers, warehouses, light industrial facilities, and manufacturing buildings located in major metropolitan areas, logistic hubs, and intermodal facilities. The company's properties are leased primarily to logistics companies, e-commerce businesses, and light manufacturing firms.

First Industrial's business model centers around generating consistent rental income from its properties. To ensure long-term tenant occupancy, the company focuses on building relationships with tenants, offering high-quality properties and services, and maintaining a strong network of institutional and corporate customers.

The company has a diversified tenant base, which helps to mitigate risks and potential downturns in any single industry. Some of First Industrial's largest tenants include Amazon, General Electric, and Fedex.

First Industrial has a strong balance sheet and access to capital, which it uses to fund property acquisitions, development, and renovations. The company also employs a disciplined approach to risk management and has a strong track record of delivering consistent financial performance to shareholders.

Overall, First Industrial Realty Trust Inc is a well-established, financially stable company that has been successful in the industrial real estate market for nearly 30 years.


   Company Address: One North Wacker Drive, Suite 4200 Chicago 60606 IL
   Company Phone Number: 344-4300   Stock Exchange / Ticker: NYSE FR


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AVB     
EGP        2.21% 
ILPT        2.29% 
PLD        2.29% 
REXR        1.33% 
STAG        1.33% 
• View Complete Report
   



First Industrial Realty Trust Inc

First Industrial Realty Trust Inc (NYSE: FR) Soars to New Heights in First Quarter Financial Results

First Industrial Realty Trust Inc (NYSE: FR) has reported strong financial results for the first financial time-frame ending March 31, 2024. The company saw a significant increase in revenue, with a growth of 8.599% to $162.27 million compared to $149.42 million in the same period last year. This growth in revenue can be attributed to the company's focus on logistics real estate, which has been performing well in the current market conditions.
Moreover, the company recorded a profit elevation of 23.81% to $0.52 per share, as compared to $0.42 in the prior year financial reporting period. This increase in profit showcases the company's ability to generate strong returns for its shareholders. However, in contrast to this positive news, the company saw a slight decline in operating margin to 37.73%. Despite this, the net margin actually improved to 43.44%, indicating the company's ability to maximize its profitability.

First Industrial Realty Trust Inc

2. First Industrial Realty Trust Inc Continues to Showcase Strong Financial Performance in Fourth Quarter of 2023

The financial fourth quarter of 2023 has proven to be a strong period of growth for First Industrial Realty Trust Inc, with revenue and earnings per share both experiencing significant increases compared to the prior year quarter. The company reported a revenue increase of 8.756% to $157.28 million, and EPS grew by 10.35% to $0.67 per share.
Despite falling slightly below the average revenue gain of Real Estate Investment Trusts sector peers, First Industrial Realty Trust Inc has shown promising growth in both revenue and earnings. The company's net margin rose to 58.3% and operating margin increased to 40.63%, indicating improving profit margins. Operating earnings also rose by 11.22% to $63.908 million, demonstrating strong operational performance.
Furthermore, the increase in accounts receivable suggests rising demand for the company's services, further supporting the positive outlook for future growth. With a solid net income of $285.84 million for the financial period of 2023, First Industrial Realty Trust Inc has demonstrated its ability to generate strong profits.

First Industrial Realty Trust Inc

First Industrial Realty Trust Inc. Sees Respectable Revenue Growth Despite Challenging Real Estate Market Conditions

Real Estate Investment Trusts (REITs) are facing a challenging period, as demonstrated by the recent financial results of First Industrial Realty Trust Inc. In the most recent fiscal period, the company witnessed a decline in earnings per share (EPS), while experiencing a rise in revenue.
Net profit per share dropped by 39.36% to $0.57 per share, indicating a decrease in profitability for First Industrial Realty Trust Inc. However, the company managed to increase its revenue by 10.985% to $155.11 million compared to the corresponding quarter a year ago. This is a positive sign for the company, as it suggests that they have been able to generate more sales despite the drop in profitability.

First Industrial Realty Trust Inc

First Industrial Realty Trust Inc Reports a 53.41% Plunge in Net Profit per Share Despite a 17.05% Rise in Q2 2023 Revenue

First Industrial Realty Trust Inc, a prominent player in the stock market, recently released its financial report for the April to June 2023 period. While there was a slight decline in their bottom-line, the company witnessed a commendable increase in revenue. This positive growth indicates that First Industrial Realty Trust Inc is well-positioned to overcome any setbacks and make significant progress in the coming quarters.
Despite a drop of -53.41% in net profit per share to $0.41, First Industrial Realty Trust Inc managed to achieve a 17.05% rise in revenue, reaching $152.22 million. This demonstrates the company's ability to adapt to market conditions and capitalize on opportunities for expansion. Comparing these figures to the same reporting season from last year, we can see an even more impressive growth rate, with earnings per share decreasing by only -2.38% from $0.42 and revenue increasing by 1.874% from $149.42 million.







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