First Industrial Realty Trust, Inc. ( FR ) is one of my favorite real estate investment trust, or REIT, holdings, and certainly a top-tier pick in the industrial space. I've been bullish on FR since June 2024Welcome to Cash Flow Venue, where dividends do the heavy lifting! Blending my financial chops with the timeless wisdom of value investing (and love for steady income), I’ve built a rock-solid pillar in my financial foundation through dividend investing. I believe it’s one of the most accessible paths to ...

Company Overview - Valeo is a technology company that partners with automakers and new mobility players, focusing on making mobility cleaner, safer, and smarter [3] - The company has a strong technological and industrial leadership in four key areas: electrification, driving assistance systems, interior experience reinvention, and lighting [3] Financial Performance - Valeo reported sales of €21.5 billion in 2024 [4] - As of December 31, 2024, the company employed 106,100 people across 28 countries, operating 155 plants and 46 research and development centers [4] Share Capital and Voting Rights - As of March 31, 2025, Valeo's issued capital was €244,633,504, with a total of 244,633,504 shares [1] - The total number of theoretical voting rights was 274,270,662, while the total number of exercisable voting rights was 273,803,785 [1][2]

PRESS RELEASE Availability of the 2024 Universal Registration Document Paris, March 28, 2025 - Valeo announces that its 2024 Universal Registration Document was filed with the French financial markets authority (Autorité des marchés financiers – AMF) on March 27, 2025 under number D.25-0180. The 2024 Universal Registration Document includes the Integrated Report, the Annual Financial Report, the Board of Directors’ Corporate Governance Report, the Sustainability Report, as well as a description of the Comp ...

CHICAGO, March 28, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will host its first quarter 2025 results conference call on Thursday, April 17, 2025 at 10:00 a.m. CDT (11:00 a.m. EDT). The conference call may be accessed by dialing (877) 870-4263, passcode "First Industrial". The conference call will also be webcast live on the Investors page of the Company's website at www.firstindustrial.com. First I ...

PRESS RELEASE Valeo Shareholders' Meeting 2025 Paris, March 26, 2025 - Valeo hereby informs its shareholders that its Combined (ordinary and extraordinary) Shareholders' Meeting will be held at 2:30 pm on May 22, 2025 at 3 Mazarium, 3 Rue Mazarine, 75006 Paris. During this Shareholders' Meeting, shareholders will be asked, in particular, to approve Valeo's financial statements as well as the Group's consolidated financial statements for the financial year ended December 31, 2024, to allocate the earnings fo ...

Core Viewpoint - First Industrial Realty Trust, Inc. has successfully closed an $850 million senior unsecured revolving credit facility, enhancing its financial capacity and extending maturity dates to support long-term growth [1][2][7] Financing Details - The new revolving credit facility matures on March 16, 2029, with options for two six-month extensions, and includes an additional $100 million in capacity [1][2] - Initial interest payments are set at SOFR plus 77.5 basis points, with a facility fee of 15 basis points, and an accordion feature allowing for an increase in borrowing capacity to $1 billion [2] - The company has also refinanced a $200 million unsecured term loan, maturing on March 17, 2028, with similar interest terms [4][5] Credit Metrics - The pricing for both the revolving credit facility and the term loan is based on a favorable credit rating of BBB+/Baa1/BBB+, despite the current ratings being BBB/Baa2/BBB [6] - This pricing is contingent on maintaining a consolidated leverage ratio below 35.0% [6] Company Overview - First Industrial Realty Trust, Inc. is a leading owner, operator, developer, and acquirer of logistics properties in the U.S., focusing on high-quality facilities essential for supply chains [7] - The company owns and has under development approximately 69.5 million square feet of industrial space as of December 31, 2024, concentrated in 15 target metropolitan statistical areas [7]

Company Overview - Valeo is a technology company that partners with automakers and new mobility players, focusing on making mobility cleaner, safer, and smarter [3] - The company has technological and industrial leadership in four key areas: electrification, driving assistance systems, interior experience reinvention, and lighting, which are essential for the transformation of mobility [3] Financial Performance - Valeo reported sales of €21.5 billion in 2024 [4] - As of December 31, 2024, the company employed 109,600 people across 28 countries, operating 155 plants and 46 research and development centers, along with 18 distribution platforms [4] Share Capital and Voting Rights - As of February 28, 2025, Valeo's issued capital was €244,633,504, with a total of 244,633,504 shares and 274,030,560 theoretical voting rights [1] - The total number of exercisable voting rights, excluding shares deprived of voting rights, was 272,337,362 [2]

Company Overview - First Industrial Realty Trust, Inc. is a leading U.S.-only owner, operator, developer, and acquirer of logistics properties [3] - The company provides high-quality facilities and industry-leading customer service to multinational corporations and regional firms essential for their supply chains [3] - As of December 31, 2024, the company owns and has under development approximately 69.5 million square feet of industrial space [3] Upcoming Events - The company will present at Citi's 2025 Global Property CEO Conference on March 4, 2025, at 11:40 a.m. EST [1] - A live webcast of the presentation will be available on the company's website, with a replay accessible through May 31, 2025 [2] - Presentation materials for the conference will be available in the Investors section of the company website on March 3, 2025 [2] Market Focus - The company's portfolio and new investments are concentrated in 15 target metropolitan statistical areas (MSAs) with an emphasis on supply-constrained, coastally oriented markets [3]

Core Insights - Valeo achieved its profitability and cash generation objectives in 2024, with a focus on improving financial performance in 2025 through attractive offerings and cost management [1][2][5] - The company aims for structurally higher profitability and cash generation in 2025, targeting sales between €21.5 billion and €22.5 billion, an EBITDA margin of 13.5% to 14.5%, and free cash flow of €700 million to €800 million before one-off restructuring costs [4][60] Financial Performance - In 2024, Valeo reported sales of €21,492 million, a decrease of 0.5% on a like-for-like basis compared to 2023 [4][11] - EBITDA increased by 8% to €2,863 million, representing 13.3% of sales, which is an improvement of 1.3 percentage points year-on-year [4][40] - Operating margin rose by 9.7% to €919 million, accounting for 4.3% of sales, up 0.5 percentage points from the previous year [4][40] - Free cash flow before one-off restructuring costs was €551 million, exceeding guidance, while after one-off costs, it stood at €481 million [4][49] Debt and Dividend - Net debt decreased by €215 million to €3,813 million, with a leverage ratio of 1.3x EBITDA [4][50] - A dividend of €0.42 per share is proposed, reflecting a 5% increase compared to 2023 [4][54] Market Dynamics - Original equipment sales fell by 2% on a like-for-like basis in 2024, significantly impacted by lower production levels in certain European electric vehicle platforms [19][26] - Aftermarket sales increased by 4% on a like-for-like basis, driven by an aging vehicle fleet and enhanced product offerings [15][19] - New orders for 2024 totaled €17.8 billion, down from previous years due to postponements and cancellations by automaker customers [55][59] Strategic Initiatives - Valeo's Move Up strategic plan is set to conclude in 2025, with a focus on cost reduction and improved profitability [6] - The company is pursuing a divestment strategy for non-strategic assets, aiming to dispose of assets worth €500 million [51][52] - Valeo's commitment to sustainability is reflected in its first sustainability report, integrating sustainability into its strategy and operations [3]

Core Viewpoint - First Industrial Realty Trust, Inc. (FR) is showing potential for a bullish breakout due to a recent "golden cross" formation in its moving averages [1][2]. Technical Indicators - FR's 50-day simple moving average has crossed above its 200-day simple moving average, indicating a bullish signal known as a "golden cross" [1][2]. - A golden cross typically signifies a bullish breakout and is characterized by a stock's short-term moving average surpassing a longer-term moving average [2]. Market Performance - Over the last four weeks, FR's stock price has increased by 7.6%, suggesting positive momentum [4]. - The company currently holds a 3 (Hold) rating on the Zacks Rank, indicating a neutral outlook [4]. Earnings Expectations - There have been three upward revisions in earnings expectations for the current quarter, with no downward changes in the past 60 days, which supports the bullish sentiment [4]. - The Zacks Consensus Estimate for FR has also increased, further reinforcing the positive outlook for the company [4]. Investment Consideration - Given the technical indicators and positive earnings revisions, investors are encouraged to consider adding FR to their watchlist [5].