PRESS RELEASEParis, January 6, 2025 Information on the total number of voting rightsand shares forming the share capital(Article L.233-8 II of the French Commercial Code andArticle 223-16 of the General Regulation of the French Financial Markets Authority) DateIssued capitalPar valueTotal number of sharesTotal number of voting rightsTheoretical*Exercisable**December 31, 2024€ 244,633,504<td style="width:69. ...

Financial Data and Key Metrics Changes - NAREIT funds from operations increased to $0.68 per fully diluted share compared to $0.62 per share in Q3 2023, reflecting a growth of 9.7% year-over-year [9] - Cash same-store NOI growth for the quarter was 7.6%, driven by increases in rental rates on new and renewal leasing, with an adjusted growth of 11.9% when including tenant improvement reimbursements [9][10] - In-service occupancy finished at 95%, with approximately 200 basis points of lease-up opportunity from developments placed in service in 2023 and 2024 [10] Business Line Data and Key Metrics Changes - Renewal leasing remained strong, achieving a cash rental rate increase of 51% for 2024 expirations, following a 58% increase for 2023 commencements [6] - Approximately 3.5 million square feet of leases commenced in the quarter, with 500,000 square feet being new leases, 2.2 million square feet for renewals, and 900,000 square feet for developments and acquisitions [10] Market Data and Key Metrics Changes - The U.S. industrial market vacancy increased by 10 basis points to 5.8%, with third-quarter completions totaling 87 million square feet, down approximately 30% from the previous quarter [5] - In target markets, completions were 45 million square feet, down 40% from the prior quarter, while new starts totaled 36 million square feet, down 68% from the peak in Q3 2022 [5] Company Strategy and Development Direction - The company is focused on capital deployment and monitoring demand and competing supply in target investment markets, with a new development launched in Nashville projected at $54 million and an expected cash yield of approximately 7% [7][8] - The company has a strong balance sheet with no maturities until 2026, allowing for flexibility in capital allocation [14] Management's Comments on Operating Environment and Future Outlook - Management noted that while renewal activity is strong, new growth investments are being delayed due to macroeconomic uncertainties and geopolitical issues [33][38] - The company anticipates that the dynamics of the market will shift as alternatives for potential tenants are absorbed, particularly in markets like Southern California, New Jersey, and South Florida [17][18] Other Important Information - The company sold a portfolio in New Jersey for $82 million and has completed year-to-date dispositions totaling $157 million [8] - The impact of California's AB-98 legislation is expected to be a tailwind for the company, increasing the value of existing assets and putting upward pressure on rents [54][55] Q&A Session Summary Question: Can you discuss the drivers for occupancy guidance? - Management indicated that development leasing is key to achieving higher occupancy, with 400,000 square feet of development leasing included in guidance for Q4 [15][16] Question: What markets are poised for growth? - Management highlighted strong rent growth in Southern California, New Jersey, and South Florida, with traction also seen in Pennsylvania, Nashville, and Houston [17][18] Question: What is the status of the Boohoo lease? - Management confirmed that Boohoo is current on rent and plans to sublet the building, with a security deposit in place to cover potential rent shortfalls [21][23] Question: How does the election impact tenant decision-making? - Management noted that tenants are cautious about new growth investments until the economic landscape stabilizes post-election [38] Question: What is the outlook for market rent growth? - Management indicated that overall rents are flattish to slightly up, with Southern California seeing increases of 2% to 3% year-over-year [42] Question: How is the transaction market performing? - Management observed significant capital chasing opportunities, with increased competition for transactions and a decrease in cap rates by about 25 basis points over the last three months [44][45]

First Industrial Realty Trust (FR) came out with quarterly funds from operations (FFO) of $0.68 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to FFO of $0.62 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 1.49%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.64 per share when it actually produced FFO of $0.66, delivering a surprise of 3.13%. Over the ...

CHICAGO, Oct. 1, 2024 /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 2024 results conference call on Thursday, October 17, 2024 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 ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yi ...

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, ope ...

Irrespective of whether it is a start-up or a celebrated company, earnings growth is the top priority for any organization. This is because if the company doesn't make money, it won't survive. To shortlist stocks that have striking earnings growth and positive estimate revisions, we analyzed the following parameters: % Change EPS F(0)/F(-1) greater than or equal to 5 (companies that saw year-over-year earnings growth of 5% or more in the last reported fiscal). % Change F1 Estimates over the last 4 weeks gre ...

The following discussion about our risk-management activities includes "forward-looking statements" that involve risk and uncertainties. Actual results could differ materially from those projected in the forward-looking statements. Our business subjects us to market risk from interest rates, as described below. The following analysis presents the hypothetical gain or loss in earnings, cash flows or fair value of the financial instruments and derivative instruments that are held by us at June 30, 2024 that a ...

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. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 3.13%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.62 per share when it actually produced FFO of $0.60, delivering a surprise of -3.23%. Over the ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-----------------------------|--------|-----------------------------|-------|----------------------------------|-------|-------------------------| | Statements of Operations and Other Data: | | | Three \nJune 30, 2024 | Months | Ended \nJune 30, 2023 | | Six Months \nJune 30, 2024 | | Ended \nJu ...