First Industrial Realty Trust (FR) Q4 FFO and Revenues Top Estimates

Core Viewpoint - First Industrial Realty Trust reported strong quarterly funds from operations (FFO) of $0.71 per share, exceeding the Zacks Consensus Estimate of $0.69 per share, and showing an increase from $0.63 per share a year ago [1][2] Financial Performance - The company achieved revenues of $175.59 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.60%, compared to $157.28 million in the same quarter last year [2] - Over the last four quarters, First Industrial Realty Trust has exceeded consensus FFO estimates three times and topped revenue estimates four times [2] Stock Performance - Since the beginning of the year, First Industrial Realty Trust shares have increased by approximately 7.2%, outperforming the S&P 500's gain of 2.7% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - The current consensus FFO estimate for the upcoming quarter is $0.68 on revenues of $173.08 million, and for the current fiscal year, it is $2.86 on revenues of $702.14 million [7] - The estimate revisions trend for First Industrial Realty Trust is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The REIT and Equity Trust - Other industry is currently ranked in the bottom 33% of over 250 Zacks industries, suggesting that the outlook for the industry could significantly impact the stock's performance [8]