First Industrial Realty Trust (FR) Presents At REITweek 2022 Investor Conference - Slideshow

Financial Highlights - Same-store NOI increased by 14.4% in 1Q21[3] - Occupancy reached 98.0% in 1Q21[3] - Cash rental rates were up 12.7% in 1Q21[3] - The company increased its 1Q22 dividend to $0.295 per share, a 9.3% increase[3] - 2022 FFO guidance increased $0.01 at the midpoint to $2.10 to $2.20 per share/unit[3] Portfolio and Market Strategy - The company is focused on a U.S industrial platform concentrated in 15 key logistics markets with a coastal orientation[5] - Approximately 91% of the company's rental revenue is derived from the 15 target markets, with a YE 2023 objective of 95%[10] - The company aims for a 50-55% Coastal market orientation, currently at approximately 51%[10] Development and Investment - The company started five developments in 1Q totaling 1.3 MSF, with an estimated investment of $168 million[3] - In-process developments plus planned 2Q22 start total $751 million of estimated investment and 6.3 MSF[3] - The company estimates creating approximately $900 million of value in the last 6+ years, or approximately $7.10 per share of NAV, through development[18]