First Industrial Realty Trust ( (FR) ) has released its Q3 earnings. Here is a breakdown of the information First Industrial Realty Trust presented to its investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
First Industrial Realty Trust, Inc. is a U.S.-based company specializing in the ownership, operation, and development of logistics properties, focusing on supply-constrained, coastally oriented markets. In its third quarter of 2025, the company reported significant achievements, including the signing of 772,000 square feet of new leases for development projects and a notable increase in cash rental rates. The company’s diluted net income per share was $0.49, down from $0.75 a year ago, while funds from operations (FFO) per share increased to $0.76 from $0.68. The company also reported a 32% cash rental rate increase on leases commencing in 2025 and a 31% increase for 2026. Additionally, First Industrial Realty Trust raised its 2025 NAREIT FFO guidance midpoint by $0.04 to a range of $2.94 to $2.98 per share/unit. The company maintained a strong portfolio performance with an in-service occupancy of 94.0% at the end of the third quarter. Looking ahead, First Industrial Realty Trust remains focused on capturing growth opportunities within its development and portfolio, with expectations of continued rent growth on future lease signings.