First Industrial Realty reports Q2 FFO 76c, consensus 72c

Reports Q2 revenue $180.16M, consensus $176.74M. “Our diverse portfolio continues to perform strongly with cash rental rate growth among the sector leaders coupled with healthy renewal activity,” said Peter Baccile, CEO. “We look forward to further clarity on tariffs so businesses have the inputs they need to invest in growth which would benefit demand for logistics real estate, including our high quality developments.” “With our first public bond offering since 2007, we further strengthened our capital position, with our next maturity coming due in 2027 assuming exercise of available extension options on one of our bank loans,” said CFO Scott Musil. “We would like to thank our banking partners for their outstanding execution and support in this important transaction for our company.”