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First Industrial Realty Trust (FR)
NYSE:FR
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 16, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.37Last Year’s EPS
0.52Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: 5.99%
|Next Earnings Date:Apr 16, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance and growth in development leasing, alongside challenges in market vacancies and regional leasing issues. Positive cash rental rate growth, development success, and dividend increases indicate strong operational performance, but are tempered by market challenges such as increased vacancies and regional issues.Company Guidance
In the recent earnings call, First Industrial Realty Trust Inc. provided guidance for 2025, projecting a 10% growth in Funds From Operations (FFO) based on the midpoint of their guidance, with an expected range of $2.87 to $2.97 per share. The company experienced strong performance in 2024, achieving significant cash rental rate growth and leasing activity, including 4.7 million square feet of development leases, far exceeding their original target of 2.8 million square feet. They reported an in-service occupancy rate of 96.2% at year-end 2024 and anticipate maintaining an average occupancy between 95% and 96% for 2025. For asset sales, they expect to generate up to $75 million, a reduction from previous years following $163 million in 2024. Additionally, First Industrial announced a 20.3% increase in their quarterly dividend to $0.445 per share, reflecting their strong cash flow growth outlook.Strong Cash Rental Rate Growth
Achieved strong cash rental rate growth on leasing, marking back-to-back years of 50+% growth in this metric.
Development Leasing Success
Signed 4.7 million square feet of development leases in 2024, exceeding the budgeted 2.8 million square feet.
Dividend Increase
Declared a dividend of 44.5 cents per share, a 20.3% increase aligned with anticipated cash flow growth.
FFO Growth
NAREIT FFO per fully diluted share grew 8.6% to $2.65 in 2024, with expectations of 10% growth in 2025.
High In-Service Occupancy
Ended the year with in-service occupancy of 96.2%, up 120 basis points from the third quarter and 70 basis points from year-end 2023.
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FR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $53.80 | $55.15 | +2.51% |
| Oct 16, 2024 | $55.49 | $54.28 | -2.18% |
| Jul 17, 2024 | $50.72 | $52.20 | +2.92% |
| Apr 17, 2024 | $47.55 | $45.07 | -5.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does First Industrial Realty Trust (FR) report earnings?
First Industrial Realty Trust (FR) is schdueled to report earning on Apr 16, 2025, TBA Not Confirmed.
What is First Industrial Realty Trust (FR) earnings time?
First Industrial Realty Trust (FR) earnings time is at Apr 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FR EPS forecast?
FR EPS forecast for the fiscal quarter 2025 (Q1) is 0.37.
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