The earnings call highlighted strong rental rate growth and successful leasing activities, along with a favorable Fitch upgrade and bond offering. However, challenges such as a decline in occupancy, increased interest expenses, and tariff uncertainties were noted. While positive aspects were significant, the lowlights suggest a balanced outlook.

Company Guidance

During the First Industrial Realty Trust, Inc. Second Quarter 2025 Results Call, the company provided guidance for the fiscal year. The guidance for NAREIT funds from operations (FFO) was maintained at $2.92 per share at the midpoint, with a narrowed range of $2.88 to $2.96 per share. The company expects an average quarter-end in-service occupancy between 95% and 96%, and projects cash same-store net operating income (NOI) growth, excluding termination fees, to be between 6% and 7%. General and administrative (G&A) expenses are anticipated to range from $40.5 million to $41.5 million. Additionally, they plan to capitalize approximately $0.09 per share of interest for the full year 2025. The company highlighted their strategic achievements, such as the leasing of 501,000 square feet at Camelback 303 and a new 58,000 square foot lease at First Loop in Orlando.

Strong Cash Rental Rate Growth

Overall cash rental rate increase for new and renewal leasing was 33%, with a potential increase to 38% excluding a large fixed rate renewal.

Successful Leasing Activity

Leased 501,000 square feet in Phoenix, bringing a 1.8 million square foot project to 100% leased, and 58,000 square feet at the First Loop project in Orlando.

Fitch Upgrade and Bond Offering

Upgraded to BBB+ by Fitch and launched a $450 million public bond offering with strong demand from investors.

High Same-Store NOI Growth

Cash same-store NOI growth for the quarter was 8.7%, driven by rental rate increases and contractual rent bumps.

First Industrial Realty (FR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

FR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 15, 2025	2025 (Q3)	0.39 / -	0.75	―	―	―
Jul 16, 2025	2025 (Q2)	0.38 / 0.42	0.39	7.69% (+0.03)
Apr 16, 2025	2025 (Q1)	0.37 / 0.36	0.52	-30.77% (-0.16)	―
Feb 05, 2025	2024 (Q4)	0.35 / 0.52	0.67	-22.39% (-0.15)
Oct 16, 2024	2024 (Q3)	0.38 / 0.75	0.57	31.58% (+0.18)
Jul 17, 2024	2024 (Q2)	0.35 / 0.39	0.41	-4.88% (-0.02)	―
Apr 17, 2024	2024 (Q1)	0.30 / 0.52	0.42	23.81% (+0.10)	―
Feb 07, 2024	2023 (Q4)	0.31 / 0.67	0.62	8.06% (+0.05)	―
Oct 18, 2023	2023 (Q3)	0.30 / 0.57	0.94	-39.36% (-0.37)	―
Jul 19, 2023	2023 (Q2)	0.28 / 0.41	0.88	-53.41% (-0.47)	―

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

FR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 16, 2025	$49.31	$49.37	+0.12%
Apr 16, 2025	$46.42	$47.12	+1.51%
Feb 05, 2025	$52.87	$54.20	+2.52%
Oct 16, 2024	$54.53	$53.35	-2.16%

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.

FAQ

When does First Industrial Realty Trust (FR) report earnings?

First Industrial Realty Trust (FR) is schdueled to report earning on Oct 15, 2025, After Close (Confirmed).

What is First Industrial Realty Trust (FR) earnings time?

First Industrial Realty Trust (FR) earnings time is at Oct 15, 2025, After Close (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 (Q3) is 0.39.

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