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First Industrial Realty Trust (FR)
NYSE:FR
US Market
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First Industrial Realty (FR) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Oct 15, 2025
After Close (Confirmed)
Period Ending
2025 (Q3)
Consensus EPS Forecast
0.4
Last Year’s EPS
0.75
Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings

Earnings Call Summary

Q2 2025
Earnings Call Date:Jul 16, 2025|
% Change Since: 0.12%|
Earnings Call Sentiment|Neutral
The earnings call presented a mix of strong performance in rental growth and successful leasing in development projects, but was tempered by challenges such as decreased occupancy and tariff-related uncertainties impacting decision-making. Interest rate impacts were also noted as a concern for future FFO.
Company Guidance -
Q3 2025
During the call, First Industrial Realty Trust, Inc. provided comprehensive guidance for the remainder of 2025, highlighting key metrics and expectations. The company maintained its guidance range for NAREIT funds from operations (FFO) for the year at $2.92 per share at the midpoint, with a narrowed range of $2.88 to $2.96 per share. They projected an average quarter-end in-service occupancy of 95% to 96%, with a cash same-store NOI growth before termination fees of 6% to 7%. The company noted that new construction start volume was 62 million square feet in the second quarter, a decline from 66 million in the first quarter. They also highlighted a vacancy rate in Tier 1 U.S. markets of 6.3% and noted that their in-service occupancy at quarter-end was 94.2%. Furthermore, they achieved a cash rental rate increase of 33% for new and renewal leasing, which could reach 38% when excluding a specific large fixed-rate renewal. On the capital market front, the company successfully issued $450 million of senior unsecured notes at a coupon rate of 5.25%, marking their first public bond offering since 2007.
Strong Cash Rental Rate Growth
The portfolio produced a strong cash rental rate increase of 33% for new and renewal leasing, meeting expectations of 30% to 40% growth.
Successful Development Leases
Leased 501,000 square feet in the Camelback 303 joint venture in Phoenix, bringing the entire 1.8 million square foot project to 100% leased. Also leased 58,000 square feet at the First Loop project in Orlando.
Bond Market Milestone
Issued $450 million of senior unsecured notes at a coupon rate of 5.25%, marking the first public bond offering since 2007, following an upgrade by Fitch to BBB+.
NAREIT FFO Growth
NAREIT funds from operations were $0.76 per fully diluted share, up from $0.66 per share in 2Q 2024.

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

FR Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Oct 15, 2025
2025 (Q3)
0.40 / -
0.75
Jul 16, 2025
2025 (Q2)
0.38 / 0.42
0.397.69% (+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
0.5731.58% (+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
0.4223.81% (+0.10)
Feb 07, 2024
2023 (Q4)
0.31 / 0.67
0.628.06% (+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 0.4.
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