Education
About Us
Working with TipRanks
Follow Us
First Industrial Realty Trust (FR)
NYSE:FR
Earnings Data
Report Date
Jul 16, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.39Last Year’s EPS
0.39Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Apr 16, 2025
|% Change Since: 0.53%
|Next Earnings Date:Jul 16, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced perspective, with significant achievements in leasing performance, development initiatives, and financial stability. However, these are tempered by market uncertainties due to tariffs and a slight decline in occupancy. While growth is evident, external geopolitical factors present challenges that could impact future performance.Company Guidance
During the First Industrial Realty Trust's first-quarter 2025 results call, the company provided guidance for the fiscal year, maintaining its range for NAREIT funds from operations (FFO) at $2.87 to $2.97 per share. Key assumptions include an average quarter-end in-service occupancy rate of 95% to 96% and cash same-store NOI growth of 6% to 7%. The company noted that it has already addressed 73% of its 2025 lease rollovers by square footage, with a projected overall cash rental rate growth of 30% to 40% for the year. Development plans include two new projects with target cash yields of approximately 8%. Despite potential headwinds from geopolitical factors like tariffs, First Industrial remains focused on executing its leasing and investment objectives.Strong Leasing Performance
Achieved a 30% cash rental rate increase for new and renewal leasing, with a potential increase to 36% excluding a large fixed rate renewal. Successfully expanded a tenant at the First 76 project in Denver by 99,000 square feet, achieving 100% occupancy in that building.
Development Initiatives
Plans to break ground on a 176,000 square foot facility in Northwest Dallas with an estimated investment of $23 million and a target cash yield of approximately 8%. Additionally, a 226,000 square foot facility in Philadelphia is set to begin construction with a projected investment of $31 million and a similar target cash yield.
Strategic Investments
Acquired two fully leased developments from a joint venture in Phoenix, totaling 796,000 square feet, at a 6.4% cash yield, significantly exceeding market cap rates.
Financial Stability
Renewed a $200 million term loan and increased the senior unsecured revolving credit facility by $100 million, extending maturity options to 2030.
Strong FFO Growth
NAREIT funds from operations were $0.68 per fully diluted share for the first quarter, compared to $0.60 per share in 1Q 2024, indicating strong financial performance.
---
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
---
FR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 16, 2025 | $46.85 | $47.55 | +1.49% |
| Feb 05, 2025 | $53.35 | $54.69 | +2.51% |
| Oct 16, 2024 | $55.03 | $53.84 | -2.16% |
| Jul 17, 2024 | $50.30 | $51.77 | +2.92% |
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 Jul 16, 2025, TBA Not Confirmed.
What is First Industrial Realty Trust (FR) earnings time?
First Industrial Realty Trust (FR) earnings time is at Jul 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 (Q2) is 0.39.
---