- FR has increased its full-year forecast for Funds From Operations (FFO) per share to a range of $2.94 to $2.98, up from the previous forecast of $2.88 to $2.96. Analysts’ estimates were at $2.93.
- In the third quarter, FFO per share was reported at 76 cents, compared to 68 cents in the previous year, beating the estimate of 75 cents.
- Revenue for the third quarter amounted to $181.4 million, reflecting an 8.2% increase year-over-year, but slightly below the estimated $182.3 million.
- Occupancy rates stood at 94%, down from last year’s 95%, and just shy of the 94.3% expected.
- Net operating income rose by 10% year-over-year to $135.1 million, surpassing the estimate of $134.7 million.
- The dividend per share increased to 44.5 cents from 37 cents last year, slightly above the expected 44.4 cents.
- The company attributes its growth to effective leasing strategies, which have significantly contributed to the rise in the FFO guidance midpoint for 2025.
- Investment sentiment shows 9 buy ratings, 11 hold ratings, and no sell ratings for FR.
A look at First Industrial Realty Tr Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
First Industrial Realty Trust, Inc. is in a good position for the long term with solid scores across various key factors according to Smartkarma Smart Scores. The company scores well in Dividend and Momentum, indicating a stable payout to investors and positive price momentum. While Value, Growth, and Resilience scores are also respectable, pointing towards a balanced performance in these areas.
As a self-administered real estate investment trust, First Industrial Realty Trust, Inc. focuses on owning, managing, acquiring, and developing bulk warehouses and light industrial properties. The company maintains interests in its properties through various partnerships under its control, showcasing a strategic approach to property management and growth.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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