- First Industrial Realty reported FFO per share of $0.71 for the fourth quarter, surpassing last year’s $0.63 and the estimate of $0.69.
- The company generated revenue of $175.6 million, reflecting a 12% increase from the previous year and exceeding the estimated $169.9 million.
- Occupancy rates improved to 96.2%, up from 95.5% last year and above the 95.3% estimate.
- Net operating income stood at $127.2 million, a 10% rise year-over-year, surpassing the estimate of $125.2 million.
- Dividend per share was $0.37, compared to $0.32 last year and matching the estimate.
- The forecast for 2025 sees FFO per share ranging from $2.87 to $2.97, with the midpoint reflecting approximately 10% growth.
- Management credits completed and future development leasing, along with strong operating performance, as drivers of anticipated growth in 2025.
- The analyst coverage includes 9 buy ratings, 10 hold ratings, and 1 sell rating.
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A look at First Industrial Realty Tr Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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 a real estate investment trust with a mixed outlook based on Smartkarma Smart Scores. While the company scores well in Dividend and Growth, indicating a positive long-term financial outlook and potential for solid returns for investors, its Value and Resilience scores are moderate. This suggests that the company may not be undervalued and could face challenges in uncertain market conditions. The Momentum score falls in the middle range, indicating a stable performance trend without significant fluctuations.
In summary, First Industrial Realty Trust, Inc. is a real estate investment trust primarily focused on bulk warehouses and light industrial properties. With solid scores in Dividend and Growth, the company shows promise for investors seeking steady income and potential for expansion. However, the moderate Value and Resilience scores point to possible areas of improvement needed to enhance overall financial health and stability in the long run.
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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