First Industrial Realty Trust, Inc. Declares Common Stock Dividends for the Quarter Ending September 30, 2015, Payable on October 19, 2015
Aug 6 15
First Industrial Realty Trust Inc. announced that its board of directors declared a common stock dividend of $0.1275 per share/unit for the quarter ending September 30, 2015 payable on October 19, 2015 to stockholders of record on September 30, 2015.
First Industrial Realty Trust Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year of 2015
Jul 30 15
First Industrial Realty Trust Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $90,456,000 compared to $84,044,000 a year ago. Income from Continuing Operations before Equity in Income of Joint Ventures and income tax provision was $14,653,000 compared to $2,675,000 for the same period a year ago. Income from continuing operations was $14,568,000 compared to $3,152,000 a year ago. Net Income was $14,568,000 compared to $4,204,000 a year ago. Net income attributable to the company was $14,012,000 compared to $4,039,000 a year ago. Funds from Operations were $40,244,000 compared to $31,988,000 a year ago. Adjusted funds from operations were $27,242,000 compared to $23,130,000 a year ago. EBITDA was $56,179,000 compared to $52,546,000 a year ago. Net Operating Income was $62,662,000 compared to $59,412,000 a year ago. FFO Basic and diluted per share were $0.35 compared to $0.28 a year ago. Net income available to company’s Common Stockholders was $13,962,000 compared to $3,996,000 a year ago. Basic and diluted earnings per share were $0.13 compared to $0.04 a year ago.
For the six months, the company reported total revenues of $180,398,000 compared to $167,905,000 a year ago. Income from continuing operations before equity in income of joint ventures and income tax provision was $17,108,000 compared to $3,645,000 for the same period a year ago. Income from continuing operations was $17,034,000 compared to $7,078,000 a year ago. Net income was $17,034,000 compared to $9,271,000 a year ago. Net income attributable to the company was $16,385,000 compared to $6,521,000 a year ago. Funds from Operations were $62,870,000 compared to $59,562,000 a year ago. Adjusted funds from operations were $56,644,000 compared to $47,621,000 a year ago. EBITDA was $109,413,000 compared to $102,583,000 a year ago. Net Operating income was $122,773,000 compared to $114,889,000 a year ago. Diluted FFO per share were $0.54 compared to $0.52 a year ago. Net income available to company’s common stockholders was $16,294,000 compared to $6,446,000 a year ago. Basic and diluted earnings per share were $0.15 compared to $0.06 a year ago.
The company provided earnings guidance for the full year of 2015. For the period, the company expects net income available to common stockholders per share of $0.31 to $0.39. FFO per share expected to be in the range of $1.21 to $1.29.
First Industrial Realty Trust Inc. Announces Development Leasing at First Northwest Commerce Center in Houston
Jun 8 15
First Industrial Realty Trust Inc. announced that it has signed two long-term leases totaling 273,018 square feet at its 351,672 square-foot First Northwest Commerce Center development in Houston. These leases bring the facility to 78% leased. A leading global supplier to the energy industry will use 194,364 square feet of the facility for distribution and assemblage. An international technology and manufacturing company will occupy a 78,654 square-foot space that will serve as a design, production and distribution center. Both leases will commence September 1, 2015. Located in the Northwest submarket of Houston at 4800 West Greens Road, First Northwest Commerce Center features 32-foot clear heights, an ESFR Sprinkler System, 130' truck courts and excess trailer storage, as well as access to major transportation systems via Beltway 8.