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Last $20.15 USD
Change Today +0.03 / 0.15%
Volume 996.1K
FR On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

first industrial realty tr (FR) Key Developments

First Industrial Realty Trust Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

First Industrial Realty Trust Inc. reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $89.942 million compared to $83.861 million a year ago. Income from continuing operations were $2.466 million compared to $3.926 million a year ago. Net income attributable to the company was $2.373 million compared to $4.963 million a year ago. Net income attributable to the company's common stockholders and participating securities was $2.373 million compared to $2.482 million a year ago. Funds from operations were $22.626 million compared to $27.574 million a year ago. Adjusted funds from operations were $29.402 million compared to $24.491 million a year ago. EBITDA was $53.234 million compared to $50.037 million a year ago. Net operating income was $60.111 million compared to $55.477 million a year ago. FFO allocable to common stockholders and unitholders was $22.563 million or $0.20 per basic and diluted share compared to $27.501 million or $0.24 per basic and diluted share a year ago. Net Income Available to the company's common stockholders was $2.332 million or $0.02 per basic and diluted share against $2.450 million or $0.02 per basic and diluted share a year ago. For the full year 2015, the company expects net income available to common stockholders in the range of $0.24 per share to $0.34 per share. FFO (NAREIT Definition) per share was $1.16 compared to $1.26. Real estate depreciation/amortization to be in the range of $0.99 per share to $0.99 per share.

First Industrial Realty Trust Inc. to Report Q1, 2015 Results on Apr 23, 2015

First Industrial Realty Trust Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Apr 23, 2015

First Industrial Realty Trust Inc., Q1 2015 Earnings Call, Apr 24, 2015

First Industrial Realty Trust Inc., Q1 2015 Earnings Call, Apr 24, 2015

First Industrial Realty Trust Inc. Launches Development of First 33 Commerce Center

First Industrial Realty Trust Inc. has launched its First 33 Commerce Center, a two-building 584,760sqft development in the Lehigh Valley in eastern Pennsylvania. The development will be comprised of a 341,400 square-foot facility and a 243,360 square-foot building. Both buildings will feature 32-ft clear height, ESFR sprinklers and interior and exterior energy-efficient lighting systems. The buildings are expected to be completed by year-end 2015. Total investment for the project is expected to be approximately $44 million.

First Industrial Realty Trust Inc. Closes New $625 Million Unsecured Credit Facility

First Industrial Realty Trust Inc. announced it has closed a new $625 million senior unsecured revolving credit facility. The new facility replaces the company's previous facility. The new facility matures on March 11, 2019, with a one-year extension option subject to certain conditions. The agreement provides for interest-only payments initially at a rate of LIBOR plus 115 basis points based on the company's leverage ratio, an improvement of 35 basis points compared to the previous facility. The agreement also provides for a facility fee of 20 basis points. In the future, the rate and fees are subject to a one-time adjustment to an Investment Grade Rating pricing grid, at the company's election. The facility includes an accordion feature that allows First Industrial to increase the aggregate revolving borrowing capacity to $900 million, subject to certain conditions.

 

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FR Competitors

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Company Last Change
DCT Industrial Trust Inc $34.32 USD +0.58
Duke Realty Corp $20.42 USD +0.04
Liberty Property Trust $35.30 USD -0.26
Prologis Inc $42.56 USD 0.00
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Industry Analysis

FR

Industry Average

Valuation FR Industry Range
Price/Earnings 100.0x
Price/Sales 6.3x
Price/Book -- Not Meaningful
Price/Cash Flow 14.0x
TEV/Sales -- Not Meaningful
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