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Last $20.05 USD
Change Today -0.30 / -1.47%
Volume 401.4K
FR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

first industrial realty tr (FR) Snapshot

Open
$20.24
Previous Close
$20.35
Day High
$20.37
Day Low
$19.88
52 Week High
01/28/15 - $22.60
52 Week Low
09/24/14 - $16.76
Market Cap
2.2B
Average Volume 10 Days
498.9K
EPS TTM
$0.19
Shares Outstanding
110.7M
EX-Date
03/27/15
P/E TM
102.9x
Dividend
$0.51
Dividend Yield
2.17%
Current Stock Chart for FIRST INDUSTRIAL REALTY TR (FR)

first industrial realty tr (FR) Related Businessweek News

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first industrial realty tr (FR) Details

First Industrial Realty Trust Inc. is a real estate investment trust. The firm invests in the real estate markets of the United States. It makes investments in industrial properties. The firm owns, manages, acquires, sells, develops, and redevelops industrial real estate. First Industrial Realty Trust Inc. formed on August 10, 1993 and is domiciled in the United States.

173 Employees
Last Reported Date: 02/26/15
Founded in 1993

first industrial realty tr (FR) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $832.0K
Co-Founder, Chief Investment Officer and Exec...
Total Annual Compensation: $379.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $265.0K
Executive Vice President of East Region and M...
Total Annual Compensation: $250.0K
Executive Vice President of Central Region
Total Annual Compensation: $240.0K
Compensation as of Fiscal Year 2014.

first industrial realty tr (FR) Key Developments

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.

First Industrial Realty Trust Inc. Declares Common Dividend for the Quarter Ending March 31, 2015, Payable on April 20, 2015; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of 2015

First Industrial Realty Trust Inc. board of directors declared a common dividend of $0.1275 per share/unit for the quarter ending March 31, 2015 payable on April 20, 2015 to stockholders of record on March 31, 2015. The new dividend rate represents a 24.4% increase from the prior rate of $0.1025 per share. The company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $90.333 million compared to $81.620 million for the same period a year ago. Income from continuing operations were $7.924 million compared to $2.239 million for the same period a year ago. Net income available to company’s common and participating securities were of $18.781 million compared to $20.322 million for the same period a year ago. Funds from operations were of $36.541 million compared to $31.516 million for the same period a year ago. Adjusted funds from operations were $21.313 million compared to $18.002 million for the same period a year ago. EBITDA was $54.432 million compared to $51.611 million for the same period a year ago. Net operating income was $60.730 million compared to $57.645 million for the same period a year ago. Diluted net income available to common stockholders per share (EPS) was $0.17 in the fourth quarter, compared to $0.18 a year ago. For the year, the company reported total revenues of $344.599 million compared to $318.454 million for the same period a year ago. Income from continuing operations were $23.265 million compared to $3.972 million for the same period a year ago. Net income available to company’s common and participating securities were of $46.629 million compared to $25.907 million for the same period a year ago. Funds from operations were of $133.066 million compared to $109.558 million for the same period a year ago. Adjusted funds from operations were $94.548 million compared to $74.824 million for the same period a year ago. EBITDA was $212.325 million compared to $206.893 million for the same period a year ago. Net operating income was $236.297 million compared to $229.464 million for the same period a year ago. Full year 2014 diluted net income available to common stockholders was $0.42 per share, compared to $0.24 per share in 2013. The company provided earnings guidance for the full year of 2015. For the year, the company expects net income available to common stockholders in the range of $0.21 per share to $0.31 per share. FFO (NAREIT Definition) per share is expected to be in the range of $1.22 to $1.32.

 

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FR Competitors

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Company Last Change
DCT Industrial Trust Inc $33.13 USD -0.41
Duke Realty Corp $20.48 USD -0.23
Liberty Property Trust $35.05 USD -0.28
Prologis Inc $42.88 USD -0.09
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Industry Analysis

FR

Industry Average

Valuation FR Industry Range
Price/Earnings 100.0x
Price/Sales 6.4x
Price/Book 2.1x
Price/Cash Flow 14.0x
TEV/Sales 2.4x
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