- First Industrial Realty Trust press release ( NYSE: FR ): Q4 FFO of $0.59 beats by $0.03 .
- Revenue of $144.62M (+15.2% Y/Y) beats by $4.87M .
- Year-End Occupancy of 98.8% and Full Year Cash Same Store NOI Growth of 10.1%, Both Company Records
- Cash Rental Rates Up 26.7% in 2022, Highest Annual Increase in Company History
- Cash Rental Rate Increase of 33% on Leases Signed To Date Commencing in 2023
- Started a Million Square-Foot Development in Northern California, Estimated Investment of $126 Million
- Placed In Service 4.1 Million Square Feet of Developments in 2022; 100% Leased, Estimated Total Investment of $448 Million, Cash Yield of 6.6%
- Sold One Property for $54 Million in the Fourth Quarter; $178 Million Sold in 2022
- Increased First Quarter 2023 Dividend to $0.32 Per Share, an 8.5% Increase.
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First Industrial Realty Trust FFO of $0.59 beats by $0.03, revenue of $144.62M beats by $4.87M