2023-07-19 16:41:57 ET
- First Industrial Realty Trust press release ( NYSE: FR ): Q2 FFO of $0.61 beats by $0.01 .
- Revenue of $152.22M (+17.0% Y/Y) beats by $2.49M .
- Cash Rental Rates Up 74.1% in 2Q23
- Cash Rental Rate Increase of 63% on Leases Signed To-Date Commencing in 2023
- Cash Same Store NOI Growth of 10.8% in 2Q23; Occupancy of 97.7% at Quarter-End
- Renewed Largest 2024 Lease Rollover of 700,000 Square Feet
- Signed 673,000 Square Feet of New Leases for Speculative Developments in the Second Quarter and Third Quarter To-Date Inclusive of Joint Venture
- 2023 FFO Guidance Increased $0.01 at Midpoint to $2.35 to $2.43 Per Share/Unit Which Excludes $0.02 Per Share 1Q23 Accelerated Recognition of Tenant Improvement Reimbursement.
- Shares +0.21% .
For further details see:
First Industrial Realty Trust FFO of $0.61 beats by $0.01, revenue of $152.22M beats by $2.49M