First Industrial Q2 EPS rises 38.1% to $0.58 year over year; revenue climbs 8.2% to $194.94 million

First Industrial Realty Trust, Inc.

First Industrial Realty Trust, Inc.

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  • First Industrial Realty Trust posts Q2 GAAP EPS of $0.58, up 38.1% from $0.42 a year earlier.
  • GAAP revenue rises 8.2% to $194.94 million; NAREIT FFO per diluted share/unit increases 7.9% to $0.82.
  • Cash same-store NOI growth runs at 6.7%; in-service occupancy edges up 0.6 percentage point to 94.9% from Q1.
  • Cash rental rates climb 39% on commenced new and renewal leasing; a 708,000-square-foot Central Pennsylvania facility reaches 100% leased.
  • 2026 NAREIT FFO guidance lifts to $3.08-$3.16 per share/unit; development starts on a 613,000-square-foot Philadelphia project with a $77 million investment.


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