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First Industrial Realty Trust Inc

First Industrial Realty Trust Inc (FR)

53.84
-0.35
( -0.65% )
Updated: 14:30:58

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
53.84
Bid
-
Ask
-
Volume
339,301
53.54 Day's Range 54.18
40.44 52 Week Range 55.15
Market Cap
Previous Close
54.19
Open
54.00
Last Trade
12
@
53.833
Last Trade Time
14:31:48
Financial Volume
$ 18,269,909
VWAP
53.8457
Average Volume (3m)
914,409
Shares Outstanding
132,346,095
Dividend Yield
2.56%
PE Ratio
25.89
Earnings Per Share (EPS)
2.07
Revenue
614.03M
Net Profit
274.58M

About First Industrial Realty Trust Inc

First Industrial Realty Trust is a real estate investment trust engaged in acquiring, owning, and managing industrial real estate throughout the U.S. First Industrial's real estate portfolio is primarily comprised of light industrial properties, which are split between industrial and office space, a... First Industrial Realty Trust is a real estate investment trust engaged in acquiring, owning, and managing industrial real estate throughout the U.S. First Industrial's real estate portfolio is primarily comprised of light industrial properties, which are split between industrial and office space, and bulk warehouse properties generally located in business parks near transportation hubs. While light industrial buildings represent the largest share of First Industrial's holdings, bulk warehouses make up most of its portfolio's square footage. The company derives the vast majority of its revenue from rental income tied to medium-term leases. First Industrial's customers include manufacturing, retail, wholesale trade, distribution, and professional services companies. Show more

Sector
Real Estate Investment Trust
Industry
Real Estate Investment Trust
Headquarters
Lutherville Timonium, Maryland, USA
Founded
1970
First Industrial Realty Trust Inc is listed in the Real Estate Investment Trust sector of the New York Stock Exchange with ticker FR. The last closing price for First Industrial Realty was $54.19. Over the last year, First Industrial Realty shares have traded in a share price range of $ 40.44 to $ 55.15.

First Industrial Realty currently has 132,346,095 shares outstanding. The market capitalization of First Industrial Realty is $7.17 billion. First Industrial Realty has a price to earnings ratio (PE ratio) of 25.89.

FR Latest News

First Industrial Realty Trust Reports Second Quarter 2024 Results

First Industrial Realty Trust Reports Second Quarter 2024 Results PR Newswire CHICAGO, July 17, 2024 Signed 1.1 Million Square Feet of New Leases for Speculative Developments in the Second...

Tech-Led Decline in U.S. Index Futures Pre-Market, Oil Prices Steady After U.S. Inventory Drop

U.S. index futures are registering a significant drop in pre-market trading this Wednesday, with the technology sector being the most affected. At 5:50 AM, Dow Jones futures (DOWI:DJI) fell 78...

First Industrial Realty Trust To Host Second Quarter 2024 Results Conference Call On July 18

First Industrial Realty Trust To Host Second Quarter 2024 Results Conference Call On July 18 PR Newswire CHICAGO, June 25, 2024 CHICAGO, June 25, 2024 /PRNewswire/ -- First Industrial Realty...

First Industrial Realty Trust To Present At Nareit's REITWeek 2024 Investor Conference

First Industrial Realty Trust To Present At Nareit's REITWeek 2024 Investor Conference PR Newswire CHICAGO, May 30, 2024 CHICAGO, May 30, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc...

First Industrial Realty Trust Declares Common Stock Dividends

First Industrial Realty Trust Declares Common Stock Dividends PR Newswire CHICAGO, April 30, 2024 CHICAGO, April 30, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading...

First Industrial Realty Trust Reports First Quarter 2024 Results

First Industrial Realty Trust Reports First Quarter 2024 Results PR Newswire CHICAGO, April 17, 2024 Signed 1.6 Million Square Feet of New Leases for Speculative Developments on Balance Sheet and...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
12.374.6046240528551.4754.5750.69195031052.64446849CS
46.0612.683131017247.7854.5746.62107418450.48343241CS
127.8216.992611907946.0254.5745.3891440948.38350781CS
26-0.11-0.20389249304953.9555.1545.1107781050.45534651CS
521.282.4353120243552.5655.1540.44102290449.75418464CS
1560.110.20472734040653.7366.73540.4498004252.26670767CS
26016.4543.99572078137.3966.73525.8998680347.94293636CS

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FR Discussion

View Posts
peter121 peter121 5 years ago
FRSX volume is great chart look good I took a small position at $1.72 and out little over $2.00.. chart is looking bullish I will get back in if break the $2.05 resistance.
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~MulaGreen~ ~MulaGreen~ 7 years ago
WB :((
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bigboard bigboard 7 years ago
From 0.014 to 0.0045...LOL...what a POS scam
indeed
Hype is over here
This was IHUB pump and dump scam
Back to TRIPS
Garfield GO GO to

ZERO !

LOL
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Redbull84 Redbull84 8 years ago
Probably time to add again
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Dutchlion Dutchlion 11 years ago
Adding at these levels
Should see $24-30
This year ;)
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Penny Roger$ Penny Roger$ 12 years ago
~ Monday! $FR ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $FR ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=FR&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=FR&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=FR
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=FR#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=FR+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=FR
Finviz: http://finviz.com/quote.ashx?t=FR
~ BusyStock: http://busystock.com/i.php?s=FR&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=FR >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.
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StarvnMarvn StarvnMarvn 15 years ago
Maybe... I was thinking they wouldn't want to ruin their track record of divvies every year for the past 10+ years.
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Egor Egor 15 years ago
Thinking more like early next year!!!

"What do you think the odds of seeing a small divvy at the end of the year are?"
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StarvnMarvn StarvnMarvn 15 years ago
I've flipped this a few times and finally decided to hold. I wish I would have gotten in around $2.75 and held, but that didn't happen for me. I found this in early May, just missed it.

What do you think the odds of seeing a small divvy at the end of the year are?

I'd love to see some more small dips to give me a break when I add more to my position.
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Egor Egor 15 years ago
Just waiting to get back in!!!
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StarvnMarvn StarvnMarvn 15 years ago
Anyone still in this? Or planning on getting back in?

Probably won't be getting a divvy at the end of the year, but these guys are working hard to pay down debt and raise cash. Divvy's will be coming back soon, imo.


We believe that we were in compliance with our financial covenants as of September 30, 2009, and we anticipate that we will be able to operate in compliance with our financial covenants for the remainder of 2009. However, our ability to meet our financial covenants may be reduced if economic and credit market conditions limit our property sales and reduce our net operating income below our projections. We plan to enhance our liquidity, and reduce our indebtedness, through a combination of capital retention, mortgage and equity financing, asset sales and the repayment of outstanding debt.


β€’ Capital Retention β€” We plan to retain capital by distributing the minimum amount of dividends required to maintain our REIT status. We did not pay a common dividend in April 2009, July 2009 or October 2009 and may not pay dividends for the last quarter of 2009 depending on our taxable income. If we are required to pay common stock dividends for 2009, we may elect to satisfy this obligation by distributing a combination of cash and common shares.

β€’ Mortgage Financing β€” During the three and nine months ended September 30, 2009, we originated $47.1 and $201.3 million, respectively, in mortgage financings with maturities ranging from September 2014 to July 2019 and interest rates ranging from 6.42% to 7.87% (see Note 5 to the Consolidated Financial Statements). We believe these mortgage financings comply with all covenants contained in our Unsecured Line of Credit and our senior debt securities, including coverage ratios and total indebtedness, total unsecured indebtedness and total secured indebtedness limitations. We are in active discussions with various lenders regarding the origination of additional mortgage financing and the terms and conditions thereof. We expect to use proceeds from our mortgage financings to pay down our debt. No assurances can be made that additional mortgage financing will be obtained.

β€’ Equity Financing β€” During the three and nine months ended September 30, 2009, we sold 3,034,120 shares of the company’s common stock, generating approximately $15.9 million in net proceeds, under the direct stock purchase component of the Company’s Dividend Reinvestment and Direct Stock Purchase Plan (β€œDRIP”). On September 29, 2009, we agreed to sell in an underwritten public offering 12,500,000 shares, with an underwriters overallotment option to purchase up to 1,875,000 additional shares, of the Company’s common stock at a price to the public of $5.25 per share (see Note 6). We may opportunistically access the equity markets again, subject to contractual restrictions, and may continue to issue shares under the direct stock purchase component of the DRIP. We expect to use the proceeds from our equity sales to reduce our indebtedness.

β€’ Asset Sales β€” During the three and nine months ended September 30, 2009 we sold five industrial properties and several land parcels, and 11 industrial properties and several land parcels, respectively, for gross proceeds of $23.8 million and $57.2 million, respectively. We are in various stages of discussions with third parties for the sale of additional properties for the remainder of 2009 and plan to continue to market other properties for sale throughout 2009. We expect to use sales proceeds to pay down additional debt. If we are unable to sell properties on an advantageous basis, this may impair our liquidity and our ability to meet our financial covenants.

β€’ Debt Reduction β€” During the three and nine months ended September 30, 2009, we repurchased $123.7 million and $158.7 million, respectively, of our senior unsecured notes (including $19.3 million of our 2009 Notes prior to their repayment at maturity on June 15, 2009) (see Note 5 to the Consolidated Financial Statements) at a discount to the principal amounts of the notes. We may from time to time repay additional amounts of our outstanding debt. Any repayments would depend upon prevailing market conditions, our liquidity requirements, contractual restrictions and other factors we consider important. Future repayments may materially impact our liquidity, future tax liability and results of operations.

Although we believe we will be successful in meeting our liquidity needs through a combination of capital retention, mortgage and equity financing and asset sales, if we were to be unsuccessful in executing one or more of the strategies outlined above, we could be materially adversely affected.
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StarvnMarvn StarvnMarvn 15 years ago
Got into this today, nice solid history of dividends!!

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Egor Egor 15 years ago
10/19/09 Q3 2009 First Industrial Realty Trust Inc Earnings

Time to get back in!!!
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Bobwins Bobwins 15 years ago
sorry wrong board
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Egor Egor 15 years ago
Almost time to get back in!!!
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Egor Egor 15 years ago
Great day and looking for better!!!
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Egor Egor 15 years ago
Very nice gap open!!!
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Egor Egor 15 years ago
$4.30 with a $4.50 ask!!!
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Egor Egor 15 years ago
After hours is up aleady
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Egor Egor 15 years ago
First Industrial Realty Trust Closes Three Secured Financings Totaling $154 Million

Last update: 6/3/2009 5:51:00 PM--Proceeds to Be Used Principally to Reduce Debt, Including Retirement of June 2009 Maturity CHICAGO, June 3, 2009 /PRNewswire-FirstCall via COMTEX/ -- First Industrial Realty Trust, Inc. (FR), a leading provider of industrial real estate supply chain solutions, today announced the closing of three secured financing transactions totaling $154 million. "We are pleased to complete these secured financing transactions, backed by properties in our large, diversified industrial portfolio," said Bruce W. Duncan, president and chief executive officer of First Industrial. "With these proceeds, we will retire our June 2009 maturity, and seek additional opportunities to further reduce leverage." The largest financing was a $77.0 million, 10-year loan with John Hancock Life Insurance Company, secured by 27 properties totaling approximately 2.6 million square feet. The interest rate is fixed at 7.87% over a 30-year amortization schedule. First Industrial also closed on a $62.5 million, seven-year financing with Massachusetts Mutual Life Insurance Company, arranged through its Babson Capital Management LLC investment subsidiary, secured by 23 properties totaling approximately 3.1 million square feet. That loan has a fixed rate of 7.75%, and a 25-year amortization schedule including two years of interest only. In addition, the Company secured a $14.7 million, seven-year loan from American National Insurance Company on a single asset totaling 600,000 square feet. That loan is at a fixed rate of 7.5% over a 25-year amortization schedule. Mr. Duncan added, "Upon the retirement of our June 2009 notes, we have less than $25 million of balance sheet debt maturing prior to March 2011." First Industrial will use the proceeds from the financings principally for the reduction of debt, as well as for other general corporate purposes. The loan-to-value ratio for each of these financings was less than 65%.
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Egor Egor 15 years ago
First Industrial Realty Trust Declares Preferred Stock Dividends

Last update: 6/3/2009 4:27:00 PMCHICAGO, June 3, 2009 /PRNewswire-FirstCall via COMTEX/ -- First Industrial Realty Trust, Inc. (FR), a leading provider of industrial real estate supply chain solutions, today announced that its board of directors declared a dividend of $0.45313 per depositary share of its 7.25% Series J Cumulative Redeemable Preferred Stock (NYSE: FR-PrJ) for the quarter ending June 30, 2009 payable on June 30, 2009 to stockholders of record on June 15, 2009. Additionally, the board of directors declared a dividend of $0.45313 per depositary share of its 7.25% Series K Cumulative Redeemable Preferred Stock (NYSE: FR-PrK) for the quarter ending June 30, 2009, payable on June 30, 2009 to stockholders of record on June 15, 2009. The board of directors also declared a dividend of $14.9375 per depositary share of its Series F Flexible Cumulative Redeemable Preferred Stock for the quarter ending June 30, 2009 payable on June 30, 2009 to stockholders of record on June 29, 2009. First Industrial Realty Trust, Inc. (FR) provides industrial real estate solutions for every stage of a customer's supply chain, no matter how large or complex. Across major markets in the United States and Canada, our local market experts buy, (re)develop, lease, manage and sell industrial properties, including all of the major facility types - bulk and regional distribution centers, light industrial, manufacturing, and R&D/flex. We continue to receive leading customer service scores from Kingsley Associates, an independent research firm, and in total, we own, manage and have under development 97 million square feet of industrial space. For more information, please visit us at .
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Soapy Bubbles Soapy Bubbles 15 years ago
Just interesting.
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