Categories AlphaGraphs, Earnings, Finance

Everything you need to know about First Industrial Realty Trust’s Q1 2023 results

Industrial real estate company First Industrial Realty Trust, Inc. (NYSE: FR) announced financial results for the first quarter of 2023, reporting higher revenues and earnings.

First Industrial Realty Trust Q1 2023 earnings infographic

Net income available to First Industrial Realty Trust’s shareholders was $55.9 million or $0.42 per share in the first quarter, compared to $36.2 million or $0.27 per share a year earlier. The bottom line benefitted from a 19% increase in revenues to $149.4 million.

“We established a new company quarterly record for cash rental rate change of 58% while maintaining high occupancy and securing new customers for a few of our developments,” said Peter Baccile, First Industrial’s chief executive officer.

Prior Performance

  • First Industrial Realty Trust Q4 2022 earnings infographic
  • First Industrial Realty Trust Q3 2022 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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