Industrial real estate company First Industrial Realty Trust, Inc. (NYSE: FR) announced financial results for the second quarter of 2023. The company also provided guidance for fiscal 2023.
Net income available to First Industrial Realty Trust’s shareholders was $54.6 million or $0.41 per share in the second quarter, compared to $116.9 million or $0.88 per share a year earlier. The bottom line benefitted from a 17% increase in revenues to $152.2 million.
“We grew our same-store cash net operating income by 10.8%. We also achieved cash rental rate growth of 74% on new and renewal leases commencing in the quarter, establishing a new company record,” said Peter Baccile, First Industrial’s chief executive officer.
Stocks you may like:
McCormick & Company, Incorporated (NYSE: MKC) reported third quarter 2023 earnings results today. Net sales increased 6% year-over-year to $1.68 billion, but narrowly missed estimates of $1.70 billion. Net income
Shares of Carnival Corporation & plc (NYSE: CCL) were down on Monday. The stock has gained 69% year-to-date. The company delivered strong results for the third quarter of 2023 and although
Over the years, brand loyalty and diversification of the portfolio have played a key role in the continued success of PepsiCo, Inc. (NASDAQ: PEP) The soft drink giant is now