Categories AlphaGraphs, Earnings, Finance

FR Earnings: A snapshot of First Industrial Realty Trust’s Q2 2023 results

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.

First Industrial Realty Trust Q2 2023 earnings infographic

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.

Prior Performance

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

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