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

_________________________________________________________________________________________________________________

Stocks you may like:

Bank of America (BAC) Stock

Wells Fargo (WFC) Stock

JPMorgan Chase (JPM) Stock

Citigroup (C) Stock

Goldman Sachs (GS) Stock

Morgan Stanley (MS) Stock

_________________________________________________________________________________________________________________

Most Popular

WBA Earnings Preview: Will Walgreens’ Q3 report bring cheer to investors?

Walgreens Boots Alliance, Inc. (NASDAQ: WBA) has been facing challenges due to higher operating costs, rising competition, and an unfavorable retail environment. These factors have put pressure on the drugstore

Main points from Accenture’s (ACN) Q3 2024 earnings report

Shares of Accenture (NYSE: ACN) rose 6% on Thursday, following the company’s announcement of its third-quarter 2024 earnings results. Although revenue and profits missed expectations, the stock jumped after the

ACB Earnings: Aurora Cannabis reports narrower Q4 loss on higher revenues

Aurora Cannabis, Inc. (NASDAQ: ACB) on Thursday reported a net loss for the fourth quarter of 2024. The company’s revenues moved up 5% year-over-year during the quarter. The Canada-based recreational

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top