Categories AlphaGraphs, Earnings, Other Industries

Infographic: A snapshot of First Industrial Realty Trust’s Q3 2022 financial results

Industrial real estate company First Industrial Realty Trust, Inc. (NYSE: FR) announced financial results for the third quarter of 2022, reporting strong revenue and earnings growth.

First Industrial Realty Trust Q3 2022 earnings infographic

Adjusted funds from operations increased 18% annually to $0.60 per share during the three-month period. Net income available to First Industrial Realty Trust’s shareholders was $123.76 million or $0.94 per share in the third quarter, compared to $42.40 million or $0.33 per share a year earlier. The bottom line benefitted from a 15% increase in revenues to $139.8 million.

Read management/analysts’ comments on quarterly reports

“Our team continued to execute on key transactions that support our capital allocation goals, including the sale of the remainder of our Cleveland holdings, the proceeds from which we are redeploying into value-creating development investments in higher rent growth markets,” said Johannson Yap, First Industrial’s chief investment officer.

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

Most Popular

BIIB Earnings: Biogen Q1 2024 adj. earnings rise despite lower revenues

Biotechnology firm Biogen Inc. (NASDAQ: BIIB) Wednesday reported an increase in adjusted profit for the first quarter of 2024, despite a decline in revenues. Total revenue declined 7% year-over-year to

Hasbro (HAS) Q1 2024 Earnings: Key financials and quarterly highlights

Hasbro, Inc. (NASDAQ: HAS) reported first quarter 2024 earnings results today. Revenues decreased 24% year-over-year to $757.3 million. Net earnings attributable to Hasbro, Inc. were $58.2 million, or $0.42 per

BA Earnings: Highlights of Boeing’s Q1 2024 financial results

The Boeing Company (NYSE: BA) on Wednesday announced financial results for the first quarter of 2024, reporting a narrower net loss, on an adjusted basis. Revenues dropped 8%. Core loss,

Add Comment
Viewing Highlight