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

V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results

Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew

Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results

Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter

McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings

Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings

Add Comment
Viewing Highlight