FT

First Industrial Realty Trust

FR
NYSEReal Estate
$62.81
USD
-0.56(-0.88%)
At close: Jun 16, 20:00 UTC

Open

$62.66

Prev. Close

$62.60

High

$62.82

Low

$62.64

Market Snapshot

Market Cap

$8.32B

P/E Ratio

24.3

EPS

2.18

Revenue

$669.64M

Employees

151

Why FR moved

First Industrial Realty Trust exceeded earnings expectations, indicating strong performance and growth in the industrial real estate sector amid ongoing demand for logistics and warehousing spaces.

About

First Industrial Realty Trust, Inc. is a real estate company, which engages in the ownership, management, acquisition, sale, development, and redevelopment of industrial real estate. The company is headquartered in Chicago, Illinois and currently employs 151 full-time employees. The firm owns, operates, develops and acquires logistics properties. The Company, through its fully integrated operating and investing platform, provides facilities and customer service to multinational corporations and regional firms that are essential for their supply chains. Its portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. The firm owns and has under development approximately 69.5 million square feet of industrial space. Its tenants are engaged in a variety of businesses, including e-commerce, third-party logistics and transportation, consumer and other manufactured products, retail and consumer services, food and beverage, lumber and building materials, wholesale goods, health services, governmental and other. Through a wholly owned TRS of the Operating Partnership, it owns an equity interest in a joint venture.

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