News about First Industrial Realty

First Industrial Realty Trust (NYSE: FR) reported third-quarter 2026 diluted EPS of $0.44, down from $0.49 a year earlier, while diluted FFO rose to $0.81 per share/unit from $0.76. In-service occupancy was 94.1%, down from 94.9% in the second quarter but up from 94.0% a year earlier. Cash rental rates on new and renewal leases rose 52%, and cash same-store NOI grew 5.6%. The company acquired a 100% leased 764,000 square-foot building in Central Pennsylvania for $120 million and raised its 2026 FFO guidance by $0.01 at the midpoint, with same-store NOI growth guidance raised to 6.5% at the midpoint.