First Industrial Realty (FR) Tops Q2 EPS by 8c, Revenues Beat
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First Industrial Realty (NYSE: FR) reported Q2 EPS of $0.28, $0.08 better than the analyst estimate of $0.20. Revenue for the quarter came in at $109.2 million versus the consensus estimate of $108.72 million.
"The First Industrial team and portfolio delivered outstanding results in the face of the very challenging operating environment arising from the COVID-19 crisis," said Peter E. Baccile, First Industrial's president and chief executive officer. "Occupancy at quarter-end increased to 97.7% and our cash collections of monthly rental billings during the second quarter and July to-date were very strong."
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