First Industrial Realty (FR) Tops Q3 EPS by 17c
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Revenue Growth %: +2.9%
Financial Fact:
Equity in Income (Loss) of Joint Ventures: 0
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First Industrial Realty (NYSE: FR) reported Q3 EPS of $0.45, $0.17 better than the analyst estimate of $0.28. Revenue for the quarter came in at $121.1 million versus the consensus estimate of $118.4 million.
GUIDANCE:
First Industrial Realty sees FY2021 EPS of $1.48-$1.52.
utlook for 2021
"We are raising our full year FFO per share guidance for 2021 by $0.02 at the midpoint due to our strong third quarter performance and our outlook for the fourth quarter," added Mr. Baccile. "With strategic land positions that support the development of more than 16 million square feet of additional space, we are well-positioned for future growth."
Low End of | High End of | |||||||
Guidance for 2021 | Guidance for 2021 | |||||||
(Per share/unit) | (Per share/unit) | |||||||
Net Income | $ | 1.48 | $ | 1.52 | ||||
Add: Real Estate Depreciation/Amortization | 0.98 | 0.98 | ||||||
Less: Gain on Sale of Real Estate, Net of Allocable Income Tax Provision Including Joint Ventures, Through October 20, 2021 | (0.53) | (0.53) | ||||||
FFO (NAREIT Definition) | $ | 1.93 | $ | 1.97 | ||||
For earnings history and earnings-related data on First Industrial Realty (FR) click here.
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