First Industrial Realty (FR) Tops Q2 EPS by 25c
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First Industrial Realty Trust Reports Second Quarter 2022 Results
July 20, 2022 4:25 PM EDT2022 FFO Guidance Increased $0.04 at the Midpoint to $2.15 to $2.23 Per Share/UnitOccupancy of 98.4%; Cash Rental Rates Up 27.0%; Cash Same Store NOI Grew 9.4%Leased 100% of 1.1 Million Square-Foot First Logistics Center @ 283 in Central Pennsylvania and 208,000 Square-Foot First Bordentown Logistics Center in New JerseySold 391 Acres at Camelback 303 Joint Venture in Phoenix for $255 Million; FR's Share of Gain and Promote Before Tax of $104 MillionStarted Four Developments in the Second Quarter Totaling 875,000 Square Feet, Estimated Investment of $154 Million Closed $425 Million Unsecured Term Loan Which Refinanced the Prior $260 Million Term... More
