From a technical perspective, First Industrial Realty Trust, Inc. (FR) is looking like an interesting pick, as it just reached a key level of support. FR's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
First Industrial has strong growth, driven by high demand for its well-located industrial properties and robust leasing activity. FR's solid fundamentals include an 8.6% YoY FFO per share growth, 96.2% occupancy, and impressive lease spreads. Management projects continued strong growth in rental rates and FFO/share, and has an active development pipeline in supply constrained markets.
First Industrial Realty Trust, Inc. (FR) Q4 2024 Earnings Call Transcript
First Industrial Realty Trust (FR) came out with quarterly funds from operations (FFO) of $0.71 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to FFO of $0.63 per share a year ago.
REITs are so cheap that some offer up to 10% dividend yields. That's despite growing steadily. I highlight 3 REITs to buy before their next dividend hike.
First Industrial Realty Trust (FR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
REITs have faced challenges but now trade at attractive valuations with solid upside potential over the next 1 to 2 years. Industrial REITs, especially in Southern California, have experienced downward pressure but maintain strong fundamentals despite market volatility. First Industrial Realty Trust is a fundamentally sound industrial REIT with significant long-term upside potential.
First Industrial Realty has shown solid performance, with a 26% rise in the past year and a 12% return since my last "buy" rating. Despite strong renewal lease signings and a robust balance sheet, elevated interest rates and geopolitical risks could cap FR's upside potential. FR's 2.8% dividend yield, 7+% expected dividend growth, and strong renewal activity support a "buy" rating, targeting 10% long-term returns.
First Industrial Realty Trust, Inc. (NYSE:FR ) Q3 2024 Earnings Conference Call October 17, 2024 11:00 AM ET Company Participants Art Harmon - SVP, IR & Marketing Peter Baccile - President and CEO Scott Musil - CFO Christopher Schneider - EVP, Operations & CIO Peter Schultz - EVP Johannson Yap - CIO Conference Call Participants Blaine Heck - Wells Fargo Craig Mailman - Citi Vikram Malhotra - Mizuho Caitlin Burrows - Goldman Sachs Rich Anderson - Wedbush Robert Stevenson - Janney Nick Thillman - Baird Vince Tibone - Green Street Michael Mueller - JPMorgan Nicholas Yulico - Scotiabank Brendan Lynch - Barclays Operator Good day, and welcome to the First Industrial Realty Trust, Inc. Third Quarter Results Call. All participants will be in a listen-only mode.
First Industrial Realty Trust (FR) came out with quarterly funds from operations (FFO) of $0.68 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to FFO of $0.62 per share a year ago.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Industrial Realty Trust (FR) have what it takes?
First Industrial Realty Trust is an industrial REIT with 67.9m sq. ft. of leasable area. Rising interest rates and oversupply have pressured the industrial property sector, but signs of a market shift are emerging. Demand is improving, and construction is cooling, suggesting a future undersupply that will benefit industrial REITs like FR.