First Industrial Realty Q4 EPS beats estimates

Reuters

Feb 05

First Industrial Realty Q4 EPS beats estimates

Overview

Logistics real estate firm's Q4 revenue slightly beat analyst expectations
EPS for Q4 beat analyst expectations
Company increased quarterly dividend by 12.4%

Outlook

Company initiates 2026 NAREIT FFO guidance at $3.09 to $3.19 per share/unit
First Industrial expects 2026 net income of $1.58 to $1.68 per share/unit
Company anticipates cash basis SS NOI growth of 5.0% to 6.0% in 2026

Result Drivers

CASH RENTAL RATE INCREASE - Co reported a 32% increase in cash rental rates for leases commencing in 2025, with a 35% increase for leases signed to date commencing in 2026
ACQUISITIONS AND DEVELOPMENTS - Acquired a 968,000 SF building in Phoenix and started new developments in Miami and Dallas
REFINANCING - Co refinanced $425 mln and $375 mln unsecured term loans, extending maturities and eliminating previous SOFR adjustments

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Revenue	Slight Beat*	$188.41 mln	$187.22 mln (7 Analysts)
Q4 EPS	Beat	$0.59	$0.42 (5 Analysts)
Q4 Net Income		$86.95 mln
Q4 Adjusted FFO		$73.62 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Press Release: ID:nPn8RGGQxa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2609231636"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2609231636\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2609231636?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-05 05:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2609231636","market":"us","top_or_hot":-1,"title":"First Industrial Realty Q4 EPS beats estimates","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>First Industrial Realty Q4 EPS beats estimates</title></head><body><p><span>Overview</span></p><ul><li><p>Logistics real estate firm's Q4 revenue slightly beat analyst expectations</p></li><li><p>EPS for Q4 beat analyst expectations</p></li><li><p>Company increased quarterly dividend by 12.4%</p></li></ul><p><span>Outlook</span></p><ul><li><p>Company initiates 2026 NAREIT FFO guidance at $3.09 to $3.19 per share/unit</p></li><li><p>First Industrial expects 2026 net income of $1.58 to $1.68 per share/unit</p></li><li><p>Company anticipates cash basis SS NOI growth of 5.0% to 6.0% in 2026</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>CASH RENTAL RATE INCREASE - Co reported a 32% increase in cash rental rates for leases commencing in 2025, with a 35% increase for leases signed to date commencing in 2026</p></li><li><p>ACQUISITIONS AND DEVELOPMENTS - Acquired a 968,000 SF building in Phoenix and started new developments in Miami and Dallas</p></li><li><p>REFINANCING - Co refinanced $425 mln and $375 mln unsecured term loans, extending maturities and eliminating previous SOFR adjustments</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q4 Revenue</p></td><td><p>Slight Beat*</p></td><td><p>$188.41 mln</p></td><td><p>$187.22 mln (7 Analysts)</p></td></tr><tr><td><p>Q4 EPS</p></td><td><p>Beat</p></td><td><p>$0.59</p></td><td><p>$0.42 (5 Analysts)</p></td></tr><tr><td><p>Q4 Net Income</p></td><td></td><td><p>$86.95 mln</p></td><td></td></tr><tr><td><p>Q4 Adjusted FFO</p></td><td></td><td><p>$73.62 mln</p></td><td></td></tr></tbody></table><p>*Applies to a deviation of less than 1%; not applicable for per-share numbers.</p><p>Press Release: <span>ID:nPn8RGGQxa</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>First Industrial Realty Q4 EPS beats estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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not applicable for per-share numbers.</p><p>Press Release: <span>ID:nPn8RGGQxa</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4171","symbol_name":"工业房地产投资信托","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260204:nL1N3Z01HC:1","article_id":"2609231636","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609231636","pubTimestamp":1770241291,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"First Industrial Realty Q4 EPS beats estimatesOverviewLogistics real estate firm's Q4 revenue slightly beat analyst expectationsEPS for Q4 beat analyst expectationsCompany increased quarterly dividend","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4171":"工业房地产投资信托","BK4224":"工业房地产信托","FR":"第一工业地产"},"translate_title":"第一工业地产第四季度每股收益超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FR":0.9},"content_text":"First Industrial Realty Q4 EPS beats estimatesOverviewLogistics real estate firm's Q4 revenue slightly beat analyst expectationsEPS for Q4 beat analyst expectationsCompany increased quarterly dividend by 12.4%OutlookCompany initiates 2026 NAREIT FFO guidance at $3.09 to $3.19 per share/unitFirst Industrial expects 2026 net income of $1.58 to $1.68 per share/unitCompany anticipates cash basis SS NOI growth of 5.0% to 6.0% in 2026Result DriversCASH RENTAL RATE INCREASE - Co reported a 32% increase in cash rental rates for leases commencing in 2025, with a 35% increase for leases signed to date commencing in 2026ACQUISITIONS AND DEVELOPMENTS - Acquired a 968,000 SF building in Phoenix and started new developments in Miami and DallasREFINANCING - Co refinanced $425 mln and $375 mln unsecured term loans, extending maturities and eliminating previous SOFR adjustmentsKey DetailsMetricBeat/MissActualConsensus EstimateQ4 RevenueSlight Beat*$188.41 mln$187.22 mln (7 Analysts)Q4 EPSBeat$0.59$0.42 (5 Analysts)Q4 Net Income$86.95 mlnQ4 Adjusted FFO$73.62 mln*Applies to a deviation of less than 1%; not applicable for per-share numbers.Press Release: ID:nPn8RGGQxaFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport,express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}