- FY FFO Forecast: First Industrial Realty has narrowed its full-year FFO (Funds From Operations) per share forecast to a range of $2.61 to $2.65, from the previous range of $2.57 to $2.65. The current consensus estimate stands at $2.63.
- Third Quarter FFO: The company reported FFO per share of 68 cents, compared to 62 cents in the same quarter last year, exceeding the estimate of 67 cents.
- Revenue Growth: Revenue for the third quarter reached $167.6 million, marking an 8.1% increase year-over-year, slightly below the estimate of $168.2 million.
- Occupancy Rates: Occupancy rates were reported at 95%, a slight decline from 95.4% last year and below the estimated rate of 95.8%.
- Net Operating Income: The company achieved a net operating income of $122.6 million, representing a 9.4% increase year-over-year, surpassing the estimate of $122.1 million.
- Dividend Increase: The dividend per share increased to 37 cents, up from 32 cents last year, beating the estimate of 36 cents.
- Analyst Recommendations: Among analysts, there are 10 buy recommendations, 7 hold, and 2 sell recommendations for First Industrial Realty.
A look at First Industrial Realty Tr Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
First Industrial Realty Trust, Inc. is positioned for a positive long-term outlook as indicated by the Smartkarma Smart Scores. With consistently strong momentum, the company demonstrates a solid foundation for growth and value creation. Despite facing some challenges in resilience, its stable value, dividend payout, and growth potential provide investors with a balanced portfolio asset.
First Industrial Realty Trust, Inc. stands out among its peers with a well-rounded performance across key metrics. The company’s strategic focus on bulk warehouses and light industrial properties contributes to its robust momentum score, highlighting its ability to capitalize on market opportunities. With a resilient approach to overcoming challenges and a steady dividend track record, First Industrial Realty Tr is poised to deliver sustainable returns for investors in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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