First Industrial Realty Trust Reports Third Quarter 2026 Results with Increased Guidance
First Industrial Realty Trust (NYSE: FR) reported its third-quarter 2026 financial results, highlighted by a significant 52% increase in cash rental rates on new and renewal leasing. Despite a slight year-over-year decrease in diluted net income per share to $0.44, the company saw funds from operations (FFO) rise to $0.81 per share compared to $0.76 in the prior year period. The company demonstrated strong portfolio momentum through strategic acquisitions, including a 764,000 square-foot building in Central Pennsylvania for $120 million. Driven by improving market fundamentals and robust tenant demand, First Industrial raised its full-year 2026 FFO guidance midpoint by $0.01 and increased its cash same store NOI growth guidance to a 6.5% midpoint.
Tickers: $FR
Topics: acquisitions earnings report FFO guidance real estate rental rates