First Industrial Realty Trust: Q4 Earnings Snapshot
By AP News
Published - Feb 08, 2023, 05:08 PM ET
Last Updated - Jun 22, 2023, 10:33 PM EDT
CHICAGO (AP) — CHICAGO (AP) — First Industrial Realty Trust Inc. (FR) on Wednesday reported a key measure of profitability in its fourth quarter. The results surpassed Wall Street expectations.
The Chicago-based real estate investment trust said it had funds from operations of $80.6 million, or 60 cents per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 57 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
