First Industrial Realty Trust: Q2 Earnings Snapshot
By AP News
Published - Jul 19, 2023, 04:45 PM ET
Last Updated - Jul 19, 2023, 04:45 PM EDT
CHICAGO (AP) — CHICAGO (AP) — First Industrial Realty Trust Inc. (FR) on Wednesday reported a key measure of profitability in its second quarter. The results exceeded Wall Street expectations.
The real estate investment trust, based in Chicago, said it had funds from operations of $83.1 million, or 61 cents per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 60 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.
