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First Industrial Realty Trust: Q3 Earnings Snapshot
CHICAGO (AP) — CHICAGO (AP) — First Industrial Realty Trust Inc. (FR) on Wednesday reported a key measure of profitability in its third quarter. The results exceeded Wall Street expectations.
The Chicago-based real estate investment trust said it had funds from operations of $83.2 million, or 62 cents per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 61 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.