First Industrial Realty Trust: Q1 Earnings Snapshot
By AP News
Published - Apr 17, 2024, 05:10 PM ET
Last Updated - Apr 17, 2024, 05:10 PM EDT
CHICAGO (AP) — CHICAGO (AP) — First Industrial Realty Trust Inc. (FR) on Wednesday reported a key measure of profitability in its first quarter. The results missed Wall Street expectations.
The Chicago-based real estate investment trust said it had funds from operations of $81.8 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 62 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.
