FR
First Industrial Realty Trust Inc (FR) Q2 2026 Earnings Call Highlights: Strong Leasing ...
Article Summary
HOLD- First Industrial Realty Trust Inc. (NYSE: FR) reported strong leasing activity, including a full-building lease for a 708,000-square-foot building in Central Pennsylvania, with 2.6 million square feet of leases commenced, including 1.1 million new, 1 million renewals, and 500,000 for developments and acquisitions.
- Cash rental rates increased 39% for new and renewal leasing, with guidance range of 35% to 40% for 2026.
- First Industrial Realty Trust, successfully closed a $131 million land sale in Phoenix achieving pricing nearly three times industrial land values in that market, with net absorption nearly doubling from Q1 and national vacancy improving to 6.5%.
- Cash same-store NOI grew 6.7% excluding termination fees, with In-Service Occupancy at 94.9%, up 60 basis points from the first quarter, and FFO guidance was raised by $0.02 per share to $3.08-$3.16 per share, reflecting confidence in leasing demand and business growth.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 8.4% | 25% | 35.0 ptsBelow Screener (8.4%) - Weak growth |
| EPS Growth Next 5Y ? | 1.2% | 25% | 10.0 ptsVery Weak (1.2%) - Minimal expectations |
| Target Price Upside ? | 4.6% | 20% | 20.0 ptsMinimal Upside (4.6%) - Target: $69.38 vs Current: $66.33 |
| Gross Margin % ? | 48.1% | 15% | 60.0 ptsSolid (48.1%) - Decent margins |
| Drawdown from 52-Wk High ? | -5.1% | 15% | 20.0 ptsBarely a Dip (-5.1%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About FR
- First Industrial Realty Trust, Inc. is a leading U.S.-only owner, operator, developer and acquirer of logistics properties.
- Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.
- In total, we own and have under development approximately 71.6 million square feet of industrial space concentrated in 15 target MSAs as of March 31, 2026.
- First Industrial Realty Trust, Inc. was established on August 10, 1993 and is based in Chicago, United States.