First Industrial Realty Trust, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 21, 2021 at 05:00 pm EDT
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First Industrial Realty Trust, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced operating income was USD 63.501 million compared to USD 41.481 million a year ago. Net income was USD 62.198 million compared to USD 40.634 million a year ago. Basic earnings per share from continuing operations was USD 0.48 compared to USD 0.32 a year ago.
First Industrial Realty Trust, Inc. is a self-administered and fully integrated real estate company. The Company owns, manages, acquires, sells, develops, and redevelops industrial real estate. Through its fully integrated operating and investing platform, the Company provides facilities and customer service to multinational corporations and regional firms that are essential for their supply chains. The Company owns approximately 428 industrial properties, of which 422 are classified as in-service. The 422 in-service industrial properties contained an aggregate of approximately 64.9 million square feet of gross leasable area (GLA) in 18 states, with a diverse base of tenants engaged in a wide variety of businesses, including e-commerce, third-party logistics and transportation, consumer and other manufactured products, retail and consumer services, food and beverage, lumber and building materials, wholesale goods, health services, governmental and other.