First Industrial Realty Trust, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 18, 2023 at 05:08 pm EDT
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First Industrial Realty Trust, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 155.11 million compared to USD 139.75 million a year ago. Net income was USD 75.01 million compared to USD 123.89 million a year ago. Basic earnings per share from continuing operations was USD 0.57 compared to USD 0.94 a year ago. Diluted earnings per share from continuing operations was USD 0.57 compared to USD 0.94 a year ago.
For the nine months, sales was USD 456.75 million compared to USD 395.32 million a year ago. Net income was USD 185.62 million compared to USD 277.14 million a year ago. Basic earnings per share from continuing operations was USD 1.4 compared to USD 2.1 a year ago. Diluted earnings per share from continuing operations was USD 1.4 compared to USD 2.1 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.
FIRST INDUSTRIAL REALTY TRUST, INC. 
