First Industrial Realty Trust Inc reports results for the quarter ended in June - Earnings Summary

First Industrial Realty Trust

17/07/2024 22:51

* First Industrial Realty Trust Inc  FR.N  reported
quarterly
adjusted earnings of 39 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 41 cents.  The mean expectation of six analysts
for the quarter was for earnings of 36 cents per share. Wall
Street expected results to range from 30 cents to 50 cents per
share.
    * Revenue rose 7.8% to $164.14 million from a year ago;
analysts
expected $164.58 million. 
    * First Industrial Realty Trust Inc's reported EPS for the
quarter
was 39 cents​.
    * The company reported quarterly net income of $51.28
million.
    * First Industrial Realty Trust Inc shares had risen by 7.1%
this
quarter and lost 3.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 8
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is  "hold."

Wall Street's median 12-month price target for First Industrial
Realty Trust Inc is $53.00 
This summary was machine generated from LSEG data July 17 at
09:51 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.64           0.66           Beat
 Mar. 31 2024      0.61           0.60           Missed
 Dec. 31 2023      0.61           0.63           Beat
 Sep. 30 2023      0.61           0.62           Beat