First Industrial Realty Trust reported strong Q1 earnings, raising its stock and dividend.

First Industrial Realty Trust reported strong Q1 earnings of $0.71 per share, exceeding analysts' expectations. The company, a leading U.S. logistics property owner, saw its stock price rise to $53.79. First Industrial also updated its FY 2025 guidance to a range of $2.87 to $2.97 EPS and increased its dividend by 20.3%. In 2024, the company signed 4.7 million square feet of leases, with cash rental rates up 50.8%, and its occupancy rate rose to 96.2%.

2 months ago
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