Trump announces trade deal with EU following months of negotiations
Investing.com - KeyBanc Capital Markets reiterated its Sector Weight rating on First Industrial Realty Trust (NYSE:FR) on Tuesday, following the company’s second-quarter earnings results. According to InvestingPro analysis, the REIT currently trades near its Fair Value, with a solid financial health score of GOOD and a P/E ratio of 24.4x.
The industrial REIT reported what KeyBanc described as a "solid 2Q beat" and announced a new approximately 500,000 square foot lease at a joint venture-owned facility in the Phoenix metropolitan area.
This new lease is expected to contribute $0.01 per share to the company’s 2025 funds from operations (FFO), or $0.02 per share on an annualized basis, according to KeyBanc’s analysis.
Despite this positive development, First Industrial maintained its fiscal year 2025 FFO guidance midpoint, only narrowing both the high and low ends by $0.01 per share, as broader leasing trends continue to slow.
KeyBanc noted that First Industrial continues to execute well in a challenging environment and has several speculative development leasing opportunities within its portfolio, along with a recent 708,000 square foot vacancy in Central Pennsylvania that could present upside to FFO and strengthen core growth in the future.
In other recent news, First Industrial Realty Trust reported a strong performance for the second quarter of 2025, surpassing earnings and revenue expectations. The company’s earnings per share (EPS) reached $0.42, exceeding the forecast of $0.38. Revenue totaled $180.16 million, above the anticipated $177.59 million. These results highlight the company’s ability to outperform analyst projections. The earnings announcement has drawn attention from investors, reflecting positively on the company’s financial health. Analysts had projected lower figures, making the actual results noteworthy. This marks a significant development for First Industrial Realty Trust, reinforcing its position in the market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.