First Industrial Realty Trust (NYSE:FR – Get Free Report) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.25), Yahoo Finance reports. First Industrial Realty Trust had a net margin of 44.46% and a return on equity of 10.76%. The business had revenue of $164.10 million during the quarter, compared to the consensus estimate of $163.48 million. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. First Industrial Realty Trust updated its FY24 guidance to $2.59-2.67 EPS and its FY 2024 guidance to 2.570-2.650 EPS.
First Industrial Realty Trust Stock Down 0.2 %
First Industrial Realty Trust stock traded down $0.13 during midday trading on Friday, reaching $52.81. The stock had a trading volume of 398,890 shares, compared to its average volume of 1,059,608. First Industrial Realty Trust has a 12 month low of $40.44 and a 12 month high of $55.15. The company has a market capitalization of $6.99 billion, a P/E ratio of 24.40 and a beta of 1.07. The company has a fifty day moving average price of $47.68 and a two-hundred day moving average price of $50.23. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.83.
First Industrial Realty Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 2.80%. First Industrial Realty Trust’s dividend payout ratio is currently 68.20%.
Wall Street Analyst Weigh In
View Our Latest Analysis on First Industrial Realty Trust
First Industrial Realty Trust Company Profile
First Industrial Realty Trust, Inc (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.
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