First Industrial Realty Trust, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 07, 2024 at 04:29 pm EST
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First Industrial Realty Trust, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 157.28 million compared to USD 144.61 million a year ago. Net income was USD 89.2 million compared to USD 82 million a year ago. Basic earnings per share from continuing operations was USD 0.67 compared to USD 0.62 a year ago. Diluted earnings per share from continuing operations was USD 0.67 compared to USD 0.62 a year ago.
For the full year, sales was USD 614.03 million compared to USD 539.93 million a year ago. Net income was USD 274.82 million compared to USD 359.13 million a year ago. Basic earnings per share from continuing operations was USD 2.08 compared to USD 2.72 a year ago. Diluted earnings per share from continuing operations was USD 2.07 compared to USD 2.72 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. 
