First Industrial Realty Trust, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 20, 2023 at 02:07 am IST
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First Industrial Realty Trust, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 152.22 million compared to USD 130.05 million a year ago. Net income was USD 54.64 million compared to USD 116.99 million a year ago. Basic earnings per share from continuing operations was USD 0.41 compared to USD 0.89 a year ago. Diluted earnings per share from continuing operations was USD 0.41 compared to USD 0.88 a year ago.
For the six months, sales was USD 301.65 million compared to USD 255.56 million a year ago. Net income was USD 110.6 million compared to USD 153.25 million a year ago. Basic earnings per share from continuing operations was USD 0.84 compared to USD 1.16 a year ago. Diluted earnings per share from continuing operations was USD 0.84 compared to USD 1.16 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. 
