First Industrial Realty Trust Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 diluted FFO $0.81 per share, up from $0.76 year-over-year
- ➤Cash rental rates on new and renewal leases increased 52% in 3Q26
- ➤Acquired fully leased 764,000-square-foot Pennsylvania building for $120 million
- ➤2026 FFO guidance midpoint increased $0.01 to $3.15 per share
- ➤2026 cash same-store NOI guidance midpoint raised 75 basis points to 6.5%
Expert Statements
Peter E. Baccile, President and Chief Executive Officer of First Industrial Realty Trust
“Industrial real estate market fundamentals continued to improve in the third quarter, with strong net absorption reflecting the breadth of tenant demand in the marketplace. We experienced a strong pace of early renewals from our tenants for our 2027 expirations and we are excited about our levels of overall prospect activity.”
Peter E. Baccile, President and Chief Executive Officer of First Industrial Realty Trust
“We increased our guidance by $0.01 at the midpoint based on our third quarter performance and outlook. As always, our team is laser-focused on leasing and serving our current and new customers to drive future cash flow growth.”
First Industrial Realty Trust Reports Third Quarter 2026 Results PR Newswire
* Cash Rental Rates on New and Renewal Leasing Increased 52% in 3Q26 * Cash Same Store NOI Growth of 5.6% in 3Q26 * Acquired 100% Leased 764,000 SF Building in Central Pennsylvania for $120 Million in 3Q26 * Signed Remaining 32,000 SF at First Park Miami Building 12 in South Florida in 3Q26 * 2026 FFO Guidance Increased $0.01 at the Midpoint * 2026 Cash Same Store NOI Growth Guidance Increased 75 Basis Points at the Midpoint to 6.5% CHICAGO, Oct. 21, 2026 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced results for the third quarter of 2026. First Industrial's diluted net income available to common stockholders per share (EPS) was $0.44 in the third quarter, compared to $0.49 a year ago and third quarter funds from operations (FFO) was $0.81 per share/unit on a diluted basis, compared to $0.76 per share/unit a year ago.
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