FR, US32054K1034

First Industrial Realty Trust raises 2026 forecasts for First Industrial Realty Trust stock

Published on 10/07/2026 at 03:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

New leases lifted cash rents 39.00 percent year to date. First Industrial Realty Trust stock offered a 3.40 percent forward yield on October 6, 2026.

FR, US32054K1034, Illustration mit AI erstellt.

First Industrial Realty Trust, Inc. (US32054K1034) raised its 2026 forecasts after cash rental rates on new leases increased 39.00 percent year to date. As Pluang reported on October 6, 2026, same-store net operating income grew 6.70 percent and occupancy reached 94.90 percent.

Rental growth supports the outlook

The operating figures give the revised outlook a measurable base. The 39.00 percent rent increase on new leases shows that First Industrial can reset rents as contracts begin, while the 94.90 percent occupancy rate points to continued demand across its logistics portfolio.

First Industrial owns and has under development 72.1 million square feet of industrial space across 15 target metropolitan areas as of June 30, 2026, according to First Industrial Realty Trust. The portfolio scale gives the rent data more weight than a single-property leasing update.

Quarterly figures show the counterpoint

First Industrial reported second-quarter 2026 revenue of USD 194.94 million and diluted earnings per share of USD 0.58, according to MarketBeat. Revenue rose 8.20 percent year over year, but earnings per share came in below the USD 0.80 consensus estimate by USD 0.22.

Management set fiscal 2026 earnings guidance at USD 3.12-3.20 per share. The comparison matters because the stronger leasing data is arriving alongside a quarterly earnings miss, leaving rent execution and funds from operations guidance as the central measures for the next report.

Next results arrive October 21

The next reporting date is October 21, 2026, according to Investing.com. First Industrial stock is listed on the NYSE, and the company operates as an industrial real estate investment trust focused on logistics properties.

EUR 53.25 prior close

The last prior close at Lang & Schwarz was EUR 53.25 for October 5, 2026. The quote is the euro reference for German investors while the next results date and the USD 3.12-3.20 guidance range frame the next company-specific checkpoints. The further course of trading is shown by the continuously updated real-time quote of First Industrial Realty Trust stock.