HighGravityDataFirst Industrial Realty Trust — Oct 15, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000921825-25-000101
Showing in the filing
NAREIT FFO (Per Share/Unit)
“$2.94 to $2.98”
Period
FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 10
NAREIT FFO (Per Share/Unit) for FY2025
“$2.94 to $2.98”
NAREIT Funds From Operations for FY2025
“$2.94 to $2.98”
In service occupancy at year-end for Q4 FY2025
“94.0% to 96.0%”
In service occupancy at year-end fourth quar… for Q4 FY2025
“94.0% to 96.0%”
Quarter-end average in service occupancy for FY2025
“94.4% to 94.9%”
Additional in service development leasing as… for FY2025
“0.3 million square feet”
SS NOI growth on a cash basis before termina… for Q4 FY2025
“3.0% to 5.0%”
SS NOI growth for the full year for FY2025
“7.0% to 7.5%”
Interest capitalized per share for FY2025
“$0.09 per share”
General and administrative expense (G&A) for FY2025
“$40.5 million to $41.5 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
ned To-Date Commencing in 2025; 37% Increase Excluding 1.3 MSF Fixed-Rate Renewal • 31% Cash Rental Rate Increase on Leases Signed To-Date Commencing in 2026 • 2025 NAREIT FFO Guidance Increased $0.04 at the Midpoint to $2.94 to $2.98 Per Share/Unit CHICAGO, October 15, 2025 – 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 2025. First Industrial's diluted net income available to common stockholders per share (EPS) was $0.49 in the third quarter, compared to $0.75 a year ago and third quarter funds from operations (FFO) was $0.76 per share/unit on a diluted basis, compared to $0.68 per share/unit a year ago. Third quarter 2025 EPS and FFO per share/unit includes approximately $0.01 of income related to an insurance claim recovery. “Our team delivered another solid quarter, highlighted by some key development leasing wins and strong rental rate growth on 2025 and 2026 lease signings to date,” said Peter E. Baccile, First Industrial's president and chief executive officer. “We have seen increased tenant traffic at our key leasing opportunities, as prospective tenants evaluate their long-term space needs for growth and await additional clarity on tariffs and underlying consumer demand.” Portfolio Performance • In service occupancy was 94.0% at the end of the third quarter of 2025, com
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.