HighGravityData

First Industrial Realty Trust — Apr 22, 2026 release

Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000921825-26-000051
Open on SEC.gov ↗
Showing in the filing
Interest capitalized per share
“$0.08 per share”
Period
FY2026
Measure
GAAP-tied
Source
Prose
All guidance in this release · 5
Share repurchase program
“up to $250 million of common stock”
Average quarter-end in service occupancy for FY2026
“94.0% to 95.0%”
SS NOI growth on a cash basis before termina… for FY2026
“5.0% to 6.0%”
Interest capitalized per share for FY2026
“$0.08 per share”
General and administrative expense for FY2026
“$42.0 million to $43.0 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
• SS NOI growth on a cash basis before termination fees of 5.0% to 6.0%. • Includes the incremental costs expected in 2026 related to the Company’s completed and under construction developments as of March 31, 2026. In total, the Company expects to capitalize $0.08 per share of interest in 2026. • General and administrative expense of $42.0 million to $43.0 million. This range excludes $5.6 million of costs related to a contested proxy campaign recognized in the first quarter. • Guidance includes the impact of the aforementioned expected sale of the 100-acre income-producing land site in Phoenix in 2Q26. • Guidance does not include the impact of any future investments, property sales, debt repurchases prior to maturity, debt issuances, equity issuances, or stock repurchases post the date of this press release. Conference Call First Industrial will host its quarterly conference call on Thursday, April 23, 2026 at 10:00 a.m. CDT (11:00 a.m. EDT). The conference call may be accessed by dialing (833) 890-3273, passcode “First Industrial”. The conference call will also be webcast live on the Investors page of the Company’s website at www.firstindustrial.com. The replay will also be available on the website. The Company’s first quarter 2026 supplemental information can be viewed at www.firstindustrial.com under the “Investors” tab. < more > Upcoming Property Tours for Analysts and Investors First Industrial is hosting two upcoming property tours for investo
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.