First Industrial Realty Trust — Jul 22, 2026 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000921825-26-000060
Showing in the filing
General and administrative expense
“$42.0 million to $43.0 million”
Period
FY2026
Measure
GAAP-tied
Source
Prose
All guidance in this release · 5
FFO for FY2026
“Increased $0.02 at the Midpoint”
Average quarter-end in service occupancy for FY2026
“94.0% to 95.0%”
SS NOI growth on a cash basis before termina… for FY2026
“5.25% to 6.25%”
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
• Includes the incremental costs expected in 2026 related to the Company’s completed and under construction developments as of June 30, 2026. In total, the Company expects to capitalize $0.08 per share of interest in 2026. < more > • 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 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, July 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 second quarter 2026 supplemental information can be viewed at www.firstindustrial.com under the “Investors” tab. FFO Definition First Industrial calculates FFO to be equal to net income available to common stockholders, unitholders and participating securities, plus depreciation and other amortization of real estate, plus impairment of real estate, minus gain (or plus loss) on sale of real estate, adjusted for any associated income tax provisions or benefits
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.