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Guidance history, every release

First Industrial Realty Trust (FR) · 8 releases, Oct 16, 2024 to Jul 22, 2026 · rows are metrics, columns are releases
Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing
MetricOct 16, 2024
FY24 Q3
Feb 5, 2025
FY24 Q4
Apr 16, 2025
FY25 Q1
Jul 16, 2025
FY25 Q2
Oct 15, 2025
FY25 Q3
Feb 4, 2026
FY25 Q4
Apr 22, 2026
FY26 Q1
Jul 22, 2026
FY26 Q2
For FY2026
Average quarter-end in service occupancy—————New“94.0% to 95.0%”Reiterated“94.0% to 95.0%”Reiterated“94.0% to 95.0%”
Bad debt expense assumption—————New“$1.0 million”——
Common dividend—————New“$0.50 per share/unit”——
Dividend—————New“$0.50 Per Share”——
FFO———————New“Increased $0.02 at the Midpoint”
General and administrative expense—————New“$42.0 million to $43.0 million”Reiterated“$42.0 million to $43.0 million”Reiterated“$42.0 million to $43.0 million”
Interest capitalized per share—————New“$0.08 per share”Reiterated“$0.08 per share”Reiterated“$0.08 per share”
NAREIT FFO—————New“$3.09 to $3.19 Per Share/Unit”——
NAREIT FFO Growth at Midpoint—————New“Approximately 6%”——
NAREIT Funds From Operations (Per share/unit)—————New“$3.09 to $3.19”——
SS NOI growth on a cash basis before termination fees—————New“5.0% to 6.0%”Reiterated“5.0% to 6.0%”Raised“5.25% to 6.25%”
For FY2025
Net Income Available to Common Stockholders and Unitholders (High End of for 2025)——New“$ 1.62”—————
Net Income Available to Common Stockholders and Unitholders (Low End of for 2025)——New“$ 1.52”—————
Additional in service development leasing assumed————New“0.3 million square feet”———
Average quarter-end in service occupancy—New“95.0% to 96.0%”Reiterated“95.0% to 96.0%”Reiterated“95.0% to 96.0%”————
Bad debt expense assumption—New“$1.0 million”——————
Common dividend—New“$0.445 per share/unit”Reiterated“$0.445 per share/unit”—————
Dividend—New“$0.445 Per Share”——————
FFO Growth at the Midpoint—New“Approximately 10%”——————
General and administrative expense (G&A)—New“$40.5 million to $41.5 million”Reiterated“$40.5 million to $41.5 million”Reiterated“$40.5 million to $41.5 million”Reiterated“$40.5 million to $41.5 million”———
Growth in FFO per share—New“approximately 10%”——————
In service occupancy at year-end————New“94.0% to 96.0%”———
In service occupancy at year-end fourth quarter————New“94.0% to 96.0%”———
Interest capitalized per share—New“$0.09 per share”Reiterated“$0.09 per share”Reiterated“$0.09 per share”Reiterated“$0.09 per share”———
NAREIT FFO—New“$2.87 to $2.97 Per Share/Unit”——————
NAREIT FFO (Per Share/Unit)————New“$2.94 to $2.98”———
NAREIT Funds From Operations————New“$2.94 to $2.98”———
NAREIT Funds From Operations (High End of for 2025)——New“$ 2.97”—————
NAREIT Funds From Operations (Low End of for 2025)——New“$ 2.87”—————
NAREIT Funds From Operations (Per share/unit)—New“$ 2.87 to $ 2.97”——————
Quarter-end average in service occupancy————New“94.4% to 94.9%”———
SS NOI growth for the full year————New“7.0% to 7.5%”———
SS NOI growth on a cash basis before termination fees————New“3.0% to 5.0%”———
SS NOI growth on a cash basis before termination fees—New“6.0% to 7.0%”Reiterated“6.0% to 7.0%”Reiterated“6.0% to 7.0%”————
For FY2024
General and administrative expense (G&A)New“$39.5 million to $40.5 million”———————
In service occupancy at year-end fourth quarterNew“95.0% to 97.0%”———————
Interest capitalized per shareNew“$0.06 per share”———————
NAREIT FFO for 2024New“$2.61 to $2.65 Per Share/Unit”———————
NAREIT Funds From Operations (Per share/unit)New“$2.61 to $2.65”———————
Quarter-end average in service occupancyNew“95.2% to 95.7%”———————
Quarter-end average in service occupancy (implied)New“95.2% to 95.7%”———————
Quarterly average SS NOI growth for the full year (implied)New“7.75% to 8.25%”———————
SS NOI growth on a cash basis before termination feesNew“8.0% to 10.0%”———————
No period stated
Share repurchase program——————New“up to $250 million of common stock”—
Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.