First Industrial Realty Trust, Inc. (NYSE: FR) announced its third‑quarter 2025 results on October 15, 2025, reporting diluted net income available to common stockholders of $0.49 per share and funds from operations (FFO) of $0.76 per share/unit, up from $0.68 a year earlier. The quarter’s EPS and FFO figures include approximately $0.01 of income related to an insurance claim recovery. The company’s third‑quarter 2025 guidance for NAREIT FFO now ranges from $2.94 to $2.98 per share/unit, reflecting a $0.04 per share increase in the midpoint of its 2025 FFO outlook.
The results highlighted strong development leasing activity and robust rental rate growth on 2025 and 2026 lease signings. Development leasing wins contributed to the upward revision of the 2025 FFO guidance, underscoring the company’s focus on high‑yield projects within its integrated operating platform. The company also noted that industrial fundamentals are firming, with vacancy rates stabilizing and new construction starts remaining moderate across its target markets.
First Industrial Realty Trust owns and has under development approximately 70.4 million square feet of industrial space as of September 30, 2025. The company will host its quarterly conference call on Thursday, October 16, 2025 at 10:00 a.m. CDT, and supplemental information for the quarter is available on its investor website. The announcement confirms the company’s continued execution of its disciplined capital allocation and development strategy, reinforcing its position in supply‑constrained markets.
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