MAY 4·MarketBeat→
Strs Ohio Buys 25,806 Shares of First Industrial Realty Trust, Inc. $FR
Strs Ohio increased its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 10.7% in Q4, acquiring an additional 25,806 shares to reach a total of 267,567 shares valued at $15.324 million. First Industrial reported Q4 EPS of $0.59, missing estimates, but revenue beat expectations, and the company announced FY2026 guidance and a quarterly dividend of $0.50 per share. Analysts generally hold a "Moderate Buy" rating with an average target price of $63.57 for the stock.
APR 7·Yahoo Finance Singapore▼
Land & Buildings Sends Letter to First Industrial Realty Trust Shareholders Highlighting the Need for Shareholders to Send a Clear Message That Further Change is Required
Land & Buildings Investment Management has sent a letter to shareholders of First Industrial Realty Trust (FR), arguing that the company's recent concessions, including a share repurchase authorization, a dividend increase, and a new director appointment, are insufficient responses to shareholder pressure and do not maximize value. L&B believes these actions are "half-measures" designed to preserve the status quo. The firm urges shareholders to vote against the re-election of Chairman Matt Dominski and Director H. Patrick Hackett, Jr., citing concerns over governance, consistent underperformance, and a discretionary buyback program.
