First Industrial Realty Trust posts Q3 2026 results with EPS miss and revenue beat
First Industrial Realty Trust reported third‑quarter 2026 diluted earnings of $0.44 per share, below analyst expectations by $0.03. Revenue came in at $197.12 million, topping forecasts. The REIT highlighted a 52% rise in cash rental rates on new and renewal leases and a 5.6% increase in cash same‑store NOI. It also announced the acquisition of a fully‑leased 764,000‑square‑foot building for $120 million and raised its 2026 FFO midpoint guidance by $0.01.
Why it matters
The earnings miss may weigh on the stock in the short term, while the revenue beat and higher guidance suggest stronger cash‑flow growth prospects, according to the company’s outlook.
Key facts
- 1Diluted earnings per share were $0.44 for Q3 2026, down from $0.49 a year earlier. prnewswire.com
- 2Revenue for the quarter was $197.12 million, exceeding estimates. investing.com
- 3Cash rental rates on new and renewal leases increased 52% in Q3 2026. prnewswire.com
- 4Cash same‑store net operating income grew 5.6% in Q3 2026. prnewswire.com
- 5Acquired a fully‑leased 764,000‑square‑foot building in Central Pennsylvania for $120 million. prnewswire.com
- 62026 FFO guidance midpoint was increased by $0.01. prnewswire.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.