Key Developments: First Industrial Realty Trust Inc (FR)


FR on New York Consolidated

15.80USD
19 Jun 2013
Price Change (% chg)

$-0.55 (-3.36%)
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Latest Key Developments (Source: Significant Developments)

First Industrial Realty Trust Inc Declares Common And Preferred Stock Dividends
Thursday, 9 May 2013 05:02pm EDT 

First Industrial Realty Trust Inc announced that its board of directors declared a common stock dividend of $0.085 per share/unit for the quarter ending June 30, 2013 payable on July 15, 2013 to stockholders of record on June 28, 2013. The board of directors also declared a dividend of $0.45313 per depositary share on its 7.25% Series K Cumulative Redeemable Preferred Stock for the quarter ending June 30, 2013 payable on July 1, 2013 to stockholders of record on June 14, 2013.  Full Article

First Industrial Realty Trust Inc Lowers FY 2013 FFO Guidance-Conference Call
Tuesday, 30 Apr 2013 11:00am EDT 

First Industrial Realty Trust Inc announced that it expects 2013 FFO Guidance of $1.01 to $1.11 Per Share Before Loss from Retirement of Debt and Redemption of Series J Preferred Stock. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $1.04 for fiscal 2013.  Full Article

First Industrial Realty Trust Inc Announces Pricing Of Common Stock Offering
Tuesday, 5 Mar 2013 08:42am EST 

First Industrial Realty Trust Inc announced that the pricing of its underwritten public offering of 8,400,000 shares of its common stock. BofA Merrill Lynch and UBS Investment Bank are acting as the book-running managers for the common stock offering and propose to offer the shares at prevailing market prices or otherwise from time to time through the NYSE, the over-the-counter market, negotiated transactions or otherwise.  Full Article

First Industrial Realty Trust Inc Announces Common Stock Offering
Monday, 4 Mar 2013 04:05pm EST 

First Industrial Realty Trust Inc announced that it has commenced an underwritten public offering of 8,400,000 shares of its common stock.The Company intends to use the proceeds for general corporate purposes, which may include repayments or repurchases of debt, preferred stock redemptions, and acquisition and/or development of properties. Completion of the offering is subject to customary closing conditions. BofA Merrill Lynch and UBS Investment Bank are acting as the book-running managers for the common stock offering and propose to offer the shares at prevailing market prices or otherwise from time to time through the NYSE, the over-the-counter market, negotiated transactions or otherwise.  Full Article

First Industrial Realty Trust Inc Declares Dividends
Wednesday, 20 Feb 2013 07:50pm EST 

First Industrial Realty Trust Inc announced that the board of directors have re-initiated the Company's common stock dividend by declaring a dividend of $0.085 per share/unit for the quarter ending March 31, 2013 payable on April 15, 2013 to stockholders of record on March 29, 2013. The Company also announced that the board of directors have declared a dividend of $0.45313 per depositary share on its 7.25% Series J Cumulative Redeemable Preferred Stock for the quarter ending March 31, 2013 payable on April 1, 2013 to stockholders of record on March 15, 2013. The Company further announced that the board of directors declared a dividend of $0.45313 per depositary share on its 7.25% Series K Cumulative Redeemable Preferred Stock for the quarter ending March 31, 2013 payable on April 1, 2013 to stockholders of record on March 15, 2013.  Full Article

First Industrial Realty Trust Inc Issues FY 2013 FFO Guidance Above Analysts' Estimates
Wednesday, 20 Feb 2013 07:50pm EST 

First Industrial Realty Trust Inc announced that it expects 2013 FFO Guidance of $1.02 to $1.12 Per Share Before Loss from Retirement of Debt. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $0.93 for fiscal 2013.  Full Article

First Industrial Realty Trust Inc Announces Preferred Stock Dividends
Tuesday, 4 Dec 2012 04:48pm EST 

First Industrial Realty Trust Inc announced that board of directors declared a dividend of $0.45313 per depositary share on its 7.25% Series J Cumulative Redeemable Preferred Stock for the quarter ending December 31, 2012 payable on December 31, 2012 to stockholders of record on December 14 , 2012. As detailed below, Series J depositary shares to be redeemed shall receive a pro rata dividend through the redemption settlement date. Additionally, the board of directors declared a dividend of $0.45313 per depositary share on its 7.25% Series K Cumulative Redeemable Preferred Stock (NYSE: FR-PrK) for the quarter ending December 31, 2012 payable on December 31, 2012 to stockholders of record on December 14, 2012 .  Full Article

First Industrial Realty Trust Inc Closes $100.6 Million Secured Financing Transaction
Thursday, 30 Aug 2012 08:54am EDT 

First Industrial Realty Trust Inc announced the closing of a secured financing transaction with a life insurance company for gross proceeds of $100.6 million. The financing is secured by 31 properties totaling approximately 3.8 million square feet. The properties are located in California, Illinois, Indiana, Maryland, Minnesota, Missouri, Ohio, Tennessee, Texas, and Wisconsin. The term of each of the loans which comprise the financing is 10 years, with the interest rate fixed at 4.03% over a 30-year amortization schedule. The loan-to-value ratio for this financing was approximately 70%.  Full Article

First Industrial Realty Trust, Inc. Announces Common Stock Offering
Monday, 6 Aug 2012 04:09pm EDT 

First Industrial Realty Trust, Inc. announced that it has commenced an underwritten public offering of 9,400,000 shares of its common stock. The Company intends to use the proceeds for general corporate purposes, which may include repayments or repurchases of debt and acquisition and/or development of properties. Completion of the offering is subject to customary closing conditions. Citigroup and UBS Investment Bank are acting as the book-running managers for the common stock offering.  Full Article

First Industrial Realty Trust, Inc. Updates FY 2012 FFO Guidance-Conference Call
Thursday, 26 Jul 2012 03:00pm EDT 

First Industrial Realty Trust, Inc. announced that FFO guidance for fiscal 2012 is now $0.86 per share to $0.96 per share, excluding the estimated $0.07 per share loss from retirement of debt related to the tender offer, and the $0.06 per share charge related to the anticipated IRS payment. Guidance for fiscal 2012 FFO is $0.98 to $1.08 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $1.02 for fiscal 2012.  Full Article

First Industrial Realty Trust Inc News

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