First Industrial Realty (NYSE: FR) released its first quarter financial results following the close of trading.
The company reported FFO of $0.68 per share for the first quarter, falling short of the projected profit of $0.70.
In addition, first quarter revenues stood at $177.07 million, exceeding market estimates of $176.25 million.
Funds from operations demonstrated a robust 13.3 percent rise from the previous year, while revenue saw a 9.1 percent improvement.
The company has set earnings targets for FY 2025 between $2.87 and $2.97 per share, whereas industry analysts on Wall Street anticipate earnings of $2.91 per share.f
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