First Industrial Realty Q4 2023 FFO $0.63 Beats $0.61 Estimate, Sales $157.28M Beat $156.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Industrial Realty (NYSE:FR) reported Q4 2023 FFO of $0.63 per share, surpassing the $0.61 estimate, and sales of $157.28M, exceeding the $156.70M estimate. This represents a 5% increase in earnings and an 8.76% increase in sales from the same period last year.
February 07, 2024 | 9:33 pm
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POSITIVE IMPACT
First Industrial Realty reported a positive Q4 2023 with FFO and sales exceeding estimates, indicating strong financial performance.
The company's earnings and sales not only beat the analyst estimates but also showed significant improvement from the previous year. This positive performance could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100