First Industrial Realty Q2 2024 FFO $0.66 Beats $0.64 Estimate, Sales $164.136M Miss $164.580M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Industrial Realty (NYSE:FR) reported Q2 2024 earnings per share (EPS) of $0.66, beating the analyst estimate of $0.64. However, sales of $164.136 million missed the estimate of $164.580 million. EPS increased by 8.2% year-over-year, while sales grew by 7.83%.
July 17, 2024 | 8:27 pm
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First Industrial Realty reported Q2 2024 EPS of $0.66, beating estimates by 3.13%, and sales of $164.136 million, missing estimates by 0.27%. EPS increased by 8.2% YoY, and sales grew by 7.83% YoY.
The positive EPS surprise and year-over-year growth in both EPS and sales are likely to have a positive short-term impact on FR's stock price, despite the slight miss in sales estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100