CHICAGO, Aug. 1, 2024
/PRNewswire/ -- First Industrial Realty Trust, Inc.
(NYSE: FR), a leading fully integrated owner, operator and
developer of industrial real estate, today announced that its board
of directors declared a common stock dividend of $0.37 per share/unit for the quarter ending
September 30, 2024 payable on
October 21, 2024 to stockholders of
record on September 30, 2024.
About First Industrial Realty Trust, Inc.
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading
U.S.-only owner, operator, developer and acquirer of logistics
properties. Through our fully integrated operating and investing
platform, we provide high quality facilities and industry-leading
customer service to multinational corporations and regional firms
that are essential for their supply chains. Our portfolio and new
investments are concentrated in 15 target MSAs with an emphasis on
supply-constrained, coastally oriented markets. In total, we own
and have under development approximately 68.7 million square feet
of industrial space as of June 30,
2024. For more information, please visit us at
www.firstindustrial.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, and
Section 21E of the Securities Exchange Act of 1934. We intend for
such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are based on certain assumptions and describe our future
plans, strategies and expectations, and are generally identifiable
by use of the words "believe," "expect," "plan," "intend,"
"anticipate," "estimate," "project," "seek," "target," "potential,"
"focus," "may," "will," "should" or similar words. Although we
believe the expectations reflected in forward-looking statements
are based upon reasonable assumptions, we can give no assurance
that our expectations will be attained or that results will not
materially differ. Factors that could have a materially adverse
effect on our operations and future prospects include, but are not
limited to: changes in national, international, regional and local
economic conditions generally and real estate markets specifically;
changes in legislation/regulation (including changes to laws
governing the taxation of real estate investment trusts) and
actions of regulatory authorities; our ability to qualify and
maintain our status as a real estate investment trust; the
availability and attractiveness of financing (including both public
and private capital) and changes in interest rates; the
availability and attractiveness of terms of additional debt
repurchases; our ability to retain our credit agency ratings; our
ability to comply with applicable financial covenants; our
competitive environment; changes in supply, demand and valuation of
industrial properties and land in our current and potential market
areas; our ability to identify, acquire, develop and/or manage
properties on favorable terms; our ability to dispose of properties
on favorable terms; our ability to manage the integration of
properties we acquire; potential liability relating to
environmental matters; defaults on or non-renewal of leases by our
tenants; decreased rental rates or increased vacancy rates;
higher-than-expected real estate construction costs and delays in
development or lease-up schedules; the uncertainty and economic
impact of pandemics, epidemics or other public health emergencies
or fear of such events; risks associated with security breaches
through cyberattacks, cyber intrusions or otherwise, as well as
other significant disruptions of our information technology
networks and related systems; potential natural disasters and other
potentially catastrophic events such as acts of war and/or
terrorism; technological developments, particularly those affecting
supply chains and logistics; litigation, including costs associated
with prosecuting or defending claims and any adverse outcomes;
risks associated with our investments in joint ventures, including
our lack of sole decision-making authority; and other risks and
uncertainties described under the heading "Risk Factors" and
elsewhere in our annual report on Form 10-K for the year ended
December 31, 2023, as well as those
risks and uncertainties discussed from time to time in our other
Exchange Act reports and in our other public filings with the
Securities and Exchange Commission (the "SEC"). We caution you not
to place undue reliance on forward-looking statements, which
reflect our outlook only and speak only as of the date of this
press release or the dates indicated in the statements. We assume
no obligation to update or supplement forward-looking statements.
For further information on these and other factors that could
impact us and the statements contained herein, reference should be
made to our filings with the SEC.
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SOURCE First Industrial Realty Trust, Inc.