---
schema_version: "secwatch.filing_event.v1"
accession: "0000921825-24-000040"
form_type: "8-K"
ticker: null
cik: "0001033128"
company_name: "FIRST INDUSTRIAL LP"
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:28:18.870551+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Q1 EPS $0.52, FFO $0.60; cash same-store NOI +10.0%; dividend raised to $0.37; guidance trimmed

## Summary
- Q1 diluted EPS $0.52 (vs $0.42 YoY); FFO $0.60/share (vs $0.59 adjusted).
- Cash same-store NOI grew 10.0%; cash rental rates on new/renewal leases +44.8%.
- Signed 1.6M sq ft development leases; sold 9 buildings for $49M.
- Quarterly dividend raised 15.6% to $0.37/share from $0.32.
- FY2024 guidance lowered: NAREIT FFO $2.53-$2.63; occupancy 95.75%-96.75% midpoint 25bps lower.

## SEC filing metadata
- accession: 0000921825-24-000040
- form_type: 8-K
- cik: 0001033128
- company_name: FIRST INDUSTRIAL LP
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1033128/000092182524000040/0000921825-24-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921825/000092182524000040/fr-20240417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000921825-24-000040
- JSON: https://secwatch.observer/filing/0000921825-24-000040.json
- Plain text: https://secwatch.observer/filing/0000921825-24-000040.txt

## Key facts
- Earnings Releases
  FIRST INDUSTRIAL LP reported first quarter of 2024 results: EPS $0.52. Guidance reaffirmed.
  - Period: first quarter of 2024
  - EPS: $0.52
  - Guidance: reaffirmed
  - Result: reported results
  source text: First Industrial's diluted net income available to common stockholders per share (EPS) was $0.52 in the first quarter, compared to $0.42 a year ago and first quarter funds from operations (FFO) was $0.60 per share/unit on a diluted basis, compared to $0.59 per share/unit a year ago.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1033128/000092182524000040/0000921825-24-000040-index.htm
- Earnings Releases
  FIRST INDUSTRIAL LP reported 2024 results: net income $ 1.49 $ 1.59, EPS $ 2.53 $ 2.63. Guidance lowered.
  - Period: 2024
  - Net income: $ 1.49 $ 1.59
  - EPS: $ 2.53 $ 2.63
  - Guidance: lowered
  - Result: guidance update
  source text: Low End of High End of Guidance for 2024 Guidance for 2024 (Per share/unit) (Per share/unit) Net Income Available to Common Stockholders $ 1.49 $ 1.59 Add: Depreciation and Other Amortization of Real Estate 1.26 1.26 Less: Gain on Sale of Real Estate, Net of Allocable Income Tax Provision (Including Joint Venture) and Net of Joint Venture Noncontrolling Interest, Through April 17, 2024 (0.22) (0.22) NAREIT Funds From Operations (1) $ 2.53 $ 2.63
  evidence_url: https://www.sec.gov/Archives/edgar/data/1033128/000092182524000040/0000921825-24-000040-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.