First Industrial Q1 EPS $1.08, FFO $0.68; cash same-store NOI +8.7%; dividend +12.4%

FIRST INDUSTRIAL LP

Diluted EPS $1.08 vs $0.36 YoY; adjusted FFO (ex proxy costs) $0.72 vs $0.68.
Cash same-store NOI grew 8.7%; in-service occupancy 94.3% (95.3% a year ago).
Cash rental rates on new/renewal leases up 32%; 41% increase on leases commencing in 2026.
2026 FFO guidance $3.05-$3.15; raised quarterly dividend 12.4% to $0.50/share.
Closed $425M and $375M term loan refinancings; established $250M share repurchase program.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST INDUSTRIAL LP reported the first quarter of 2026 results: EPS $1.08.

Period: the first quarter of 2026
EPS: $1.08
Result: reported results

Exact text from the filing

First Industrial Realty Trust, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended March 31, 2026

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Source: SEC EDGAR

accession 0000921825-26-000051

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