secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INDUSTRIAL LP (—)
CIK:        0001033128
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0000921825-26-000051
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1033128/000092182526000051/0000921825-26-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921825/000092182526000051/fr-20260422.htm
  HTML page:      https://secwatch.observer/filing/0000921825-26-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer