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Industrial real estate company First Industrial Realty Trust, Inc. (NYSE: FR ) announced its financial results for the fourth quarter of 2022, reporting higher profits and lower earnings.
Net income available to shareholders of First Industrial Realty Trust was $81.9 million or $0.62 per share in the fourth quarter, compared to $114.3 million or $0.87 per share a year ago. The following benefited from a 19% increase in revenue to $145 million.
Read management/analyst commentary on monthly reports
“Our team is focused on building an excellent development track record of value creation through lease-ups in the current pipeline,” said Johannson Yap, First Industrial’s chief investment officer.
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