First Industrial Realty Trust: Q1 Earnings Snapshot

CHICAGO AP CHICAGO AP First Industrial Realty Trust Inc FR on Wednesday broadcasted a key measure of profitability in its first quarter The results fell short of Wall Street expectations The Chicago-based real estate assets trust announced it had funds from operations of million or cents per share in the period The average estimate of six analysts surveyed by Zacks Stake Research was for funds from operations of cents per share Funds from operations is a closely watched measure in the REIT industry It takes net income and adds back items such as depreciation and amortization The company mentioned it had net income of million or cents per share The real estate commitment trust based in Chicago posted revenue of million in the period beating Street forecasts Four analysts surveyed by Zacks expected million First Industrial Realty Trust expects full-year funds from operations to be to per share This story was generated by Automated Insights http automatedinsights com ap using input from Zacks Commitment Research Access a Zacks stock statement on FR at https www zacks com ap FR Source