First Industrial Realty to report 2023 results on February 8

© Reuters.

CHICAGO - First Industrial Realty Trust, Inc. (NYSE:FR), a prominent player in the logistics real estate sector, has announced that it will release its fourth quarter and full year 2023 financial results after market close on February 7, 2024. The company will then host a conference call the following day, Thursday, February 8, 2024, to discuss the results.

Interested parties can join the conference call at 9:00 a.m. CST (10:00 a.m. EST) by dialing (877) 870-4263 with the passcode "First Industrial." Additionally, the call will be webcast live on the Investors section of First Industrial's website.

A replay of the call will be made available shortly after its conclusion and can be accessed until February 22, 2024, by dialing (877) 344-7529 with passcode 5060379. This replay, along with the results, will also be posted on the company's website.

First Industrial Realty Trust specializes in owning, operating, developing, and acquiring logistics properties and is recognized for providing high-quality facilities and customer service to corporations that require efficient supply chain solutions. As of September 30, 2023, the company's portfolio includes approximately 69.4 million square feet of industrial space across strategically targeted market areas, primarily in supply-constrained coastal regions.

The company's forward-looking statements indicate plans and expectations for the future, subject to potential risks, including economic conditions, regulatory changes, and other factors that could impact operations and prospects. Investors are cautioned not to place undue reliance on these forward-looking statements, which are valid only as of their respective dates.

The information provided in this article is based on a press release statement from First Industrial Realty Trust, Inc.

InvestingPro Insights

As First Industrial Realty Trust, Inc. (NYSE:FR) gears up to release its financial results, investors might find it beneficial to consider some key metrics and insights from InvestingPro. The company's commitment to maintaining high-quality logistics facilities is reflected in its impressive gross profit margin of 92.39% over the last twelve months as of Q3 2023. This figure not only demonstrates operational efficiency but also suggests a strong potential for sustained profitability.

Additionally, with a P/E ratio of 18.05 and an even more attractive PEG ratio of 0.43 for the same period, First Industrial is trading at a low price relative to its near-term earnings growth. This could indicate that the stock is undervalued, presenting a potential opportunity for value investors.

InvestingPro Tips further highlight that First Industrial has maintained dividend payments for 26 consecutive years, showcasing a commitment to returning value to shareholders. This is complemented by a solid 25.02% return over the last three months, which could interest those looking for companies with recent positive performance trends.

For investors seeking more comprehensive analysis and additional insights, InvestingPro offers a range of tips on First Industrial Realty Trust. Currently, there are 8 InvestingPro Tips available, which can be accessed through an InvestingPro subscription, now on a special Cyber Monday sale with discounts of up to 60%. To get an extra 10% off a 2-year InvestingPro+ subscription, use coupon code ProW345.

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