First Industrial Realty Trust, Inc. (FR) Q3 2009 Earnings Results

First Indl Rlty Tr I REIT Beats on EPS, Stock Down 4.9%

The earnings report shows that First Indl Rlty Tr I REIT exceeded expectations on EPS, which is a positive sign for the company. However, the stock dropped by nearly 5% following the announcement, likely due to a lack of revenue data and concerns about future market conditions. Investors may be cautious as management did not provide any guidance for the upcoming quarters.

The print

Key numbers

Actual vs. consensus

Metric	Actual	Expected	Surprise
EPS	$0.57	N/A	+21.28%
Revenue	N/A	N/A	N/A

Management

Management commentary

Tone: Cautiously Optimistic

Management conveyed a cautious outlook, emphasizing the strength of their current portfolio. They acknowledged challenges in the broader economic environment.

Management highlighted resilience in the industrial real estate sector.

They noted ongoing demand but expressed concerns about future market conditions.

First Indl Rlty Tr I REIT Beats on EPS, Stock Down 4.9%

Key numbers

Management commentary

First Industrial Realty Trust, Inc.

More earnings this week

First Indl Rlty Tr I REIT Beats on EPS, Stock Down 4.9%

Key numbers

Management commentary