CHICAGO, April 30, 2018 /PRNewswire/ -- First Industrial
Realty Trust, Inc. (NYSE: FR) ("First Industrial" or the "Company")
announced today that it has commenced an underwritten public
offering of 4.8 million shares of its common stock.
The Company intends to use the proceeds for general corporate
purposes, which may include development and/or acquisitions of
properties. Completion of the offering is subject to customary
closing conditions.
Citigroup is acting as the sole underwriter for the common stock
offering.
The shares of common stock are being offered under the Company's
shelf registration statement, including a prospectus filed by First
Industrial with the Securities and Exchange Commission on
March 14, 2017. When available, a
copy of the prospectus supplement and prospectus relating to the
offering may be obtained from Citigroup c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by calling (800)
831-9146 or by visiting the EDGAR database on the SEC's web
site at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any security, nor shall there be
any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About First Industrial Realty Trust, Inc.
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading
fully integrated owner, operator, and developer of industrial real
estate with a track record of providing industry-leading customer
service to multinational corporations and regional customers.
Across major markets in the United
States, our local market experts manage, lease, buy,
(re)develop, and sell bulk and regional distribution centers, light
industrial, and other industrial facility types. In total, we own
and have under development approximately 64.3 million square feet
of industrial space as of March 31,
2018. For more information, please visit us at
www.firstindustrial.com.
Forward-Looking Information
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, and
Section 21E of the Securities Exchange Act of 1934. We intend for
such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are based on certain assumptions and describe our future
plans, strategies and expectations, and are generally identifiable
by use of the words "believe," "expect," "plan, "intend,"
"anticipate," "estimate," "project," "seek," "target," "potential,"
"focus," "may," "will," "should" or similar words. Although we
believe the expectations reflected in forward-looking statements
are based upon reasonable assumptions, we can give no assurance
that our expectations will be attained or that results will not
materially differ. Factors which could have a materially adverse
effect on our operations and future prospects include, but are not
limited to: changes in national, international, regional and local
economic conditions generally and real estate markets specifically;
changes in legislation/regulation (including changes to laws
governing the taxation of real estate investment trusts) and
actions of regulatory authorities; our ability to qualify and
maintain our status as a real estate investment trust; the
availability and attractiveness of financing (including both public
and private capital) and changes in interest rates; the
availability and attractiveness of terms of additional debt
repurchases; changes in our credit agency ratings; our ability to
comply with applicable financial covenants; our competitive
environment; changes in supply, demand and valuation of industrial
properties and land in our current and potential market areas;
difficulties in identifying and consummating acquisitions and
dispositions; our ability to manage the integration of properties
we acquire; potential liability relating to environmental matters;
defaults on or non-renewal of leases by our tenants; decreased
rental rates or increased vacancy rates; higher-than-expected real
estate construction costs and delays in development or lease-up
schedules; changes in general accounting principles, policies and
guidelines applicable to real estate investment trusts; and other
risks and uncertainties described under the heading "Risk Factors"
and elsewhere in our annual report on Form 10-K for the year ended
December 31, 2017, as well as those
risks and uncertainties discussed from time to time in our other
Exchange Act reports and in our other public filings with the SEC.
We caution you not to place undue reliance on forward-looking
statements, which reflect our outlook only and speak only as of the
date of this press release or the dates indicated in the
statements. We assume no obligation to update or supplement
forward-looking statements. For further information on these and
other factors that could impact us and the statements contained
herein, reference should be made to our filings with the
SEC.
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SOURCE First Industrial Realty Trust, Inc.