CHICAGO, Nov. 1, 2022
/PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a
leading fully integrated owner, operator and developer of
industrial real estate, today announced that its board of directors
declared a common stock dividend of $0.295 per share/unit for the quarter ending
December 31, 2022 payable on
January 17, 2023 to stockholders of
record on December 31, 2022.
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 68.4 million square feet
of industrial space as of September 30,
2022. 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; the uncertainty and economic
impact of pandemics, epidemics or other public health emergencies
or fear of such events, such as the outbreak of coronavirus disease
2019 (COVID-19); 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; our ability to retain 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; our ability to identify,
acquire, develop and/or manage properties on favorable terms; our
ability to dispose of properties on favorable terms; 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;
potential natural disasters and other potentially catastrophic
events such as acts of war and/or terrorism; litigation, including
costs associated with prosecuting or defending claims and any
adverse outcomes; risks associated with our investments in joint
ventures, including our lack of sole decision-making authority; 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,
2021, 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.
Contact:
|
Art Harmon
|
|
Vice President,
Investor Relations and Marketing
|
|
(312)
344-4320
|
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SOURCE First Industrial Realty Trust, Inc.