First Industrial Realty Trust (FR) Lags Q1 FFO Estimates

First Industrial Realty Trust reported quarterly FFO of $0.68 per share, missing the Zacks consensus estimate of $0.72 by $0.04, or about 5.6%. The result was flat year over year versus $0.68 per share a year ago, indicating no earnings growth. The miss is mildly negative for a real estate name, but the news is limited to a single quarterly FFO print.

Analysis

First Industrial Realty Trust reported quarterly FFO of $0.68 per share, missing the Zacks consensus estimate of $0.72 by $0.04, or about 5.6%. The result was flat year over year versus $0.68 per share a year ago, indicating no earnings growth. The miss is mildly negative for a real estate name, but the news is limited to a single quarterly FFO print.