First Industrial Realty Trust (FR): Q4 FFO Exceeds Estimates, Revenue Surpasses Forecasts

First Industrial Realty Trust Inc. (FR) reported fourth-quarter results exceeding Wall Street expectations. Funds from operations for Q4 amounted to $104.2 million, or 77 cents per share, surpassing the 76 cents per share average estimate from three analysts. Net income for the quarter was $78.8 million, or 59 cents per share, and revenue reached $188.4 million, beating the $185.9 million forecast. Year-over-year, funds from operations totaled $403.8 million, and revenue was $727.1 million. The company now expects full-year 2026 FFO of $3.09 to $3.19 per share. FFO, a key REIT performance metric, is calculated by taking net income and adding back depreciation and amortization.