First Industrial Realty Trust Posts Q3 FFO of 81 Cents, Missing Analyst Estimates

First Industrial Realty Trust Inc. (FR) reported third-quarter funds from operations of $111.2 million, or 81 cents per share, falling short of the 82 cents per share expected by three analysts surveyed by Zacks Investment Research. The Chicago-based real estate investment trust posted net income of $58.6 million, or 44 cents per share. Revenue for the period came in at $197.1 million, beating Street forecasts of $196.5 million. Funds from operations, a closely watched measure in the REIT industry, adds back items such as depreciation and amortization to net income. The company guided full-year FFO to a range of $3.11 to $3.15 per share.