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FR First Industrial Realty Trust

First Industrial Realty Trust, Inc. 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, its local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, the company owns and has under development approximately 64.1 million square feet of industrial space as of December 31, 2020.

Company profile

FR stock data

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Calendar

23 Jul 21
31 Jul 21
31 Dec 21
Quarter (USD)
Jun 20 Mar 20 Sep 19 Jun 19
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Annual (USD)
Dec 19 Dec 18 Dec 17 Dec 16
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Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 May 21 Bazemore Teresa Bryce LP Units Common Stock Grant Aquire A No No 0 1,449 0 3,416
5 May 21 Dominski Matthew LP Units Common Stock Grant Aquire A No No 0 1,449 0 5,462
5 May 21 Hackett H Patrick JR LP Units Common Stock Grant Aquire A No No 0 1,449 0 5,462
5 May 21 Olsen Denise LP Units Common Stock Grant Aquire A No No 0 1,449 0 5,462
5 May 21 Smith Marcus L. Common Stock Grant Aquire A No No 0 1,727 0 1,727

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

96.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 302 302
Opened positions 43 39 +10.3%
Closed positions 43 46 -6.5%
Increased positions 111 101 +9.9%
Reduced positions 111 118 -5.9%
13F shares
Current Prev Q Change
Total value 5.85B 5.25B +11.5%
Total shares 124.7M 124.49M +0.2%
Total puts 8.4K 12.2K -31.1%
Total calls 213.7K 14.1K +1415.6%
Total put/call ratio 0.0 0.9 -95.5%
Largest owners
Shares Value Change
Vanguard 18.45M $844.77M +3.3%
BLK Blackrock 15.98M $731.75M +1.9%
PFG Principal Financial Group Inc - Registered Shares 6.16M $282.02M +11.6%
BX Blackstone Group Inc 6.05M $276.96M NEW
STT State Street 5.57M $256.78M +1.4%
Long Pond Capital 3.29M $150.45M +132.6%
Centersquare Investment Management 3.15M $144.17M +6.4%
AMP Ameriprise Financial 3.05M $139.8M +7.1%
CNS Cohen & Steers 2.79M $127.64M -55.6%
IVZ Invesco 2.66M $121.77M -31.0%
Largest transactions
Shares Bought/sold Change
BX Blackstone Group Inc 6.05M +6.05M NEW
CNS Cohen & Steers 2.79M -3.49M -55.6%
Long Pond Capital 3.29M +1.87M +132.6%
Norges Bank 0 -1.4M EXIT
IVZ Invesco 2.66M -1.2M -31.0%
Baillie Gifford & Co 1.05M +1.05M NEW
TROW T. Rowe Price 2.54M -996.8K -28.2%
Nuveen Asset Management 960.18K -794.25K -45.3%
Balyasny Asset Management 249.11K -747.8K -75.0%
PFG Principal Financial Group Inc - Registered Shares 6.16M +642.46K +11.6%

Financial report summary

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Management Discussion
  • The tables below summarize our revenues, property expenses and depreciation and other amortization by various categories for the three and six months ended June 30, 2021 and 2020. Same store properties are properties owned prior to January 1, 2020 and held as an in-service property through June 30, 2021 and developments and redevelopments that were placed in service prior to January 1, 2020. Properties which are at least 75% occupied at acquisition are placed in service, unless we anticipate tenant move-outs within two years of ownership would drop occupancy below 75%. Acquisitions that are less than 75% occupied at the date of acquisition and developments and redevelopments are placed in service as they reach the earlier of a) stabilized occupancy (defined as 90% occupied), or b) one year subsequent to acquisition or development/redevelopment construction completion. Acquired properties with occupancy greater than 75% at acquisition, but with tenants that we anticipate will move out within two years of ownership, will be placed in service upon the earlier of reaching 90% occupancy or twelve months after move out. Properties are moved from the same store classification to the redevelopment classification when capital expenditures for a project are estimated to exceed 25% of the undepreciated gross book value of the property. Acquired properties are properties that were acquired subsequent to December 31, 2019 and held as an operating property through June 30, 2021. Sold properties are properties that were sold subsequent to December 31, 2019. Developments and redevelopments (collectively referred to as "(Re)Developments") include (re)developments that were not: a) substantially complete 12 months prior to January 1, 2020; or b) stabilized prior to January 1, 2020. Other revenues are derived from the operations of properties not placed in service under one of the categories discussed above, the operations of our maintenance company and other miscellaneous revenues. Other property expenses are derived from the operations of properties not placed in service under one of the categories discussed above, the operations of our maintenance company, vacant land expenses and other miscellaneous regional expenses.
Content analysis
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Readability
H.S. freshman Avg
New words: ARRC, billion, bringing, Central, Denver, exposed, FCA, impossible, inclusive, leverage, monitoring, Overnight, paced, Pennsylvania, point, proposed, published, repair, SOFR, thereunder, unencumbered, unknown, wide
Removed: anticipation, extendable, Lastly, payment, source