CHICAGO, Aug. 3, 2023
/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 $0.32 per share/unit for the quarter ending
September 30, 2023 payable on
October 16, 2023 to stockholders of
record on September 29, 2023.
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 logistics facilities. In total, we own and
have under development approximately 69.4 million square feet of
industrial space as of June 30, 2023.
For more information, please visit us at
www.firstindustrial.com.
Forward-Looking Statements
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; technological
developments, particularly those affecting supply chains and
logistics; 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, 2022, 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.
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SOURCE First Industrial Realty Trust, Inc.
