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Here's What Key Metrics Tell Us About First Industrial Realty Trust (FR) Q2 Earnings

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For the quarter ended June 2023, First Industrial Realty Trust (FR - Free Report) reported revenue of $152.22 million, up 17.1% over the same period last year. EPS came in at $0.61, compared to $0.88 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $147.7 million, representing a surprise of +3.06%. The company delivered an EPS surprise of +1.67%, with the consensus EPS estimate being $0.60.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how First Industrial Realty Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenues- Tenant Recoveries and Other Income: $33.93 million versus the four-analyst average estimate of $33.32 million. The reported number represents a year-over-year change of +15.1%.
  • Revenues- Rental income: $116.95 million compared to the $114.38 million average estimate based on four analysts. The reported number represents a change of +16.3% year over year.
  • Net Earnings Per Share (Diluted): $0.41 versus the five-analyst average estimate of $0.28.
View all Key Company Metrics for First Industrial Realty Trust here>>>

Shares of First Industrial Realty Trust have returned +0.7% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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