The industrial REIT boosts its full-year guidance after reporting increased touring activity and faster decision-making from tenants.
First Industrial Realty Trust lifted its 2026 NAREIT FFO outlook to a range of $3.08-$3.16, up from prior guidance, citing stronger leasing demand. The company also announced the start of a $77M development project in Philadelphia.
Management noted improved touring activity and quicker tenant decisions compared to earlier in the year and 2025. The revised forecast reflects confidence in sustained demand for industrial space amid business growth.
Shares of First Industrial (FR) showed limited immediate reaction following the announcement, as investors digested the updated guidance and development plans.