Riding a wave of demand, First Industrial profits rise in Q1 “It’s still a landlord’s market and will be for some time,” Chicago-based REIT’s CEO said
First Industrial President and CEO Peter Baccile
UPDATE, May 1, 2 p.m.: Benefiting from a booming national industrial real estate market, First Industrial Realty Trust saw its earnings rise in the first quarter.
The Chicago-based industrial REIT reported net operating income rose to $74.4 million, nearly 6 percent higher year over year. Funds from operations ticked up 12 percent to $53.7 million in the quarter compared to the same period in 2018. The REIT s national portfolio includes some 66 million square feet of space in 19 states, including Illinois,新上海贵族宝贝论坛