First Industrial Realty Trust Inc (FR) Q3 2021 Earnings Call Transcript
FR earnings call for the period ending September 30, 2021.
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FR earnings call for the period ending September 30, 2021.
SECOND QUARTER 2021 RESULTS •Occupancy of 96.6%, Up 90 Basis Points from 1Q21; Cash Rental Rates Up 15.7% •Signed 1.2 Million Square Feet of New Leases for Speculative Developments in the Second Quarter and Third Quarter To-Date •Started Four Developments Totaling 2.7 Million Square Feet Including a 692,000 Square-Foot Build-to-Suit in Nashville, Estimated Investment of $266 Million •Announced Three Planned Development Starts for Third Quarter Totaling 692,000 Square Feet, Estimated Investment of $108 Million •In 3Q21, Closed $750 Million Unsecure...