First Industrial Realty (FR) Tops Q3 EPS by 6c, Revenues Beat; Offers FY18 EPS Outlook Above Consensus

First Industrial Realty (NYSE: FR) reported Q3 EPS of $0.24, $0.06 better than the analyst estimate of $0.18. Revenue for the quarter came in at $100.26 million versus the consensus estimate of $99.76 million.

"Demand for logistics real estate continues to outpace new supply, driven by growth in the overall economy, consumption, and the secular shift in the supply chain resulting from the rapid growth of e-commerce," said Peter E. Baccile, First Industrial's president and chief executive officer. "Our excellent third quarter results reflect the efforts of our team, the quality of our portfolio and the strength of the overall industrial leasing market."

GUIDANCE:

First Industrial Realty sees FY2018 EPS of $1.08-$1.12, versus the consensus of $1.02.

For earnings history and earnings-related data on First Industrial Realty (FR) click here.

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