First Industrial Realty Achieves 39% Rent Growth on New Leases

Key Facts

1First Industrial Realty achieved 39% cash rental-rate growth on commenced leases.

2Management raised 2026 FFO and NOI guidance midpoints following strong performance.

3Occupancy improved to 94.9% with same-store NOI growth reaching 6.7%.

First Industrial Realty Trust achieved 39% cash rental-rate growth on commenced leases. Seeking Alpha reported that management raised its 2026 mid-year guidance for funds from operations (FFO) and net operating income (NOI) following the strong performance.

Operational metrics showed occupancy improved to 94.9%, while same-store net operating income grew by 6.7%. The stock FR closed at $59.22 on October 5, 2026, having traded between a high of $60.28 and a low of $59.16 during that session.