Industrial REITs: Virus Exposes Frail Supply Chains
The "hub of e-commerce" and the hottest property sector of the last half-decade, Industrial REITs have been unfazed by the coronavirus-induced pain that has encumbered much of the REIT sector.The dramatic acceleration in e-commerce adoption has pulled forward the "retail apocalypse" trends as retailers divert more of their capital away from malls and into distribution supply chains.While much of the REIT sector was slashing dividends this year, nearly half of industrial REITs have raised dividends in 2020. Rent collection has averaged more than 97% since April.Underscoring the sector's favorable supply/demand conditions, Amazon's rumored interest in converting malls into last-mile distribution hubs has turned some heads, but the impact on industrial REITs will be immaterial.Recent earnings reports confirmed that fundamentals are back in-line with pre-pandemic expectations with positive growth expected in 2020. With the pandemic exposing deficiencies in supply chains, we believe the logistics-boom is back in the early-innings.
Seekingalpha · 4h ago
Dividend Hikes Lift REITs
On another choppy week, U.S. equity markets finished mostly lower despite a solid slate of economic data and assurances from the Federal Reserve that it would keep interest rates near-zero indefinitely.Declining for the third-straight week following a six-week winning streak, the S&P 500 dipped another 1.0% this week and is now roughly 7% below its recent all-time highs.An encouraging slate of dividend news and rent collection updates buoyed real estate equities this week, particularly the more beaten-down property sectors, including malls, hotels, student housing, and mortgage REITs.After the Equity REIT sector was slammed by a wave of 64 dividend cuts in March through June, since then, we've seen far more dividend increases than dividend cuts in the REIT sector, including five more boosts from equity REITs and three from mortgage REITs this week.Housing Heats-Up: Homebuilder Sentiment jumped to the strongest levels on record in September, driven by a surge in Home Buyer Traffic, which far exceeded previous record levels as inventory levels remain historically tight.
Seekingalpha · 3d ago
Hedge Funds Cant Stop Buying First Industrial Realty Trust, Inc. (FR)
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You can find articles about an
Insider Monkey · 5d ago
Here's Why My REITs Beat Your REITs
Over the last several years we've seen larger equity REITs consistently outperform, but the gap becomes even larger with the recession.Tiny equity REITs trade at lower multiples FFO and AFFO, but that shouldn't be your only criteria.Tiny equity REITs have dramatically worse margins across key metrics.Tiny equity REITs have dramatically higher leverage, putting them in a much worse position whenever the economy slides into a recession.Investors are finally realizing that mortgage REITs are for trading, but they still think if they buy-and-hold crap equity REITs it will work out great.
Seekingalpha · 09/14 11:00
Declining Stock and Solid Fundamentals: Is The Market Wrong About First Industrial Realty Trust, Inc. (NYSE:FR)?
With its stock down 3.9% over the past month, it is easy to disregard First Industrial Realty Trust (NYSE:FR). But if...
Simply Wall St. · 09/07 18:04
First Industrial Realty Trust to Participate in Two September Investor Conferences; Provides Update on Rent Collections
First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, announced that it will participate in two virtual investor conferences in September: the BMO 2020 Real Assets Conference and the BofA Securities 2020 Global Real Estate
PR Newswire · 09/01 13:45
First Industrial Realty Trust declares $0.25 dividend
First Industrial Realty Trust (NYSE:FR) declares $0.25/share quarterly dividend, in line with previous. Forward yield 2.29% Payable Oct. 19; for shareholde
seekingalpha · 08/05 01:54
First Industrial Realty Trust Declares Common Stock Dividends
First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced that its board of directors declared a common stock dividend of $0.25 per share/unit for the quarter ending Sept
PR Newswire · 08/04 20:16
Are You Looking for a High-Growth Dividend Stock? Colgate-Palmolive (CL) Could Be a Great Choice
Zacks · 08/03 16:45
Why First Industrial Realty Trust (FR) is a Top Dividend Stock for Your Portfolio
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Industrial Realty Trust (FR) have what it takes? Let's find out.
Zacks · 07/31 15:45
First Industrial Realty Trust's Shares March Higher, Can It Continue?
As of late, it has definitely been a great time to be an investor in First Industrial Realty Trust.
Zacks · 07/31 10:31
Housing Is Red Hot
Seeking Alpha · 07/25 13:00
First Industrial Realty Trust (FR) Q2 FFO and Revenues Beat Estimates
First Industrial Realty Trust (FR) delivered FFO and revenue surprises of 4.55% and 0.15%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Zacks · 07/22 22:05
First Industrial Realty Q2 FFO $0.46 Up From $0.43 YoY
First Industrial Realty (NYSE:FR) reported quarterly earnings of $0.46 per share. This is a 6.98 percent increase over earnings of $0.43 per share from the same period last year.
Benzinga · 07/22 20:53
First Industrial Realty Trust Reports Second Quarter 2020 Results
First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced results for the second quarter of 2020. Diluted net income available to common stockholders per share (EPS) was
PR Newswire · 07/22 20:52
Should You Buy First Industrial (FR) Ahead of Earnings?
First Industrial (FR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Zacks · 07/21 13:57
Did Hedge Funds Make The Right Call On First Industrial Realty Trust, Inc. (FR) ?
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds
Insider Monkey · 07/20 22:38
First Industrial Boosts Flexibility With Loan Refinancing
First Industrial's (FR) $200-million loan refinancing extends its debt maturities and boosts financial flexibility post the pandemic.
Zacks · 07/16 14:07
First Industrial refinances $200M term loan facility
First Industrial Realty Trust (NYSE:FR) gets a new unsecured term loan facility to refinance its $200M facility that was previously scheduled to mature on
seekingalpha · 07/16 02:14
First Industrial Realty Trust Announces Refinancing of $200 Million Unsecured Term Loan
First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator, and developer of industrial real estate, today announced entering into a new unsecured term loan facility that refinances its $200 million unsecured term loan facility
PR Newswire · 07/15 20:48