First Industrial Realty Trust (NYSE: FR) reported third-quarter 2026 revenue of $197.1 million, up from $181.4 million a year earlier. GAAP net income was $60.5 million, compared with $67.4 million in the prior-year quarter, while basic and diluted EPS was $0.44 versus $0.49.
The industrial real estate company reported diluted FFO of $0.81 per share or unit, compared with $0.76 a year earlier, and increased its 2026 FFO guidance midpoint by $0.01.
- Cash rental rates on commenced new and renewal leases increased 52% during the quarter.
- Cash same-store NOI before termination fees rose 5.6%.
- In-service occupancy was 94.1% at September 30, compared with 94.9% at June 30.
- First Industrial acquired a fully leased 764,000-square-foot Central Pennsylvania building for $120 million.
- 2026 net income guidance available to common stockholders and unitholders was $2.51 to $2.55 per share or unit.
$FR Hedge Fund Activity
We have seen 245 institutional investors add shares of $FR stock to their portfolio, and 180 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 2,587,326 shares (+inf%) to their portfolio in Q2 2026, for an estimated $158,628,957
- JPMORGAN CHASE & CO added 2,581,701 shares (+inf%) to their portfolio in Q2 2026, for an estimated $158,284,088
- CENTERSQUARE INVESTMENT MANAGEMENT LLC added 2,205,535 shares (+83.2%) to their portfolio in Q2 2026, for an estimated $135,221,350
- PGGM INVESTMENTS removed 1,135,312 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $69,605,978
- INVESCO LTD. removed 1,049,954 shares (-30.5%) from their portfolio in Q2 2026, for an estimated $64,372,679
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 783,635 shares (+27323.4%) to their portfolio in Q2 2026, for an estimated $48,044,661
- QUBE RESEARCH & TECHNOLOGIES LTD added 738,596 shares (+264.9%) to their portfolio in Q2 2026, for an estimated $45,283,320
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
