05:11 PM EDT, 07/17/2024 (MT Newswires) -- First Industrial Realty Trust ( FR ) reported Q2 funds from operations late Wednesday of $0.66 per diluted share or unit, up from $0.61 a year earlier.

Analysts polled by Capital IQ expected $0.64.

Revenue for the quarter ended June 30 was $164.1 million, up from $152.2 million a year earlier.

Analysts expected $163.5 million.

For 2024, the company raised its projected FFO by $0.03 at the mid-point to a new range of $2.57 to $2.65 from its prior guidance of $2.53 to $2.63 per share.

Analysts polled by Capital IQ have been looking for $2.58.

First Industrial shares were nearly 2% higher in after-hours activity.

Price: 52.35, Change: +0.91, Percent Change: +1.77