Industrial REITs Standardize Key Property Metrics – First Industrial Realty (NYSE:FR)

CHICAGO, April 1, 2025/ PRNewswire/– Very First Industrial Real Estate Trust, Inc. FR today revealed a union of commercial property financial investment trusts– Very first Industrial, EastGroup Residence, Inc., Prologis, Inc., and STAG Industrial, Inc. (jointly, the “Industrial REIT Group”)– has actually upgraded its standardized method for computing essential non-GAAP residential or commercial property metrics to enhance comparability throughout the sector.

Structure on the 2018 harmonization effort, the Industrial REIT Group declared its technique to figuring out residential or commercial property stabilization, tenancy, lease modification, and client retention. Furthermore, the yearly same-store portfolio will continue to consist of just homes that were supported in both the existing and previous durations provided. Requirements to omit value-added and redevelopment homes from the very same shop portfolio was likewise declared.

All Industrial REIT Group members will align their non-GAAP metrics with these methods when the metric is divulged. These methods are integrated in Very first Industrial’s 2025 assistance and are not anticipated to have a product effect on Very first Industrial’s non-GAAP metrics for durations prior to 2025.

While small distinctions might stay in computation techniques or terms, the shared objective is to improve consistency and comparability throughout the sector.

About Very First Industrial Real Estate Trust, Inc.

Very First Industrial Real Estate Trust, Inc. FR is a leading U.S.-only owner, operator, designer and acquirer of logistics homes. Through our completely incorporated operating and investing platform, we offer high quality centers and industry-leading client service to international corporations and local companies that are vital for their supply chains. Our portfolio and brand-new financial investments are focused in 15 target MSAs with a focus on supply-constrained, coastally oriented markets. In overall, we own and have under advancement roughly 69.5 million square feet of commercial area since December 31, 2024 For additional information, please visit us at www.firstindustrial.com.

Positive Declarations

This news release consists of positive declarations within the significance of Area 27A of the Securities Act of 1933, and Area 21E of the Securities Exchange Act of 1934 (” Exchange Act”). We plan for such positive declarations to be covered by the safe harbor arrangements for positive declarations consisted of in the Personal Securities Lawsuits Reform Act of 1995. Positive declarations are based upon specific presumptions and explain our future strategies, methods and expectations, and are normally recognizable by utilize of the words “think,” “anticipate,” “strategy,” “plan,” “expect,” “quote,” “job,” “look for,” “target,” “prospective,” “focus,” “may,” “will,” “need to” or comparable words. Although our company believe the expectations shown in positive declarations are based upon sensible presumptions, we can offer no guarantee that our expectations will be achieved or that outcomes will not materially vary. Elements that might have a materially negative impact on our operations and future potential customers consist of, however are not restricted to: modifications in nationwide, worldwide, local and regional financial conditions normally and property markets particularly; modifications in legislation/regulation (consisting of modifications to laws governing the tax of property financial investment trusts) and actions of regulative authorities; our capability to certify and preserve our status as a property financial investment trust; the schedule and beauty of funding (consisting of both public and personal capital) and modifications in rates of interest; the schedule and beauty of regards to extra financial obligation repurchases; our capability to keep our credit company scores; our capability to abide by suitable monetary covenants; our competitive environment; modifications in supply, need and assessment of commercial homes and land in our existing and prospective market locations; our capability to determine, get, establish and/or handle homes on beneficial terms; our capability to get rid of homes on beneficial terms; our capability to handle the combination of homes we get; prospective liability connecting to ecological matters; defaults on or non-renewal of leases by our occupants; reduced rental rates or increased job rates; higher-than-expected property building and construction expenses and hold-ups in advancement or lease-up schedules; the unpredictability and financial effect of pandemics, upsurges or other public health emergency situations or worry of such occasions; threats related to security breaches through cyberattacks, cyber invasions or otherwise, along with other substantial disturbances of our infotech networks and associated systems; prospective natural catastrophes and other possibly disastrous occasions such as acts of war and/or terrorism; technological advancements, especially those impacting supply chains and logistics; lawsuits, consisting of expenses related to prosecuting or protecting claims and any negative results; threats related to our financial investments in joint endeavors, including our absence of sole decision-making authority; and other threats and unpredictabilities explained under the heading “Threat Elements” and in other places in our yearly report on Type 10-K for the year ended December 31, 2024, along with those threats and unpredictabilities talked about from time to time in our other Exchange Act reports and in our other public filings with the Securities and Exchange Commission (the “SEC”). We warn you not to put excessive dependence on positive declarations, which show our outlook just and speak just since the date of this news release or the dates showed in the declarations. We presume no commitment to upgrade or supplement positive declarations. For more info on these and other aspects that might affect us and the declarations consisted of herein, referral needs to be made to our filings with the SEC.

View initial material to download multimedia: https://www.prnewswire.com/news-releases/industrial-reits-standardize-key-property-metrics-302417495.html

SOURCE First Industrial Real Estate Trust, Inc.