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Cash rental rates jump 52% in 3Q26; First Industrial raises 2026 FFO and NOI growth guidance

Company Fundamentals
21 Oct 2026
PRNewsWire
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Bullish
Cash rental rates jump 52% in 3Q26; First Industrial raises 2026 FFO and NOI growth guidance

First Industrial Realty Trust reported a 52% increase in cash rental rates for new and renewal leases in Q3 2026, with same store net operating income (NOI) growth of 5.6%. The company acquired a fully leased 764,000 sq ft building in Pennsylvania for $120 million and leased the remaining space at a Miami development. Strong tenant demand and early renewals for 2027 leases support an increased 2026 funds from operations (FFO) guidance by $0.01 at midpoint and a 75 basis point rise in same store NOI growth guidance to 6.5%. The company remains focused on leasing and development to drive future cash flow growth.

First Industrial Realty Trust's Q3 2026 results include a 52% increase in cash rental rates for new and renewal leases. For readers following the Real Estate sector, here is Pluang's market snapshot as of Oct 22, 2026 03:02 WIB: out of 47 priced US Real Estate stocks, 13 rose and 34 fell. Notable movers include CCI at USD 78.74 with a 1-day change of -2.96% and a typical hold time on Pluang of 91 days, HR at USD 17.27 with a -2.79% change and a 7-day hold time, and PK at USD 17.00 with a +2.63% change and a 7-day hold time.

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