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REIT Comments |
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07/26/2010
FR $4
First Industrial FR traded UP $0.34 per share to close UP +8% day
FR underperformed Industrial REITs, DOWN (14%) year to date for 2010
FR recent key economic signals favoring Industrial REITs include air freight and container shipment volumes, retail inventory commitments and linerboard price increases
FR previous guidance for FFO for 2010 indicated potential for (30%) decline on lower average rental rates and dilution from share offerings
FR an Industrial REIT
FR we rank 4 SELL
FR market cap $308 million
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