Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 164M | 1.1% |
| Gross Profit | 68M | 11% |
| Cost of Revenue | 96M | 4.9% |
| Operating expense | 53M | 1.7% |
| Net Income | 51M | 25% |
| EBITDA | 117M | 12.3% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 5.21B | 0.1% |
| Total Liabilities | 2.53B | 0% |
| Total Equity | 2.6B | 0.2% |
| Shares Outstanding | 132M | 0% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 108M | 72.4% |
| Cash from investing | -53M | 177.7% |
| Cash from financing | -57M | 48.9% |
EPS
Financial Highlights for First Industrial Realty Trust in Q2 '24
First Industrial Realty Trust reported a revenue of 164M, which is a 1.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 68M, marking a 11% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 96M, a -4.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 53M, showing a -1.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 51M, showing a -25% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 117M, showing a -12.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
First Industrial Realty Trust faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
