Attached files
file | filename |
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8-K - FORM 8-K - FIRST INDUSTRIAL REALTY TRUST INC | c63304e8vk.htm |
EX-8.1 - EX-8.1 - FIRST INDUSTRIAL REALTY TRUST INC | c63304exv8w1.htm |
EX-5.1 - EX-5.1 - FIRST INDUSTRIAL REALTY TRUST INC | c63304exv5w1.htm |
EX-10.1 - EX-10.1 - FIRST INDUSTRIAL REALTY TRUST INC | c63304exv10w1.htm |
Exhibit 99.1
First Industrial Realty Trust, Inc.
311 South Wacker Drive
Suite 3900
Chicago, IL 60606
312/344-4300
FAX: 312/922-9851
MEDIA RELEASE
311 South Wacker Drive
Suite 3900
Chicago, IL 60606
312/344-4300
FAX: 312/922-9851
MEDIA RELEASE
First Industrial Realty Trust, Inc. Announces
At-The-Market Offering
At-The-Market Offering
CHICAGO, February 28, 2011 First Industrial Realty Trust, Inc. (NYSE: FR), a leading owner
and operator of industrial real estate and provider of supply chain solutions, announced today that
it has filed a prospectus supplement under which it may from time to time sell up to 10,000,000
shares of its common stock through an at-the-market equity offering program, with an aggregate
gross sales price of up to $100 million. The shares would be offered through Wells Fargo
Securities, LLC, J.P. Morgan Securities LLC, Morgan Keegan & Company, Inc., Piper Jaffray & Co.,
Lazard Capital Markets LLC, and Macquarie Capital (USA) Inc., each of whom may act as sales agent.
Sales, if any, are anticipated to be made primarily in transactions that are deemed to be
at-the-market offerings, including sales made directly on the New York Stock Exchange or sales
made to or through a market maker other than on an exchange or by privately negotiated
transactions. The Company intends to use the proceeds for general corporate purposes, which may
include repayments or repurchases of debt. The offering would be made pursuant to a prospectus
supplement, dated February 28, 2011, to the Companys base prospectus, dated September 18, 2009,
filed as part of its effective shelf registration statement.
You may obtain the prospectus supplement and the related prospectus by visiting EDGAR on the SEC
website at www.sec.gov or the sales agents will arrange to send you the prospectus supplement and
the related prospectus if you request it by contacting Wells Fargo Securities, LLC, 375 Park
Avenue, New York, New York, 10152, telephone (800) 326-5897 or by email request to
equitysyndicate@wellsfargo.com, or J.P. Morgan Securities LLC, telephone (212) 622-4401.
This press release is for informational purposes only and is not an offer to buy or the
solicitation of an offer to sell any security of the Company, nor will there be any offer, sale or
solicitation of any security in any jurisdiction in which such offer, sale or solicitation would be
unlawful.
About First Industrial Realty Trust, Inc.
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading owner and operator of industrial real
estate and provider of supply chain solutions to multinational corporations and regional customers.
Across major markets in North America, our local market experts manage, lease, buy, (re)develop,
and sell bulk and regional distribution centers, light industrial, and other industrial facility
types. We have a track
< more >
record of industry leading customer service, and in total, we own, manage and have under
development 74 million square feet of industrial space. For more information, please visit us at
www.firstindustrial.com. We post or otherwise make available on this website from time to time
information that may be of interest to investors.
Forward-Looking Information
This
press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. We intend such
forward-looking statements to be covered by the safe harbor provisions for forward-looking
statements contained in the Private Securities Litigation Reform Act of 1995 and are including this
statement for purposes of complying with those safe harbor provisions. Forward-looking statements,
which are based on certain assumptions and describe future plans, strategies and expectations of
the Company, are generally identifiable by use of the words believe, expect, intend,
anticipate,, estimate, project, seek, target, potential, focus, may, should or
similar expressions. Our ability to predict results or the actual effect of future plans or
strategies is inherently uncertain. Factors which could have a materially adverse effect on our
operations and future prospects include, but are not limited to: changes in national,
international, regional and local economic conditions generally and real estate markets
specifically; changes in legislation/regulation (including changes to laws governing the taxation
of real estate investment trusts) and actions of regulatory authorities (including the Internal
Revenue Service); our ability to qualify and maintain our status as a real estate investment trust;
the availability and attractiveness of financing (including both public and private capital) to us
and to our potential counterparties; the availability and attractiveness of terms of additional
debt repurchases; interest rates; our credit agency ratings; our ability to comply with applicable
financial covenants; competition; changes in supply and demand for industrial properties (including
land, the supply and demand for which is inherently more volatile than other types of industrial
property) in the Companys current and proposed market areas; difficulties in consummating
acquisitions and dispositions; risks related to our investments in properties through joint
ventures; environmental liabilities; slippages in development or lease-up schedules; tenant
creditworthiness; higher-than-expected costs; changes in asset valuations and related impairment
charges; changes in general accounting principles, policies and guidelines applicable to real
estate investment trusts; international business risks; and those additional factors described
under the heading Risk Factors and elsewhere in the Companys annual report on Form 10-K for the
year ended December 31, 2010 and in the Companys subsequent reports on Form 10-Q. We caution you
not to place undue reliance on forward-looking statements, which reflect our outlook only and speak
only as of the date of this press release or the dates indicated in the statements. We assume no
obligation to update or supplement forward-looking statements. For further information on these and
other factors that could impact the Company and the statements contained herein, reference should
be made to the Companys filings with the Securities and Exchange Commission.
Contact: | Art Harmon Senior Director, Investor Relations and Corporate Communications 312-344-4320 |
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