|Bid||41.96 x 800|
|Ask||41.97 x 1100|
|Day's Range||41.51 - 42.09|
|52 Week Range||25.89 - 46.12|
|Beta (5Y Monthly)||0.86|
|PE Ratio (TTM)||25.62|
|Forward Dividend & Yield||1.00 (2.42%)|
|Ex-Dividend Date||Dec 30, 2020|
|1y Target Est||N/A|
Real estate development can be risky, as permitting delays, cost overruns, and economic changes can impact a project's returns. While some developers seek to reduce risk by securing tenants or a buyer for a project before they start construction, many begin them on speculation, banking that demand will be strong enough to secure a tenant or buyer before they finish. It shows their confidence demand in the sector will remain strong.
Also on the call today are Jojo Yap, our Chief Investment Officer; Peter Schultz, Executive Vice President; Chris Schneider, Senior Vice President of Operations; and Bob Walter, Senior Vice President of Capital Markets and Asset Management. Now let me turn the call over to Peter.
Peter Baccile has been the CEO of First Industrial Realty Trust, Inc. (NYSE:FR) since 2016, and this article will...