SECOND QUARTER 2021 RESULTS •Occupancy of 96.6%, Up 90 Basis Points from 1Q21; Cash Rental Rates Up 15.7% •Signed 1.2 Million Square Feet of New Leases for Speculative Developments in the Second Quarter and Third Quarter To-Date •Started Four Developments Totaling 2.7 Million Square Feet Including a 692,000 Square-Foot Build-to-Suit in Nashville, Estimated Investment of $266 Million •Announced Three Planned Development Starts for Third Quarter Totaling 692,000 Square Feet, Estimated Investment of $108 Million •In 3Q21, Closed $750 Million Unsecured Revolving Credit Facility and $200 Million Unsecured Term Loan Previously Scheduled to Mature in 2021 CHICAGO, July 21, 2021 - First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced results for the second quarter of 2021. First Industrial s diluted net income available to common stockholders
First Industrial Realty Trust Reports Second Quarter 2021 Results
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First Industrial Realty Trust Reports Second Quarter 2021 Results
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Operator
Good day, ladies and gentlemen and thank you for standing by. Welcome to the First Industrial First Quarter 2021 Results Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded. [Operator Instructions] At this time, I would like to turn the conference over to Mr. Art Harmon. Thank you. Sir, please begin.
Arthur Harmon
Vice President, Investor Relations & Marketing
Thank you, Howard. Hello, everybody, and welcome to our call. Before we discuss our first quarter 2021 results as well as updated guidance, let me remind everyone that our call may include forward-looking statements as defined by federal securities laws. These statements are based on management s expectations plans and estimates of our prospects. Today s statements may be time sensitive and accurate only as of today s date, Thursday, April 22, 2021. We assume no obligation to update our statements or the other information we provide. Actual results may differ materially