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The past six months have seen several notable events impacting First Industrial Realty Trust's stock. The company reported strong financial results for the first quarter of 2026 on April 22, 2026, with diluted net income available to common stockholders per share (EPS) at $1.08, up from $0.36 a year prior. First-quarter funds from operations (FFO) were $0.68 per share/unit. Cash rental rates on new and renewal leasing increased by 32% in Q1 2026, and the company achieved a 41% cash rental rate increase on leases signed to date commencing in 2026. First Industrial also increased its quarterly dividend to $0.50 per share in 2026, a 12.4% increase over the 2025 rate. On April 30, 2026, shareholders re-elected all incumbent directors with significant support. The company also announced its participation in Nareit's REITWeek 2026 Investor Conference on June 2, 2026. For the second quarter of 2026, reported on July 22, 2026, diluted EPS was $0.58, compared to $0.42 a year ago, and FFO was $0.82 per share/unit, up from $0.76. Cash same-store net operating income (NOI) grew by 6.7%, and cash rental rates on commenced new and renewal leasing increased by 39%. The company also announced a new 708,000 square-foot lease in Central Pennsylvania and commenced development of a 613,000 square-foot building in Philadelphia. Despite these strong fundamentals, the stock price experienced an approximately 11.2% decline between July 24 and October 2, 2026. This decline occurred even as management raised 2026 FFO and NOI guidance midpoints. A "SHAREHOLDER ALERT" announcing an investigation of First Industrial Realty Trust, Inc. was issued by Purcell & Lefkowitz LLP on July 16, 2026.