Business
First Industrial Realty Trust Comments on Land & Buildings' Withdrawal of Jonathan Litt as a Director Nominee
First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today commented on Land & Buildings' withdrawal of its director nominee, Land & Buildings principal Jonathan Litt, in connection with the Company's upcoming 2026 Annual Meeting of Stockholders (the "Annual Meeting") to be held on April 30, 2026.
About this update from First Industrial Realty Trust, Inc.
[{"type":"text","content":"CHICAGO, March 20, 2026 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today commented on Land & Buildings' withdrawal of its director nominee, Land & Buildings principal Jonathan Litt, in connection with the Company's upcoming 2026 Annual Meeting of Stockholders (the "Annual Meeting") to be held on April 30, 2026.","length":442,"tagName":"p"},{"type":"image","alt":"First Industrial Realty Trust logo. (PRNewsFoto/First Industrial Realty Trust)","displaySize":"","headline":null,"caption":"First Industrial Realty Trust logo. (PRNewsFoto/First Industrial Realty Trust)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":144,"url":"https://media.zenfs.com/en/prnewswire.com/0c8ae7d25a05b669d20981b4c37b1819"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/L4z4Rmb_Ymx.PwBv_GjNmA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI1NA--/https://media.zenfs.com/en/prnewswire.com/0c8ae7d25a05b669d20981b4c37b1819","width":400,"height":144}},"href":"https://mma.prnewswire.com/media/76368/first_industrial_realty_trust_logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Company issued the following statement:","length":43,"tagName":"p"},{"type":"text","content":"Land & Buildings has repeatedly made misleading statements about the Company's strategy and governance, including misrepresenting the Company's historical outperformance. In fact, the Company has delivered superior total shareholder returns relative to its proxy and industrial peers on a one-, three- and five-year basis1.","length":335,"tagName":"p"},{"type":"text","content":"Under this Board's leadership, First Industrial continues to successfully execute the Company's clear, consistent, value-driven strategy and long-term plan, which has delivered sustained stockholder value creation.","length":222,"tagName":"p"},{"type":"text","content":"First Industrial began 2026 from a position of strength, and we remain focused on capitalizing on the significant opportunities within our portfolio and development pipeline to drive continued cash flow growth and enhanced stockholder value. The Company's financial performance reflects the strength of First Industrial's portfolio, the durability of ...