Patrick Hackett - First Industrial Independent Director

FR Stock  USD 46.03  0.44  0.95%   

Director

Mr. H. Patrick Hackett, Jr. is an Independent Director of First Industrial Realty Trust, Inc. Mr. Hackett is the principal of HHS Co., an investment company located in the Chicago area. Previously, he served as the President and Chief Executive Officer of RREEF Capital, Inc. and as principal of The RREEF Funds, an international commercial real estate investment management firm. Mr. Hackett taught real estate finance at the Kellogg Graduate School of Management for 15 years when he also served on the real estate advisory boards of Kellogg and the Massachusetts Institute of Technology. He currently chairs the board of Wintrust Financial Corporation and is a trustee of Northwestern University. Mr. Hackett provides the Board of Directors with valuable real estate investment and finance expertise, and the Board of Directors further benefits from Mr. Hacketts experience on boards in the financial services sector. In addition, Mr. Hacketts financial expertise is valuable to the Companys Audit Committee, which he has chaired since June 2010, and we have determined him to be an audit committee financial expert. since 2009.
Age 66
Tenure 15 years
Address One North Wacker Drive, Chicago, IL, United States, 60606-6627
Phone312 344 4300
Webhttps://www.firstindustrial.com
Hackett taught real estate finance at the Kellogg Graduate School of Management for 15 years when he also served on the real estate advisory boards of Kellogg and the Massachusetts Institute of Technology. He also currently serves on the board of Wintrust Financial Corporationration and is a director of Wintrust Bank.

First Industrial Management Efficiency

The company has Return on Asset (ROA) of 0.0303 % which means that for every $100 of assets, it generated a profit of $0.0303. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.1136 %, which means that it produced $0.1136 on every 100 dollars invested by current stockholders. First Industrial's management efficiency ratios could be used to measure how well First Industrial manages its routine affairs as well as how well it operates its assets and liabilities. At this time, First Industrial's Return On Tangible Assets are relatively stable compared to the past year. As of 04/25/2024, Return On Assets is likely to grow to 0.06, while Return On Capital Employed is likely to drop 0.05. At this time, First Industrial's Return On Assets are relatively stable compared to the past year. As of 04/25/2024, Asset Turnover is likely to grow to 0.14, while Non Current Assets Total are likely to drop slightly above 2.7 B.
The company reports 2.25 B of total liabilities with total debt to equity ratio (D/E) of 0.81, which is normal for its line of buisiness. First Industrial Realty has a current ratio of 1.82, which is generally considered normal. Debt can assist First Industrial until it has trouble settling it off, either with new capital or with free cash flow. So, First Industrial's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Industrial Realty sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Industrial's use of debt, we should always consider it together with cash and equity.

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is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. In total, we own and have under development approximately 64.1 million square feet of industrial space as of September 30, 2020. First Industrial operates under REITIndustrial classification in the United States and is traded on New York Stock Exchange. It employs 162 people. First Industrial Realty (FR) is traded on New York Stock Exchange in USA. It is located in One North Wacker Drive, Chicago, IL, United States, 60606-6627 and employs 156 people. First Industrial is listed under Diversified REITs category by Fama And French industry classification.

Management Performance

First Industrial Realty Leadership Team

Elected by the shareholders, the First Industrial's board of directors comprises two types of representatives: First Industrial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Industrial's management team and ensure that shareholders' interests are well served. First Industrial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Industrial's outside directors are responsible for providing unbiased perspectives on the board's policies.
Peter Baccile, President, Chief Executive Officer, Director
Christopher CPA, Executive Officer
Scott Musil, Chief Financial Officer
Jennifer Rice, General Counsel, Secretary
Brenda Smith, VP HR
Robert Walter, Executive Management
John Rau, Lead Independent Director
Bruce Duncan, CEO and President Director and Member of Investment Committee
Johannson Yap, Co-Founder, Chief Investment Officer and Executive VP of West Region
Valerie Baxa, Senior Environmental
Ed Tyler, Independent Chairman of the Board
David Harker, Executive Vice President, Central Region
Denise Olsen, Independent Director
Teresa Bazemore, Independent Director
Arthur Harmon, Senior Marketing
Peter Schultz, Executive VP of East Region and Member of Management Committee
Leonard Sharpe, Independent Director
Art Harmon, Senior Director, Investor Relations / Corporate Communications
Adam Moore, Regional Milwaukee
William Tyler, Independent Director
Scott CPA, Senior CFO
Marcus Smith, Independent Director
Matthew Dominski, Independent Chairman of the Board
Patrick Hackett, Independent Director
H Hackett, Independent Director
Sara Niemiec, Chief Officer

First Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First Industrial a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

First Industrial Investors Sentiment

The influence of First Industrial's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in First. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to First Industrial's public news can be used to forecast risks associated with an investment in First. The trend in average sentiment can be used to explain how an investor holding First can time the market purely based on public headlines and social activities around First Industrial Realty. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
First Industrial's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for First Industrial's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average First Industrial's news discussions. The higher the estimated score, the more favorable is the investor's outlook on First Industrial.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards First Industrial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, First Industrial's short interest history, or implied volatility extrapolated from First Industrial options trading.

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When determining whether First Industrial Realty is a strong investment it is important to analyze First Industrial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Industrial's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Industrial Realty. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
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When running First Industrial's price analysis, check to measure First Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Industrial is operating at the current time. Most of First Industrial's value examination focuses on studying past and present price action to predict the probability of First Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Industrial's price. Additionally, you may evaluate how the addition of First Industrial to your portfolios can decrease your overall portfolio volatility.
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Is First Industrial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Industrial. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Industrial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.231
Dividend Share
1.33
Earnings Share
2.17
Revenue Per Share
4.72
Quarterly Revenue Growth
0.04
The market value of First Industrial Realty is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Industrial's value that differs from its market value or its book value, called intrinsic value, which is First Industrial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Industrial's market value can be influenced by many factors that don't directly affect First Industrial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Industrial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.