StreetInsider.com News Articles

Land & Buildings Issues Letter Detailing First Industrial’s Governance Discount

Mon, 09 Mar 2026 09:00:00 -0400

Contends that Board Entrenchment Is Costing Shareholders Approximately $15 Per Share

Believes Land & Buildings Founder and CIO Jonathan Litt Could Help Unlock Trapped Value

Intends to Vote Against Longstanding Directors Mr. Dominski and Mr. Hackett at the 2026 AGM

STAMFORD, Conn.--(BUSINESS WIRE)-- Today, Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings,” “L&B,” “us” or “we”), a shareholder of First Industrial Realty Trust (NYSE: FR) (“First Industrial,” “FR” or the “Company”), issued a letter to shareholders detailing the Company’s governance discount and its latest engagement with the Company.

The full text of the

Land & Buildings Issues Letter Detailing First Industrial’s Governance Discount

Mon, 09 Mar 2026 09:00:00 -0400

Contends that Board Entrenchment Is Costing Shareholders Approximately $15 Per Share

Believes Land & Buildings Founder and CIO Jonathan Litt Could Help Unlock Trapped Value

Intends to Vote Against Longstanding Directors Mr. Dominski and Mr. Hackett at the 2026 AGM

The full text of the

Land & Buildings Issues Letter Detailing First Industrial’s Governance Discount

Mon, 09 Mar 2026 09:00:00 -0400

Contends that Board Entrenchment Is Costing Shareholders Approximately $15 Per Share

Believes Land & Buildings Founder and CIO Jonathan Litt Could Help Unlock Trapped Value

Intends to Vote Against Longstanding Directors Mr. Dominski and Mr. Hackett at the 2026 AGM

The full text of the

Land & Buildings Issues Letter Detailing First Industrial’s Governance Discount

Mon, 09 Mar 2026 09:00:00 -0400

Contends that Board Entrenchment Is Costing Shareholders Approximately $15 Per Share

Believes Land & Buildings Founder and CIO Jonathan Litt Could Help Unlock Trapped Value

Intends to Vote Against Longstanding Directors Mr. Dominski and Mr. Hackett at the 2026 AGM

The full text of the

Land & Buildings Issues Letter Detailing First Industrial’s Governance Discount

Mon, 09 Mar 2026 09:00:00 -0400

Contends that Board Entrenchment Is Costing Shareholders Approximately $15 Per Share

Believes Land & Buildings Founder and CIO Jonathan Litt Could Help Unlock Trapped Value

Intends to Vote Against Longstanding Directors Mr. Dominski and Mr. Hackett at the 2026 AGM

The full text of the

Land & Buildings Issues Letter Detailing First Industrial’s Governance Discount

Mon, 09 Mar 2026 09:00:00 -0400

Contends that Board Entrenchment Is Costing Shareholders Approximately $15 Per Share

Believes Land & Buildings Founder and CIO Jonathan Litt Could Help Unlock Trapped Value

Intends to Vote Against Longstanding Directors Mr. Dominski and Mr. Hackett at the 2026 AGM

The full text of the

Land & Buildings Issues Letter Detailing First Industrial’s Governance Discount

Mon, 09 Mar 2026 09:00:00 -0400

Contends that Board Entrenchment Is Costing Shareholders Approximately $15 Per Share

Believes Land & Buildings Founder and CIO Jonathan Litt Could Help Unlock Trapped Value

Intends to Vote Against Longstanding Directors Mr. Dominski and Mr. Hackett at the 2026 AGM

The full text of the

Land & Buildings Issues Letter Detailing First Industrial’s Governance Discount

Mon, 09 Mar 2026 09:00:00 -0400

Contends that Board Entrenchment Is Costing Shareholders Approximately $15 Per Share

Believes Land & Buildings Founder and CIO Jonathan Litt Could Help Unlock Trapped Value

Intends to Vote Against Longstanding Directors Mr. Dominski and Mr. Hackett at the 2026 AGM

The full text of the

Land & Buildings Issues Letter Detailing First Industrial’s Governance Discount

Mon, 09 Mar 2026 09:00:00 -0400

Contends that Board Entrenchment Is Costing Shareholders Approximately $15 Per Share

Believes Land & Buildings Founder and CIO Jonathan Litt Could Help Unlock Trapped Value

Intends to Vote Against Longstanding Directors Mr. Dominski and Mr. Hackett at the 2026 AGM

The full text of the

Land & Buildings Issues Letter Detailing First Industrial’s Governance Discount

Mon, 09 Mar 2026 09:00:00 -0400

Contends that Board Entrenchment Is Costing Shareholders Approximately $15 Per Share

Believes Land & Buildings Founder and CIO Jonathan Litt Could Help Unlock Trapped Value

Intends to Vote Against Longstanding Directors Mr. Dominski and Mr. Hackett at the 2026 AGM

The full text of the

Land & Buildings Issues Letter Detailing First Industrial’s Governance Discount

Mon, 09 Mar 2026 09:00:00 -0400

Contends that Board Entrenchment Is Costing Shareholders Approximately $15 Per Share

Believes Land & Buildings Founder and CIO Jonathan Litt Could Help Unlock Trapped Value

Intends to Vote Against Longstanding Directors Mr. Dominski and Mr. Hackett at the 2026 AGM

The full text of the

Land & Buildings Issues Letter Detailing First Industrial’s Governance Discount

Mon, 09 Mar 2026 09:00:00 -0400

Contends that Board Entrenchment Is Costing Shareholders Approximately $15 Per Share

Believes Land & Buildings Founder and CIO Jonathan Litt Could Help Unlock Trapped Value

Intends to Vote Against Longstanding Directors Mr. Dominski and Mr. Hackett at the 2026 AGM

The full text of the

First Industrial Realty Trust (FR) PT Raised to $67 at Baird

Mon, 02 Mar 2026 07:44:42 -0400

Baird analyst David Rodgers raised the price target on First Industrial Realty Trust (NYSE: FR) to $67.00 (from $65.00) while maintaining a Outperform rating.

Form DEFA14A FIRST INDUSTRIAL REALTY

Mon, 02 Mar 2026 06:02:00 -0400

si-local-file:///var/storage/secattach/20260302/26085800.html

Form DEFA14A FIRST INDUSTRIAL REALTY

Mon, 02 Mar 2026 06:02:00 -0400

si-local-file:///var/storage/secattach/20260302/26085800.html

Form PREC14A FIRST INDUSTRIAL REALTY Filed by: FIRST INDUSTRIAL REALTY TRUST INC

Fri, 27 Feb 2026 17:02:00 -0400

si-local-file:///var/storage/secattach/20260227/26083304.html

Form PREC14A FIRST INDUSTRIAL REALTY Filed by: FIRST INDUSTRIAL REALTY TRUST INC

Fri, 27 Feb 2026 17:02:00 -0400

si-local-file:///var/storage/secattach/20260227/26083304.html

Form DFAN14A FIRST INDUSTRIAL REALTY Filed by: Land & Buildings Investment Management, LLC

Thu, 26 Feb 2026 17:01:00 -0400

si-local-file:///var/storage/secattach/20260226/26072627.html

Form DFAN14A FIRST INDUSTRIAL REALTY Filed by: Land & Buildings Investment Management, LLC

Thu, 26 Feb 2026 17:01:00 -0400

si-local-file:///var/storage/secattach/20260226/26072627.html

Land & Buildings nominates founder for First Industrial board seat

Thu, 26 Feb 2026 13:00:29 -0400

Land & Buildings Investment Management announced it has nominated founder Jonathan Litt as a director candidate for First Industrial Realty Trust's (NYSE: FR) 2026 annual meeting, citing persistent underperformance and governance concerns.

The activist investor disclosed ownership of 901,875 shares of First Industrial through various entities and accounts. Land & Buildings estimates the industrial REIT's net asset value at $73 per share, representing approximately 20% upside from current trading levels.

According to performance data presented by Land & Buildings, First Industrial has underperformed its proxy compensation peer group by 17% over the trailing four-year period and 4% over three years. The firm

Land & Buildings nominates founder for First Industrial board seat

Thu, 26 Feb 2026 13:00:29 -0400

Land & Buildings nominates founder for First Industrial board seat

Thu, 26 Feb 2026 13:00:29 -0400

Land & Buildings nominates founder for First Industrial board seat

Thu, 26 Feb 2026 13:00:29 -0400

Land & Buildings nominates founder for First Industrial board seat

Thu, 26 Feb 2026 13:00:29 -0400

Land & Buildings nominates founder for First Industrial board seat

Thu, 26 Feb 2026 13:00:29 -0400