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First Industrial Realty plans sale of up to $500M of common stock

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First Industrial Realty plans sale of up to $500M of common stock

First Industrial Realty Trust Inc. aims to sell up to $500.0 million or a maximum of 14.0 million common shares from time to time through at-the-market offerings or certain other transactions.

The industrial real estate investment trust entered into 10 separate distribution agreements with Wells Fargo Securities LLC, BofA Securities Inc., BTIG LLC, Citigroup Global Markets Inc., Fifth Third Securities Inc., Jefferies LLC, J.P. Morgan Securities LLC, Regions Securities LLC, Samuel A. Ramirez & Co. Inc. and UBS Securities LLC as sales agents.

The company plans to use any proceeds for general corporate purposes.