NYSE:FRIndustrial REITs
Is Activist Land & Buildings’ Boardroom Challenge Altering The Investment Case For First Industrial Realty Trust (FR)?
In February 2026, activist investor Land & Buildings intensified pressure on First Industrial Realty Trust by publicly criticizing the board’s culture, urging governance and portfolio changes, and formally nominating its founder Jonathan Litt for election at the 2026 annual shareholder meeting.
This push for boardroom reform comes just after First Industrial reported quarterly earnings and revenue that significantly exceeded analyst expectations, sharpening attention on how governance...