NYSE:FRIndustrial REITs
First Industrial Adds Director After Activist Push What It Means For FR
First Industrial Realty Trust expanded its board and appointed Frank E. Schmitz as an independent director.
The move follows a recent activist investor campaign focused on board composition and governance.
The appointment comes in a contested board setting, signaling a response to shareholder pressure.
For investors watching NYSE:FR, this board change occurs at a time when the stock is trading at $62.14 and has returned 31.2% over the past year and 44.6% over the past five years. Those...