American Century Companies Boosts Stake in First Industrial Realty Trust

Investment firm increases holdings in real estate investment trust by over 600%

Mar. 11, 2026 at 7:09am

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American Century Companies Inc. significantly increased its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 609.4% in the third quarter, according to a recent SEC filing. The firm now owns 360,223 shares of the real estate investment trust's stock, worth approximately $18.5 million.

Why it matters

This sizable increase in American Century's position in First Industrial Realty Trust suggests the investment firm sees strong growth potential in the industrial real estate sector, which has benefited from the rise of e-commerce and changing supply chain dynamics.

The details

American Century Companies acquired an additional 309,444 shares of First Industrial Realty Trust during the third quarter, bringing its total holdings to 360,223 shares. This represents approximately 0.27% ownership of the REIT. First Industrial Realty Trust is a Chicago-based company that owns and operates industrial real estate properties across the United States.

  • The increase in American Century's stake occurred in the third quarter of the most recent fiscal year.

The players

American Century Companies Inc.

An investment management firm that oversees over $200 billion in assets.

First Industrial Realty Trust, Inc.

A real estate investment trust that owns and operates industrial properties across the United States.

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The takeaway

American Century's substantial increase in its First Industrial Realty Trust holdings suggests the investment firm sees strong growth potential in the industrial real estate sector, which has benefited from the rise of e-commerce and changing supply chain dynamics.