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What: Shares of REIT First Industrial Realty Trust
So What: For First Industrial, which owns, manages, and develops industrial properties, the recession was particularly challenging, as the industrial and manufacturing sectors took it on the chin. Excluding a non-cash impairment charge, First Industrial's funds from operations -- a cash flow measure used by REITs -- were $0.43 per share during the quarter, versus $0.57 last year. Potentially even more importantly, the company reiterated its announcement from earlier in the week that it had restructured one of its lending agreements, which will give the company more financial breathing room.
Now What: As the excitement over stocks like Chimera Investment
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Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or on his RSS feed. The Fool’s disclosure policy assures you no Wookiees were harmed in the making of this article.