First Industrial Realty Trust Inc.
S&P 500FR/Real Estate · REIT - Industrial/NYSE
Dividend Yield
2.91%
$1.83 · Annual Dividend
Dividend Safety Rating
FR's dividend appears very safe. Strengths include a 59.9% ffo payout ratio & 52.3% fcf payout ratio. The dividend has been growing at a 12.22% 5-year CAGR. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.
Based on 15 of 15 metrics
Strengths
- FFO Payout Ratio: 59.9%Dividends are well covered by funds from operations (FFO).
- Debt-to-Equity: 90.6Conservative debt level relative to equity.
- Operating Margin: 35.0%Healthy operating margin provides a wide buffer.
Risks
No material risks identified across rated metrics.
Payout & Coverage
SafeBalance Sheet
SafeProfitability
SafeDividend Track Record
Very SafeAbout First Industrial Realty Trust Inc.
First Industrial Realty Trust Inc. is a real estate investment trust specializing in the ownership, operation, development, acquisition, and management of industrial logistics properties across major U.S. markets. The company maintains a fully integrated platform that delivers high-quality facilities and superior customer service to multinational corporations and regional firms essential to supply chains, including sectors like e-commerce, transportation, manufacturing, retail, food and beverage, and government. Its portfolio features bulk and regional distribution centers, light industrial spaces, and R&D/flex properties, concentrated in 15 key metropolitan statistical areas that serve as critical distribution hubs. First Industrial Realty Trust Inc. offers a comprehensive suite of services, from leasing diverse space options and managing well-maintained properties to providing build-to-suit development solutions, strategic acquisitions of high-quality assets, and sales to investors and users. Committed to responsiveness and innovation, such as rapid response protocols, the company supports customers in addressing complex industrial real estate needs. Founded in 1994 and headquartered in Chicago, Illinois, First Industrial Realty Trust Inc. plays a vital role in the logistics real estate sector by enabling efficient supply chain operations nationwide.
Dividend Overview
Dividend Yield
2.91%
Annual Dividend
$1.83
Frequency
Quarterly
Payout Ratio
70.85%
FCF Payout Ratio
52.31%
52-Week Range
$47.36 - $64.66
Dividend History (2016–2025)
FR annual dividend per share and yield history
Earnings & Profitability
FR earnings per share and net profit margin
Key Dates
Next Ex-Dividend Date
June 30, 2026
Next Payment Date
July 20, 2026
Dividend Growth
3-Year Dividend CAGR
14.69%
5-Year Dividend CAGR
12.22%
10-Year Dividend CAGR
13.31%
3-Year Total Growth
50.85%
5-Year Total Growth
78.00%
10-Year Total Growth
249.02%
Income Calculator
Frequently Asked Questions
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.