First Industrial Realty Trust, Inc. (NYSE:FR) to Issue $0.50 Quarterly Dividend

Key Points

• First Industrial Realty Trust will pay a quarterly dividend of $0.50 per share on October 19 to shareholders of record on September 30, representing a $2.00 annualized dividend and a 3.2% yield.
• The REIT has increased its dividend for 12 consecutive years, but its current 117% payout ratio exceeds earnings coverage; analysts expect coverage to improve to roughly 58% next year.
• In its latest quarter, First Industrial reported $0.58 in EPS, missing the $0.80 consensus estimate, while revenue rose 8.2% year over year to $194.94 million. Management’s fiscal 2026 EPS guidance is $3.12–$3.20.

First Industrial Realty Trust, Inc. (NYSE:FR - Get Free Report) announced a quarterly dividend on Thursday, August 13th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.50 per share by the real estate investment trust on Monday, October 19th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 30th.

First Industrial Realty Trust has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 12 years. First Industrial Realty Trust has a payout ratio of 117.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect First Industrial Realty Trust to earn $3.45 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 58.0%.

First Industrial Realty Trust Price Performance

NYSE:FR opened at $63.40 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. The business's 50-day simple moving average is $64.18 and its two-hundred day simple moving average is $61.90. The stock has a market cap of $8.40 billion, a PE ratio of 23.14 and a beta of 1.04. First Industrial Realty Trust has a 52 week low of $48.03 and a 52 week high of $69.88.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.58 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.22). First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The business had revenue of $194.94 million during the quarter, compared to analysts' expectations of $195.81 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. First Industrial Realty Trust's revenue was up 8.2% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. As a group, analysts forecast that First Industrial Realty Trust will post 3.16 EPS for the current fiscal year.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc NYSE: FR is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants' supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.

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