First Industrial Realty Trust, Inc. (FR) to Issue Quarterly Dividend of $0.50 on April 20th

First Industrial Realty Trust, Inc. (NYSE:FR) announced a quarterly dividend on Wednesday, February 4th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.50 per share by the real estate investment trust on Monday, April 20th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, March 31st. This is a 12.4% increase from First Industrial Realty Trust’s previous quarterly dividend of $0.45.

First Industrial Realty Trust has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. First Industrial Realty Trust has a payout ratio of 104.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect First Industrial Realty Trust to earn $3.10 per share next year, which means the company should continue to be able to cover its $1.78 annual dividend with an expected future payout ratio of 57.4%.

First Industrial Realty Trust Trading Up 2.4%

Shares of NYSE:FR opened at $59.84 on Friday. First Industrial Realty Trust has a 52-week low of $40.31 and a 52-week high of $60.20. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 32.17 and a beta of 1.14. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average price of $58.09 and a 200-day moving average price of $54.42.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). First Industrial Realty Trust had a net margin of 34.03% and a return on equity of 9.03%. The firm had revenue of $188.41 million during the quarter, compared to analysts’ expectations of $186.20 million. During the same quarter in the prior year, the company earned $0.71 EPS. First Industrial Realty Trust’s quarterly revenue was up 7.3% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. Equities analysts predict that First Industrial Realty Trust will post 2.89 EPS for the current year.

Key First Industrial Realty Trust News

Here are the key news stories impacting First Industrial Realty Trust this week:

• Positive Sentiment: Company initiated raised FY‑2026 EPS guidance to $3.09–$3.19, well above the prior consensus (~$2.30), signaling stronger expected cash earnings growth and driving investor optimism. Press Release
• Positive Sentiment: Quarterly dividend raised 12.4% to $0.50 per share (annualized yield ~3.4%), increasing income return for shareholders and signaling confidence in the cash flow outlook. (Record/ex‑dividend dates in release.)
• Positive Sentiment: FFO beat: Q4 NAREIT FFO of $0.77 beat the Zacks consensus $0.76 and rose year‑over‑year, supporting the trust’s cash‑flow narrative. Zacks: FFO & Revenues
• Positive Sentiment: Operational momentum: strong leasing metrics (large cash rental rate increases on new leases and renewals), 7.1% full‑year cash same‑store NOI growth, recent acquisition and new development starts — all point to durable rent growth and portfolio activity. Operational Highlights
• Neutral Sentiment: Earnings call transcript and slide deck are available for details on guidance assumptions and capital plans for 2026; useful for investors who want to vet the guidance drivers. Earnings Call Transcript
• Negative Sentiment: GAAP EPS missed: reported $0.59 vs. consensus ~$0.76 (and down from $0.71 a year ago), which could temper near‑term sentiment despite the strong guidance — some investors may focus on the EPS miss and timing of recognition versus cash FFO. Earnings Snapshot

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.