First Industrial Realty Trust, Inc. (FR) To Go Ex-Dividend on March 31st

First Industrial Realty Trust, Inc. (NYSE:FR) declared a quarterly dividend on Wednesday, February 4th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.50 per share by the real estate investment trust on Monday, April 20th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend 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 117.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 $2.00 annual dividend with an expected future payout ratio of 64.5%.

First Industrial Realty Trust Stock Down 1.6%

First Industrial Realty Trust stock opened at $57.25 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.93. The firm has a market cap of $7.59 billion, a P/E ratio of 30.78 and a beta of 1.11. The business has a fifty day moving average of $59.69 and a two-hundred day moving average of $57.02. First Industrial Realty Trust has a twelve month low of $40.31 and a twelve month high of $64.01.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The company had revenue of $188.41 million during the quarter, compared to analysts’ expectations of $186.20 million. First Industrial Realty Trust had a net margin of 34.03% and a return on equity of 9.02%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, analysts forecast that First Industrial Realty Trust will post 2.89 earnings per share for the current fiscal year.

About First Industrial Realty Trust

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.