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

First Industrial Realty Trust, Inc. (NYSE:FR) declared a quarterly dividend on Thursday, August 13th. Stockholders 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 dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 30th.

First Industrial Realty Trust has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. First Industrial Realty Trust has a dividend 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. 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

FR opened at $63.40 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market capitalization of $8.40 billion, a P/E ratio of 23.14 and a beta of 1.04. The company’s 50 day simple moving average is $64.18 and its 200-day simple moving average is $61.90. First Industrial Realty Trust has a one year low of $48.03 and a one year high of $69.88.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.22). The firm had revenue of $194.94 million for the quarter, compared to analyst estimates of $195.81 million. First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Sell-side analysts anticipate that First Industrial Realty Trust will post 3.16 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.