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

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

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. 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 Stock Up 0.1%

NYSE:FR opened at $63.40 on Friday. The company has a market cap of $8.40 billion, a price-to-earnings ratio of 23.14 and a beta of 1.04. First Industrial Realty Trust has a twelve month low of $48.03 and a twelve month high of $69.88. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.89. The stock has a fifty day simple moving average of $64.18 and a 200-day simple moving average of $61.90.

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