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, April 30th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.50 per share by the real estate investment trust on Monday, July 20th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 30th.

First Industrial Realty Trust has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 12 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 $3.43 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 58.3%.

First Industrial Realty Trust Stock Performance

NYSE:FR traded down $0.10 during trading hours on Friday, reaching $61.92. 92,653 shares of the stock were exchanged, compared to its average volume of 1,036,821. The stock has a market capitalization of $8.21 billion, a P/E ratio of 24.00 and a beta of 1.11. The firm has a 50 day simple moving average of $60.74 and a 200-day simple moving average of $58.52. The company has a quick ratio of 1.12, a current ratio of 1.04 and a debt-to-equity ratio of 0.90. First Industrial Realty Trust has a 52 week low of $47.36 and a 52 week high of $64.66.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). First Industrial Realty Trust had a net margin of 45.98% and a return on equity of 12.36%. The firm had revenue of $188.41 million during the quarter, compared to the consensus estimate of $186.20 million. During the same quarter last year, the firm posted $0.71 earnings per share. First Industrial Realty Trust’s revenue was up 7.3% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. As a group, sell-side analysts forecast that First Industrial Realty Trust will post 3.17 earnings per share 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.