FR Stock — First Industrial Realty Trust, Inc.

First Industrial Realty Trust, Inc. (FR)

FR is a Stock. its distribution rate is 3.06%, its trailing-12-month yield is 3.05%. Dividend Vision Distribution Safety Score™ is 99/100 (Safe). Total return is 1136.4% over the past 32.2 years, 1854.4 points behind SPY at 2990.8%.

At the current 3.06% distribution rate, a $10,000 investment would generate approximately $306 per year, or about $76.50 per quarter if the next payment matches the last regular one.

First Industrial Realty Trust is a U.S.-focused owner, operator, developer, and acquirer of logistics properties, serving multinational and regional corporations through a fully integrated platform across approximately 15 major metropolitan markets. The REIT distributes quarterly with a modest current distribution rate, reflecting the income-oriented nature of industrial real estate investments. The business appeals primarily to income investors seeking exposure to the essential logistics sector supporting supply chain infrastructure.

FR performance versus SPY

Price and return data through 2026-09-22.

Total return is 1136.4% over the past 32.2 years, 1854.4 points behind SPY at 2990.8%. Over the past year its total return — price change plus distributions reinvested — is 23.0%. Its deepest 1-year drawdown was 11.7%.

FR key facts

Distribution Safety Score™

99 · Safe

Safety-Adjusted Yield

3.03%

Asset type

Stock

Asset class

Equity

Inception date

06/24/1994

Distribution rate

3.06%

Distribution frequency

Quarterly

Trailing yield

3.05%

5-year average yield

2.59

Last close

$61.89 (as of 2026-09-22)

Market cap

$8,204,783,541

Average volume

826634.0

Next dividend

$0.50

Next ex-dividend date

09/30/2026

Next payment date

10/19/2026

Beta

1.044

Payout ratio

0.6527

P/E ratio

22.51

Forward P/E

36.7647

EPS

$2.75

How Dividend Vision calculates yield and returns

Distribution rate (3.06%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.05%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FR risks and drawbacks

FR's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 11.7%.

Who may consider FR — and who may not

FR may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (FR pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions