Trailing Dividend / Share
$1.46
First Industrial Realty Trust, Inc. (FR) Dividend History
Income profile from 1994 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
2.3%
Payout Ratio
67.3%
Watch
Dividend Streak
13 years
3-Second Income Check
Safety
67.3% payout ratio with watch safety profile.
Consistency
13 straight years of dividend increases.
Income Trend
Yield on cost is 4.4% and trend is rising.
Dividend Scorecard
Yield & Income
Dividend Yield2.3%
Trailing DPS$1.46
FrequencyAnnual
Payments / 12M5
Payout Safety
Earnings Payout67.3%
Earnings SafetyWatch
FCF Payout44.2%
FCF SafetyWell Covered
Piotroski F-Score7/9
Growth
Growth Streak13 years
3Y CAGR14.7%
5Y CAGR12.2%
Yield on Cost (5Y)4.4%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield2.3%
1Y Total Return13.7%
5Y Total Return62.7%
Div Contribution (5Y)15.8%
Estimated $10K growth (return + dividends):
5Y ago$16,27310Y ago$34,54020Y ago$21,685
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
Income Growth Story
Dividend per share and yield on cost over time (29 years of payments)
Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
First Industrial Realty Trust, Inc. distributes 67.3% of earnings as dividends (Watch). When measured against free cash flow—a stricter test—the payout ratio stands at 44.2%, rated "Well Covered".
Piotroski F-Score: 7/9 — strong financial health.
Growth Track Record
FR has raised its dividend for 13 consecutive years, with a 3-year CAGR of 14.7% and 5-year CAGR of 12.2%.
Total Shareholder Returns
Beyond cash dividends, FR returns capital through share repurchases. The combined picture: 2.3% dividend yield, 2.3% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 4.4% and is currently rising. The 5-year total return is 62.7%, with dividends contributing 15.8% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $34,540 today.
Recent Dividend Payments
Last 20 payments · Annual
TTM Total$7.03
Avg/Payment$0.3515
Latest Change+12.4%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Mar 31, 2026Latest | $0.5000 | ↑ +12.4% | 2.91% | Apr 20, 2026 |
| Dec 31, 2025 | $0.4450 | — | 3.11% | Jan 20, 2026 |
| Sep 30, 2025 | $0.4450 | — | 3.31% | Oct 20, 2025 |
| Jun 30, 2025 | $0.4450 | — | 3.39% | Jul 21, 2025 |
| Mar 31, 2025 | $0.4450 | ↑ +20.3% | 2.88% | Apr 21, 2025 |
| Dec 31, 2024 | $0.3700 | — | 2.95% | Jan 21, 2025 |
| Sep 30, 2024 | $0.3700 | — | 2.55% | Oct 21, 2024 |
| Jun 28, 2024 | $0.3700 | — | 2.90% | Jul 15, 2024 |
Dividend Peer Comparison
Peer group: Industrial Logistics Warehouse REITs
#7 yield in peer group
Div Yield
2.3%
#7 of 9
Safety
Watch
67.3% payout
Streak
13Y
12.2% 5Y CAGR
Total Shareholder
2.3%
#7 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
FRFirst Industrial Rea… | $8.4B | 2.3% | 67.3% | 13 | Watch |
PLDPrologis, Inc. | $132.4B | 2.6% | 95.7% | 11 | At Risk |
EGPEastGroup Properties… | $10.5B | 2.6% | 1.1% | 6 | Sustainable |
REXRRexford Industrial R… | $8.7B | 0.1% | 3.4% | 0 | Sustainable |
2nd STAGSTAG Industrial, Inc… | $7.3B | 3.9% | — | 2 | Unknown |
TRNOTerreno Realty Corpo… | $6.8B | 3.0% | — | 15 | Unknown |
3rd GRP-UNGranite Real Estate … | $3.9B | 3.7% | 57.6% | 4 | Sustainable |
LXPLXP Industrial Trust | $2.9B | 0.6% | — | 0 | Unknown |
1st PLYMPlymouth Industrial … | $979M | 4.4% | 31.3% | 1 | Sustainable |
Annual Dividend History
33 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.50 | — | 1 | — | — | — | 1.2% |
| 2025 | $1.78 | 20.3% | 4 | — | — | — | 4.4% |
| 2024 | $1.48 | 15.6% | 4 | $2.17 | 68.2% | 1.47x | 3.6% |
| 2023 | $1.28 | 8.5% | 4 | $2.07 | 61.8% | 1.62x | 3.1% |
| 2022 | $1.18 | 9.3% | 4 | $2.72 | 43.4% | 2.31x | 2.9% |
| 2021 | $1.08 | 8.0% | 4 | $2.09 | 51.7% | 1.94x | 2.6% |
| 2020 | $1.00 | 8.7% | 4 | $1.53 | 65.4% | 1.53x | 2.4% |
| 2019 | $0.92 | 5.7% | 4 | $1.88 | 48.9% | 2.04x | 2.3% |
| 2018 | $0.87 | 3.6% | 4 | $1.31 | 66.4% | 1.51x | 2.1% |
| 2017 | $0.84 | 10.5% | 4 | $1.69 | 49.7% | 2.01x | 2.1% |
See FR's True Return
Price is only half the story. See total return with reinvested dividends.
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See how FR stacks up against sector leader Welltower Inc..
Start ComparisonFrequently Asked Questions
How much dividend does FR pay per share?
First Industrial Realty Trust, Inc. (FR) pays a trailing 12-month dividend of $1.46 per share, with a current dividend yield of +2.3%. Payments are made Annual.
When is FR's next ex-dividend date?
FR's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. FR typically pays dividends Annual.
Is FR's dividend safe?
FR's dividend safety is rated "Watch" based on an earnings payout ratio of +67.3% and FCF payout ratio of +44.2%. With 13 consecutive years of dividend growth, the track record supports sustainability.
Is FR a Dividend Achiever?
Yes, First Industrial Realty Trust, Inc. is classified as a Dividend Achiever with 13 consecutive years of dividend increases. The 5-year dividend CAGR is +12.2%, demonstrating above-inflation dividend growth.
How often does FR pay dividends?
First Industrial Realty Trust, Inc. pays dividends Annual. The trailing 12-month total is $1.46 per share. Dividend data on this page covers 32+ years from 1994 to 2026.
How much would $10,000 invested in FR grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in FR five years ago would be worth approximately $16,273 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is FR's yield on cost for long-term holders?
FR's yield on cost — the current dividend divided by the original purchase price — is +4.4% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.3% market yield, thanks to consistent dividend growth.