FR Dividend History & Analysis | 3.4% Yield

FR has a dividend yield of 3.4% and paid 1.78 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 3.38%
Payout Ratio 95.7%
Growth Rate CAGR 5y 13.30%
Consistency Lifetime 83.6%
Yield on Cost 5y 4.74%
Payout FCF 62.0%
Streak Years 13
Dividend Rating 71.63%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: 12.1%
Total Return 5y: 59.3%

Top Dividend Payers in Industrial REITs

Top 4 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
STAG 7,149 M 3.79% 6.78%
EGP 9,690 M 3.42% 4.67%
PLD 121,273 M 3.54% 4.34%
TRNO 6,357 M 3.43% 3.83%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
LINE 8,920 M 133% 100%
REXR 9,923 M 15.7% 100%
EGP 9,690 M 13.3% 96.2%
TRNO 6,357 M 12.5% 99.4%
PLD 121,273 M 12.5% 95.9%

FR Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-12-31 2025-12-31 2026-01-20 Quarterly 0.445 0% 0.77%
2025-09-30 2025-09-30 2025-10-20 Quarterly 0.445 0% 0.87%
2025-06-30 2025-06-30 2025-07-21 Quarterly 0.445 0% 0.91%
2025-03-31 2025-03-31 2025-04-21 Quarterly 0.445 20.3% 0.83%
2024-12-31 2024-12-31 2025-01-21 Quarterly 0.37 0% 0.74%
2024-09-30 2024-09-30 2024-10-21 Quarterly 0.37 0% 0.67%
2024-06-28 2024-06-28 2024-07-15 Quarterly 0.37 0% 0.79%
2024-03-27 2024-03-28 2024-04-15 Quarterly 0.37 15.6% 0.73%
2023-12-28 2023-12-29 2024-01-16 Quarterly 0.32 0% 0.6%
2023-09-28 2023-09-29 2023-10-16 Quarterly 0.32 0% 0.67%
2023-06-29 2023-06-30 2023-07-17 Quarterly 0.32 0% 0.62%
2023-03-30 2023-03-31 2023-04-17 Quarterly 0.32 8.5% 0.62%
2022-12-29 2022-12-31 2023-01-17 Quarterly 0.295 0% 0.62%
2022-09-29 2022-09-30 2022-10-17 Quarterly 0.295 0% 0.65%
2022-06-29 2022-06-30 2022-07-18 Quarterly 0.295 0% 0.62%
2022-03-30 2022-03-31 2022-04-18 Quarterly 0.295 9.3% 0.47%
2021-12-30 2021-12-31 2022-01-18 Quarterly 0.27 0% 0.41%
2021-09-29 2021-09-30 2021-10-18 Quarterly 0.27 0% 0.52%
2021-06-29 2021-06-30 2021-07-19 Quarterly 0.27 0% 0.51%
2021-03-30 2021-03-31 2021-04-19 Quarterly 0.27 8% 0.58%
2020-12-30 2020-12-31 2021-01-19 Quarterly 0.25 0% N/A
2020-09-29 2020-09-30 2020-10-19 Quarterly 0.25 0% N/A
2020-06-29 2020-06-30 2020-07-20 Quarterly 0.25 0% N/A
2020-03-30 2020-03-31 2020-04-20 Quarterly 0.25 8.7% N/A
2019-12-30 2019-12-31 2020-01-21 Quarterly 0.23 0% N/A
2019-09-27 2019-09-30 2019-10-21 Quarterly 0.23 0% N/A
2019-06-27 2019-06-28 2019-07-15 Quarterly 0.23 0% N/A
2019-03-28 2019-03-29 2019-04-15 Quarterly 0.23 5.5% N/A
2018-12-28 2018-12-31 2019-01-22 Quarterly 0.218 0% N/A
2018-09-27 2018-09-28 2018-10-15 Quarterly 0.218 0% N/A
2018-06-28 2018-06-29 2018-07-16 Quarterly 0.218 0% N/A
2018-03-28 2018-03-29 2018-04-16 Quarterly 0.218 3.8% N/A
2017-12-28 2017-12-29 2018-01-16 Quarterly 0.21 0% N/A
2017-09-28 2017-09-29 2017-10-16 Quarterly 0.21 0% N/A
2017-06-28 2017-06-30 2017-07-17 Quarterly 0.21 0% N/A
2017-03-29 2017-03-31 2017-04-17 Quarterly 0.21 10.5% N/A
2016-12-28 2016-12-30 2017-01-17 Quarterly 0.19 0% N/A
2016-09-28 2016-09-30 2016-10-17 Quarterly 0.19 0% N/A
2016-06-28 2016-06-30 2016-07-18 Quarterly 0.19 0% N/A
2016-03-29 2016-03-31 2016-04-18 Quarterly 0.19 48.4% N/A
2015-12-29 2015-12-31 2016-01-19 Quarterly 0.128 0% N/A
2015-09-28 2015-09-30 2015-10-19 Quarterly 0.128 0% N/A
2015-06-26 2015-06-30 2015-07-20 Quarterly 0.128 0% N/A
2015-03-27 2015-03-31 2015-04-20 Quarterly 0.128 25.5% N/A
2014-12-29 2014-12-31 2015-01-20 Quarterly 0.102 -1% N/A
2014-09-26 2014-09-30 2014-10-20 Quarterly 0.103 0% N/A
2014-06-26 2014-06-30 2014-07-21 Quarterly 0.103 0% N/A
2014-03-27 2014-03-31 2014-04-21 Quarterly 0.103 21.2% N/A
2013-12-27 2013-12-31 2014-01-21 Quarterly 0.085 0% N/A
2013-09-26 2013-09-30 2013-10-21 Quarterly 0.085 0% N/A

FR Dividend FAQ

First Industrial Realty Trust, Inc. (NYSE: FR) is a U.S.-focused industrial REIT that owns, operates, develops, and acquires logistics properties, concentrating on 15 supply-constrained, coastally oriented metropolitan areas. As of September 30 2025, the company’s portfolio-including properties under development-covers roughly 70.4 million sq ft of warehouse and distribution space, which it markets to multinational and regional firms that rely on robust supply-chain infrastructure.

What is the Dividend Yield of FR?

As of February 2026, FR`s dividend yield is 3.38%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.78 USD by the current share price of 59.79.

Does FR pay a dividend?

As of February 2026, FR paid a dividend of 1.78 USD in the last 12 months. The last dividend was paid on 2025-12-31 and the payout was 0.445 USD.

How often does FR pay dividends?

FR pays dividends quarterly. Over the last 12 months, FR has issued 4 dividend payments. The last dividend payment was made on 2025-12-31.

FR dividend forecast

Based on historical data, the forecasted dividends per share for FR for the next 4 payments are between 0.394 (-11.5%) and 0.418 (-6.1%).
This indicates a moderate dividend reduction compared to the last payment.

Will FR pay dividends in 2026?

The latest dividend paid per share was 0.445 USD with an Ex-Dividend Date of 2025-12-31. The next Ex-Dividend date for First Industrial Realty (FR) is currently unknown.

What is the next Ex-Dividend Date for FR?

The next Ex-Dividend date for First Industrial Realty (FR) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of FR?

FR's average dividend growth rate over the past 5 years is 13.3% per year.
Strong growth: FR's Dividend growth is outpacing inflation.

What is the Yield on Cost of FR?

FR's 5-Year Yield on Cost is 4.74%. If you bought FR's shares at 37.54 USD five years ago, your current annual dividend income (1.78 USD per share, trailing 12 months) equals 4.74% of your original purchase price.

What is the Payout Consistency of FR?

FR Payout Consistency is 83.6%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Moderately consistent: First Industrial Realty has a good track record of consistent dividend payments over its lifetime.

Does FR have a good Dividend Yield?

FR`s 3.38% Dividend Yield is considered as moderate. This is usually a sign of a value company.

What is the Dividend Payout Ratio of FR?

The Dividend Payout Ratio of FR is 95.7%. Very high - REITs and BDCs are required by law to distribute 90% or more of their taxable income as dividends, making high payout ratios standard. Otherwise, proceed with caution.

What is the Dividend Rating of FR?

FR`s Overall Dividend Rating is 71.63%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

FR Outstanding Shares Analysis

What is the Trend in FR's Outstanding Shares?

First Industrial Realty's outstanding shares have increased by approximately 0.05% annually over the past 3 years (Trend Reliability: 100.0%).

Neutral: Share count is relatively stable with minor dilution. This has minimal impact on dividend per share calculations.

Has FR ever had a Stock Split?

No stock splits on record. The share count changes shown above reflect buybacks, new issuance, or employee compensation rather than structural splits.

Year Number of Shares Annual Growth Rate
1994 18,800,000
1995 19,090,900 +1.55%
1996 30,000,000 +57.14%
1997 36,603,000 +22.01%
1998 37,964,000 +3.72%
1999 38,707,700 +1.96%
2000 39,113,000 +1.05%
2001 39,236,700 +0.32%
2002 38,645,500 -1.51%
2003 39,648,300 +2.59%
2004 42,158,000 +6.33%
2005 43,887,000 +4.1%
2006 44,410,000 +1.19%
2007 42,984,000 -3.21%
2008 44,147,000 +2.71%
2009 61,797,000 +39.98%
2010 70,639,000 +14.31%
2011 86,575,000 +22.56%
2012 97,738,000 +12.89%
2013 109,975,000 +12.52%
2014 110,405,000 +0.39%
2015 110,916,000 +0.46%
2016 116,837,000 +5.34%
2017 119,846,000 +2.58%
2018 126,194,000 +5.3%
2019 127,030,000 +0.66%
2020 129,125,000 +1.65%
2021 131,002,000 +1.45%
2022 132,241,000 +0.95%
2023 132,360,000 +0.09%
2024 132,416,000 +0.04%
2025 132,504,000 +0.07%

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-02-05 02:39