First Industrial (FR)
Industrial | Urban/Secondary Distribution
Company Fundamentals
Hoya research data: Updated Nov 10, 2026, 3:00 AM ET
Alpha Vantage company information: Updated Nov 9, 2026, 11:00 AM ET
First Industrial (FR) is tracked in the Hoya Capital REIT and real estate database, classified under Industrial with a Urban/Secondary Distribution focus. The company came public in 1994. It is categorized as a Mid-Cap name in the database. The company has an equity market capitalization of approximately $7.3 billion. Shares recently traded near $54.93 with a dividend yield of about 3.64 percent. The company pays dividends on a quarterly schedule with a forward annual dividend rate of $2.00 per share. Its FFO payout ratio is roughly 60 percent. The dividend was raised by about 14.1 percent over the past year. The stock is priced at roughly 16.2 times estimated 2026 funds from operations. Balance sheet leverage stands near 5.2 times debt to EBITDA. S&P rates the company's credit at BBB. The next scheduled ex-dividend date on file is 2027-03-31. Its management structure is listed as internal in the database. This profile includes fundamentals, dividend history and valuation data from Hoya Capital's research database. Figures reflect their source update dates where available and may change with subsequent research updates.
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated industrial real estate owner, operator, and developer with a history of providing industry-leading customer service to multinational corporations and regional clients.
Use the REIT directory to explore First Industrial alongside other companies tracked in the database, or visit the sector research hub for coverage of the broader property sector.
Dividend History
| Year | Dividends per share ($) |
|---|---|
| 2016 | $0.6975 |
| 2017 | $0.82 |
| 2018 | $0.8625 |
| 2019 | $0.9075 |
| 2020 | $0.98 |
| 2021 | $0.98 |
| 2022 | $1.155 |
| 2023 | $1.255 |
| 2024 | $1.43 |
| 2025 | $1.705 |
| 2026 | $2.00 |
Annual dividends per share as recorded in the research database, in dollars. The table does not identify individual payment dates or distinguish completed-year totals from estimates. These historical database values are not a guarantee of future distributions.
Company website: www.firstindustrial.com