FR dividend – FIRST INDUSTRIAL REALTY TRUST Declares 0.32 Cash Dividend

☀️Dividends Yield

On June 1 2023, FIRST INDUSTRIAL REALTY TRUST ($NYSE:FR) declared a 0.32 Cash Dividend per share of stock. This is the third dividend in a row that has been issued and it follows the dividend of 1.2 USD issued in 2021, 1.18 USD issued in 2022, and 1.08 USD issued in 2023. This gives an average dividend yield of 2.19%, with the 2021 dividend yield being 2.3%, the 2022 dividend yield being 2.18%, and the 2023 dividend yield being 2.09%.

It offers a stable dividend yield and the ex-dividend date for this stock is June 29 2023. With this dividend stock, investors can expect to see a healthy return on their investments in the long run.

Stock Price

On the same day, FR’s stock opened at $51.9 and closed at $51.8, representing a 0.4% decrease from the previous closing price of $52.0. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for FR. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for FR. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for FR. More…

Key Ratios Snapshot

Some of the financial key ratios for FR are shown below. More…

Analysis

At GoodWhale, we believe that analyzing a company’s financials is essential for making informed investment decisions. With that in mind, we took a look at FIRST INDUSTRIAL REALTY TRUST’s financials. After doing so, we identified it as a ‘cow’ company, meaning that it has the track record of paying out consistent and sustainable dividends. Moreover, FIRST INDUSTRIAL REALTY TRUST has a high health score of 8/10 with regard to its cashflows and debt, so it is capable of sustaining future operations in times of crisis. In addition, FIRST INDUSTRIAL REALTY TRUST is strong in asset, dividend, profitability, and medium in growth. More…

Peers

First Industrial‘s competitors include LXP Industrial Trust, Prologis Inc, and Stag Industrial Inc.

– LXP Industrial Trust ($NYSE:LXP)

LXP Industrial Trust is a real estate investment trust that owns, operates, and leases a portfolio of approximately 50 industrial properties in the United States. The company’s properties are located in major markets across the country, including Los Angeles, Chicago, Dallas, Houston, and Atlanta. LXP Industrial Trust is publicly traded on the New York Stock Exchange under the ticker symbol “LXP.”

– Prologis Inc ($NYSE:PLD)

Prologis Inc is a real estate investment trust (REIT) that owns, operates, and develops warehouses and distribution centers. As of December 31, 2020, the company owned or had investments in 3,813 properties in 19 countries.

The company’s market capitalization is $94.6 billion as of 2022. Prologis Inc is one of the largest REITs in the world and is the largest owner, operator, and developer of warehouses and distribution centers.

– Stag Industrial Inc ($NYSE:STAG)

Stag Industrial Inc is a publicly traded real estate investment trust focused on the acquisition, ownership, and operation of single-tenant industrial properties across the United States. The company’s portfolio includes over 170 properties in 33 states, totaling over 26 million square feet of leasable space.

Summary

FIRST INDUSTRIAL REALTY TRUST has been paying dividends to shareholders for the past three years, with a dividend per share of 1.2 USD in 2021, 1.18 USD in 2022, and 1.08 USD in 2023, resulting in dividend yields of 2.3%, 2.18%, and 2.09%, respectively, with an average yield of 2.19%. Therefore it is an ideal choice for dividend-seeking investors who are looking for a steady source of income. This stock has a long history of paying dividends, making it a reliable option for investors who are looking for a steady return on their investments.