FR First Industrial Realty Trust, Inc. — dividend yield, history & ex-dividend dates
First Industrial Realty Trust, Inc. is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. In total, we own and have under development approximately 71.6 million square feet of industrial space concentrated in 15 target MSAs as of December 31, 2025. First Industrial Realty Trust, Inc. was incorporated in 1993 in Maryland, USA,
Dividend Snapshot
Research Scores
Scores describe this security's published financial data on a 0–100 scale using the formulas on our methodology pages. They are the same for every reader, are not a probability or a forecast, and are not a recommendation. Past dividend growth does not guarantee future increases. Report a data error.
How the Dividend Safety Score is built for FR
| Input | Value | Points | Weight |
|---|---|---|---|
| Operating cash flow payout ratio | Operating cash flow payout ratio 49% (TTM to Sep 30, 2026) | 100 | 35% |
| Net debt / EBITDA | Net debt / EBITDA 3.6x (TTM to Sep 30, 2026) | 100 | 20% |
| Interest coverage | Interest coverage, EBITDA basis 7.1x (TTM to Sep 30, 2026) | 79 | 15% |
| Dividend record | 13 years of uninterrupted regular payments | 74 | 20% |
| Operating cash flow stability | Operating cash flow positive in 5 of the last 5 fiscal years (FY2021–FY2025) | 100 | 10% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: real estate investment trust. Formula version 2026-10-19.4.
How the Dividend Growth Score is built for FR
| Input | Value | Points | Weight |
|---|---|---|---|
| 5-year dividend growth | 5-year dividend CAGR 12.2% (2020–2025) | 100 | 25% |
| Consecutive annual increases | 12 consecutive annual increases (through 2025) | 83 | 20% |
| Payout headroom | Headroom from the operating cash flow payout ratio 49% (TTM to Sep 30, 2026) | 100 | 20% |
| Operating cash flow per share growth (3 years) | Operating cash flow per share CAGR 3.8% (FY2022–FY2025) | 67 | 15% |
| Revenue growth (3 years) | Revenue CAGR 10.4% (FY2022–FY2025) | 100 | 10% |
| 10-year dividend growth | 10-year dividend CAGR 13.3% (2015–2025) | 100 | 10% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: real estate investment trust. Formula version 2026-10-19.4.
How the Dividend Value Score is built for FR
| Input | Value | Points | Weight |
|---|---|---|---|
| Yield vs own history | Current yield at the 100th percentile of its 120 month-end yields | 100 | 40% |
| P/OCF vs own 5-year median | P/OCF 17.2 is 0.91x its 5-year median of 18.9 | 64 | 25% |
| Operating cash flow yield | Operating cash flow yield 5.8% (TTM to Sep 30, 2026) | 38 | 20% |
| P/OCF vs peers | P/OCF 17.2 vs peer median 12.6 (1.37x; 112 reit / Real Estate securities) | 17 | 15% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: real estate investment trust. Formula version 2026-10-19.4.
Key Metrics
Current Yield
3.64%
At the Oct 30, 2026 price
The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.Annualized Dividend
$2.0000
Declared Aug 13, 2026
The latest declared regular dividend scaled to a full year by how often it's paid (for semi-annual payers, the latest two payments), adjusted for stock splits. A $0.25 quarterly dividend annualizes to $1.00. Special dividends are excluded.Frequency
Q Quarterly
How often the dividend is paid, read from the dates of recent payments: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.RSI (14)
33
As of Oct 30, 2026
Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.52-Week Range
$54.44 – $68.86
Closes through Oct 23, 2026
The lowest and highest price over the past year, showing where today's price sits in its recent range.Payout Ratio (TTM)
71.84% (EPS-based)
12 months to Sep 30, 2026 (Q3 FY2026)
The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.Years Paying
32
How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.Price / Book (TTM)
2.60
Price as of Oct 25, 2026; latest reported book value
Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.S.A.F.E. Dividend Read
Quote & Key Data
Dividend Growth
How often a record like this ends in a cut
FR has raised its annual dividend in 24 separate years since September 1994, which ranks 311 among the 2,430 payers with a comparable record in our dataset. In 1 year the annual total fell by more than a fifth.
Of the 878 companies we track with 10 to 24 years of increases, 661 — 75 per cent — also have at least one year in which the dividend fell by more than 20 per cent. Across every company with twenty years of comparable history, only 277 of 1078 (26 per cent) have never cut. A long record of increases is common; a record with no cut anywhere in it is not.
Measured from annual totals using split-adjusted amounts, comparing only consecutive years with the same number of payments — a stock split and a payment shifting across a year boundary both look like cuts otherwise. The current year is excluded as incomplete. How we measure a cut, and what the corrections change. Figures are for information only, not a view on any security.
Why the Yield Moved (90 Days)
FR's dividend yield rose from 3.05% to 3.64% over the past ~90 days (+0.58 pp). Of that move, +0.00 pp came from changes in the dividend rate and +0.58 pp from the share price ($65.52 on Aug 03, 2026 → $54.99 on Oct 30, 2026). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Across 272 daily observations over the past 13 months (through Oct 23, 2026), FR's current yield is higher than approximately 100% of them. Our stored price history for FR covers the past 13 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.
Adjusted Price History
Dividend History
Dividend Payment History
Ex-dividend calendar →| Amount | Type | Declared | Ex-Date | Record | Pay |
|---|---|---|---|---|---|
| $0.5000 Q | Regular | Aug 13, 2026 | Sep 30, 2026 | Sep 30, 2026 | Oct 19, 2026 |
| $0.5000 Q | Regular | Apr 30, 2026 | Jun 30, 2026 | Jun 30, 2026 | Jul 20, 2026 |
| $0.5000 Q | Regular | Feb 04, 2026 | Mar 31, 2026 | Mar 31, 2026 | Apr 20, 2026 |
| $0.4450 Q | Regular | Oct 29, 2025 | Dec 31, 2025 | Dec 31, 2025 | Jan 20, 2026 |
| $0.4450 Q | Regular | Aug 12, 2025 | Sep 30, 2025 | Sep 30, 2025 | Oct 20, 2025 |
| $0.4450 Q | Regular | Apr 30, 2025 | Jun 30, 2025 | Jun 30, 2025 | Jul 21, 2025 |
| $0.4450 Q | Regular | Feb 05, 2025 | Mar 31, 2025 | Mar 31, 2025 | Apr 21, 2025 |
| $0.3700 Q | Regular | Oct 30, 2024 | Dec 31, 2024 | Dec 31, 2024 | Jan 21, 2025 |
| $0.3700 Q | Regular | Aug 01, 2024 | Sep 30, 2024 | Sep 30, 2024 | Oct 21, 2024 |
| $0.3700 Q | Regular | Apr 30, 2024 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 |
| $0.3700 Q | Regular | Feb 07, 2024 | Mar 27, 2024 | Mar 28, 2024 | Apr 15, 2024 |
| $0.3200 Q | Regular | Nov 01, 2023 | Dec 28, 2023 | Dec 29, 2023 | Jan 16, 2024 |
| $0.3200 Q | Regular | Aug 03, 2023 | Sep 28, 2023 | Sep 29, 2023 | Oct 16, 2023 |
| $0.3200 Q | Regular | May 03, 2023 | Jun 29, 2023 | Jun 30, 2023 | Jul 17, 2023 |
| $0.3200 Q | Regular | Feb 08, 2023 | Mar 30, 2023 | Mar 31, 2023 | Apr 17, 2023 |
| $0.2950 Q | Regular | Nov 01, 2022 | Dec 29, 2022 | Dec 31, 2022 | Jan 17, 2023 |
| $0.2950 Q | Regular | Aug 05, 2022 | Sep 29, 2022 | Sep 30, 2022 | Oct 17, 2022 |
| $0.2950 Q | Regular | May 04, 2022 | Jun 29, 2022 | Jun 30, 2022 | Jul 18, 2022 |
| $0.2950 Q | Regular | Feb 09, 2022 | Mar 30, 2022 | Mar 31, 2022 | Apr 18, 2022 |
| $0.2700 Q | Regular | Nov 02, 2021 | Dec 30, 2021 | Dec 31, 2021 | Jan 18, 2022 |
| $0.2700 Q | Regular | Aug 06, 2021 | Sep 29, 2021 | Sep 30, 2021 | Oct 18, 2021 |
| $0.2700 Q | Regular | May 05, 2021 | Jun 29, 2021 | Jun 30, 2021 | Jul 19, 2021 |
| $0.2700 Q | Regular | Feb 10, 2021 | Mar 30, 2021 | Mar 31, 2021 | Apr 19, 2021 |
| $0.2500 Q | Regular | Nov 03, 2020 | Dec 30, 2020 | Dec 31, 2020 | Jan 19, 2021 |
| $0.2500 Q | Regular | Aug 04, 2020 | Sep 29, 2020 | Sep 30, 2020 | Oct 19, 2020 |
| $0.2500 Q | Regular | May 06, 2020 | Jun 29, 2020 | Jun 30, 2020 | Jul 20, 2020 |
| $0.2500 Q | Regular | Feb 12, 2020 | Mar 30, 2020 | Mar 31, 2020 | Apr 20, 2020 |
| $0.2300 Q | Regular | Nov 05, 2019 | Dec 30, 2019 | Dec 31, 2019 | Jan 21, 2020 |
| $0.2300 Q | Regular | Aug 06, 2019 | Sep 27, 2019 | Sep 30, 2019 | Oct 21, 2019 |
| $0.2300 Q | Regular | May 08, 2019 | Jun 27, 2019 | Jun 28, 2019 | Jul 15, 2019 |
| $0.2300 Q | Regular | Feb 13, 2019 | Mar 28, 2019 | Mar 29, 2019 | Apr 15, 2019 |
| $0.2175 Q | Regular | Nov 06, 2018 | Dec 28, 2018 | Dec 31, 2018 | Jan 22, 2019 |
| $0.2175 Q | Regular | Aug 07, 2018 | Sep 27, 2018 | Sep 28, 2018 | Oct 15, 2018 |
| $0.2175 Q | Regular | May 10, 2018 | Jun 28, 2018 | Jun 29, 2018 | Jul 16, 2018 |
| $0.2175 Q | Regular | Feb 21, 2018 | Mar 28, 2018 | Mar 29, 2018 | Apr 16, 2018 |
| $0.2100 Q | Regular | Nov 07, 2017 | Dec 28, 2017 | Dec 29, 2017 | Jan 16, 2018 |
| $0.2100 Q | Regular | Aug 02, 2017 | Sep 28, 2017 | Sep 29, 2017 | Oct 16, 2017 |
| $0.2100 Q | Regular | May 11, 2017 | Jun 28, 2017 | Jun 30, 2017 | Jul 17, 2017 |
| $0.2100 Q | Regular | Feb 22, 2017 | Mar 29, 2017 | Mar 31, 2017 | Apr 17, 2017 |
| $0.1900 Q | Regular | Nov 08, 2016 | Dec 28, 2016 | Dec 30, 2016 | Jan 17, 2017 |
| $0.1900 Q | Regular | Aug 02, 2016 | Sep 28, 2016 | Sep 30, 2016 | Oct 17, 2016 |
| $0.1900 Q | Regular | May 11, 2016 | Jun 28, 2016 | Jun 30, 2016 | Jul 18, 2016 |
| $0.1900 Q | Regular | Feb 18, 2016 | Mar 29, 2016 | Mar 31, 2016 | Apr 18, 2016 |
| $0.1275 Q | Regular | Nov 11, 2015 | Dec 29, 2015 | Dec 31, 2015 | Jan 19, 2016 |
| $0.1275 Q | Regular | Aug 06, 2015 | Sep 28, 2015 | Sep 30, 2015 | Oct 19, 2015 |
| $0.1275 Q | Regular | May 07, 2015 | Jun 26, 2015 | Jun 30, 2015 | Jul 20, 2015 |
| $0.1275 Q | Regular | Feb 19, 2015 | Mar 27, 2015 | Mar 31, 2015 | Apr 20, 2015 |
| $0.1025 Q | Regular | Nov 11, 2014 | Dec 29, 2014 | Dec 31, 2014 | Jan 20, 2015 |
| $0.1025 Q | Regular | Aug 05, 2014 | Sep 26, 2014 | Sep 30, 2014 | Oct 20, 2014 |
| $0.1030 Q | Regular | May 07, 2014 | Jun 26, 2014 | Jun 30, 2014 | Jul 21, 2014 |
| $0.1025 Q | Regular | Feb 25, 2014 | Mar 27, 2014 | Mar 31, 2014 | Apr 21, 2014 |
| $0.0850 Q | Regular | Nov 12, 2013 | Dec 27, 2013 | Dec 31, 2013 | Jan 21, 2014 |
| $0.0850 Q | Regular | Aug 07, 2013 | Sep 26, 2013 | Sep 30, 2013 | Oct 21, 2013 |
| $0.0850 Q | Regular | May 09, 2013 | Jun 26, 2013 | Jun 28, 2013 | Jul 15, 2013 |
| $0.0850 A | Regular | Feb 20, 2013 | Mar 26, 2013 | Mar 28, 2013 | Apr 15, 2013 |
| $0.2500 Q | Regular | Oct 30, 2008 | Dec 29, 2008 | Dec 31, 2008 | Jan 21, 2009 |
| $0.7200 Q | Regular | Sep 17, 2008 | Sep 26, 2008 | Sep 30, 2008 | Oct 20, 2008 |
| $0.7200 Q | Regular | May 20, 2008 | Jun 26, 2008 | Jun 30, 2008 | Jul 21, 2008 |
| $0.7200 Q | Regular | Feb 27, 2008 | Mar 27, 2008 | Mar 31, 2008 | Apr 21, 2008 |
| $0.7200 Q | Regular | Dec 05, 2007 | Dec 27, 2007 | Dec 31, 2007 | Jan 22, 2008 |
| $0.7100 Q | Regular | Sep 18, 2007 | Sep 26, 2007 | Sep 28, 2007 | Oct 15, 2007 |
| $0.7100 Q | Regular | May 16, 2007 | Jun 27, 2007 | Jun 29, 2007 | Jul 16, 2007 |
| $0.7100 Q | Regular | Feb 28, 2007 | Mar 28, 2007 | Mar 30, 2007 | Apr 16, 2007 |
| $0.7100 Q | Regular | Dec 06, 2006 | Dec 27, 2006 | Dec 29, 2006 | Jan 22, 2007 |
| $0.7000 Q | Regular | Sep 19, 2006 | Sep 27, 2006 | Sep 29, 2006 | Oct 17, 2006 |
| $0.7000 Q | Regular | May 17, 2006 | Jun 28, 2006 | Jun 30, 2006 | Jul 17, 2006 |
| $0.7000 Q | Regular | Mar 08, 2006 | Mar 29, 2006 | Mar 31, 2006 | Apr 17, 2006 |
| $0.7000 Q | Regular | Dec 08, 2005 | Dec 28, 2005 | Dec 31, 2005 | Jan 23, 2006 |
| $0.6950 Q | Regular | Sep 14, 2005 | Sep 28, 2005 | Sep 30, 2005 | Oct 17, 2005 |
| $0.6950 Q | Regular | May 18, 2005 | Jun 28, 2005 | Jun 30, 2005 | Jul 18, 2005 |
| $0.6950 Q | Regular | Mar 02, 2005 | Mar 29, 2005 | Mar 31, 2005 | Apr 18, 2005 |
| $0.6950 Q | Regular | Dec 02, 2004 | Dec 29, 2004 | Dec 31, 2004 | Jan 24, 2005 |
| $0.6850 Q | Regular | Sep 15, 2004 | Sep 28, 2004 | Sep 30, 2004 | Oct 18, 2004 |
| $0.6850 Q | Regular | May 12, 2004 | Jun 28, 2004 | Jun 30, 2004 | Jul 19, 2004 |
| $0.6850 Q | Regular | Feb 25, 2004 | Mar 29, 2004 | Mar 31, 2004 | Apr 19, 2004 |
| $0.6850 Q | Regular | Dec 03, 2003 | Dec 29, 2003 | Dec 31, 2003 | Jan 19, 2004 |
| $0.6850 Q | Regular | Sep 10, 2003 | Sep 26, 2003 | Sep 30, 2003 | Oct 20, 2003 |
| $0.6850 Q | Regular | May 14, 2003 | Jun 26, 2003 | Jun 30, 2003 | Jul 21, 2003 |
| $0.6850 Q | Regular | Mar 05, 2003 | Mar 27, 2003 | Mar 31, 2003 | Apr 21, 2003 |
| $0.6850 Q | Regular | Dec 05, 2002 | Dec 27, 2002 | Dec 31, 2002 | Jan 27, 2003 |
| $0.6800 Q | Regular | Sep 12, 2002 | Sep 26, 2002 | Sep 30, 2002 | Oct 21, 2002 |
| $0.6800 Q | Regular | May 15, 2002 | Jun 26, 2002 | Jun 28, 2002 | Jul 22, 2002 |
| $0.6800 Q | Regular | Mar 08, 2002 | Mar 26, 2002 | Mar 29, 2002 | Apr 22, 2002 |
| $0.6800 Q | Regular | Dec 06, 2001 | Dec 27, 2001 | Dec 31, 2001 | Jan 21, 2002 |
| $0.6575 Q | Regular | Sep 17, 2001 | Sep 26, 2001 | Sep 28, 2001 | Oct 22, 2001 |
| $0.6575 Q | Regular | May 16, 2001 | Jun 27, 2001 | Jun 29, 2001 | Jul 23, 2001 |
| $0.6575 Q | Regular | Mar 09, 2001 | Mar 28, 2001 | Mar 30, 2001 | Apr 23, 2001 |
| $0.6575 Q | Regular | Dec 06, 2000 | Dec 27, 2000 | Dec 29, 2000 | Jan 22, 2001 |
| $0.6200 Q | Regular | Sep 13, 2000 | Sep 27, 2000 | Sep 29, 2000 | Oct 23, 2000 |
| $0.6200 Q | Regular | May 17, 2000 | Jun 28, 2000 | Jun 30, 2000 | Jul 17, 2000 |
| $0.6200 Q | Regular | Mar 10, 2000 | Mar 29, 2000 | Mar 31, 2000 | Apr 17, 2000 |
| $0.6200 Q | Regular | Dec 02, 1999 | Dec 29, 1999 | Dec 31, 1999 | Jan 24, 2000 |
| $0.6000 Q | Regular | Sep 14, 1999 | Sep 28, 1999 | Sep 30, 1999 | Oct 18, 1999 |
| $0.6000 Q | Regular | May 14, 1999 | Jun 28, 1999 | Jun 30, 1999 | Jul 19, 1999 |
| $0.6000 Q | Regular | Mar 08, 1999 | Mar 29, 1999 | Mar 31, 1999 | Apr 19, 1999 |
| $0.6000 Q | Regular | Dec 07, 1998 | Dec 29, 1998 | Dec 31, 1998 | Jan 18, 1999 |
| $0.5300 Q | Regular | Sep 10, 1998 | Sep 28, 1998 | Sep 30, 1998 | Oct 19, 1998 |
| $0.5300 Q | Regular | May 14, 1998 | Jun 26, 1998 | Jun 30, 1998 | Jul 20, 1998 |
| $0.5300 Q | Regular | Mar 06, 1998 | Mar 27, 1998 | Mar 31, 1998 | Apr 20, 1998 |
| $0.5300 Q | Regular | Dec 04, 1997 | Dec 29, 1997 | Dec 31, 1997 | Jan 20, 1998 |
| $0.5050 Q | Regular | Sep 07, 1997 | Sep 26, 1997 | Sep 30, 1997 | Oct 20, 1997 |
| $0.5050 Q | Regular | May 29, 1997 | Jun 26, 1997 | Jun 30, 1997 | Jul 21, 1997 |
| $0.5050 Q | Regular | Mar 10, 1997 | Mar 26, 1997 | Mar 31, 1997 | Apr 21, 1997 |
| $0.5050 Q | Regular | Dec 04, 1996 | Dec 27, 1996 | Dec 31, 1996 | Jan 20, 1997 |
| $0.4875 Q | Regular | Sep 06, 1996 | Sep 25, 1996 | Sep 27, 1996 | Oct 21, 1996 |
| $0.4875 Q | Regular | May 28, 1996 | Jun 26, 1996 | Jun 28, 1996 | Jul 22, 1996 |
| $0.4875 Q | Regular | Mar 08, 1996 | Mar 27, 1996 | Mar 29, 1996 | Apr 22, 1996 |
| $0.4875 Q | Regular | Dec 11, 1995 | Dec 27, 1995 | Dec 29, 1995 | Jan 22, 1996 |
| $0.4725 Q | Regular | Sep 20, 1995 | Sep 27, 1995 | Sep 29, 1995 | Oct 16, 1995 |
| $0.4725 Q | Regular | Jun 01, 1995 | Jun 28, 1995 | Jun 30, 1995 | Jul 17, 1995 |
| $0.4725 Q | Regular | Mar 13, 1995 | Mar 27, 1995 | Mar 31, 1995 | Apr 13, 1995 |
| $0.4725 Q | Regular | N/A | Dec 23, 1994 | Dec 31, 1994 | Jan 13, 1995 |
| $0.4725 Q | Regular | N/A | Sep 26, 1994 | Sep 30, 1994 | Oct 14, 1994 |
Peer Comparison
Selected REIT - Industrial dividend payers we cover, strongest DividendRank first — for context, not a recommendation.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| EGP | EastGroup Properties, Inc. | 3.50% | 13.9% | 14 yrs | 84 |
| TRNO | Terreno Realty Corporation | 3.47% | 12.5% | 14 yrs | 80 |
| PLD | Prologis, Inc. | 3.34% | 11.7% | 12 yrs | 76 |
| CUBE | CubeSmart | 5.16% | 9.4% | 15 yrs | 74 |
Related Guides & Lists
FR dividend — frequently asked questions
Does First Industrial Realty Trust, Inc. pay a dividend?
Yes. First Industrial Realty Trust, Inc. (FR) currently pays a dividend. The annualized dividend is about $2.00 per share, a yield of approximately 3.64%.
What is First Industrial Realty Trust, Inc.'s dividend yield?
First Industrial Realty Trust, Inc.'s dividend yield is approximately 3.64%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.
How often does First Industrial Realty Trust, Inc. pay dividends?
First Industrial Realty Trust, Inc. pays dividends quarterly — 4 times per year.
How long has First Industrial Realty Trust, Inc. paid dividends?
First Industrial Realty Trust, Inc. has 32 years of dividend payments on record, and has increased its dividend for 12 consecutive years.
Data updated Oct 30, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.