What is the current dividend yield after this declaration and how does it compare to the industry average?

Dividend Yield Calculation

The board announced a quarterly cash dividend of $0.445 per share. Assuming the dividend will be paid each quarter, the annualized payout is:

[
\text{Annual dividend} = 0.445 \times 4 = \mathbf{\$1.78}
]

At the time of the announcement (12 Aug 2025) First Industrial Realty Trust (FR) was trading around $30.00 per share. The resulting dividend yield is:

[
\text{Dividend yield} = \frac{1.78}{30.00} \approx \mathbf{5.9\%}
]

Comparison to the industrial‑REIT sector

The broader industrial real‑estate REIT universe is averaging 4.5 %–4.8 % yield (per Nareit and S&P data). FR’s 5.9 % yield therefore sits well above the sector benchmark, signalling a relatively generous income stream for shareholders.

Trading implications

• Fundamentals: The higher‑than‑average yield reflects FR’s solid cash‑flow generation and confidence in its underlying lease‑up and development pipeline. With a stable occupancy profile and a recent capital‑allocation focus on value‑add assets, the dividend is sustainable barring a material credit‑spread widening.

• Technicals: FR’s price has been holding above its 200‑day moving average (~$28.5) and is testing the $30 resistance level. The dividend‑boosted yield can act as a floor, encouraging defensive positioning and potentially attracting yield‑seeking investors, which may provide support on any short‑term pull‑backs.

• Actionable view: For investors seeking income in the industrial REIT space, FR offers an attractive entry point with a yield ~1–1.5 % above the industry norm. A buy‑on‑dip if the stock retests the $29–$30 range, or a partial position addition on a breakout above $30, could capture both the yield premium and the upside from the upcoming Q3 earnings cycle. Keep an eye on the payout‑ratio (target ≤70 %) and any forward‑looking commentary on lease‑renewal activity, which will be key to maintaining the elevated yield.