First Industrial Realty Trust (FR) Stock

REITs are currently very affordable, with some providing dividend yields of up to 10%. This is happening even as they continue to grow consistently. I want to point out three REITs that you should consider purchasing before their next increase in dividends.

First Industrial Realty Trust (FR) could see an increase in value due to rising confidence in its earnings potential, as indicated by its upgrade to a Zacks Rank #2 (Buy).

CHICAGO, Oct. 30, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a major player in the industrial real estate sector, has announced a common stock dividend of $0.37 per share/unit for the quarter ending December 31, 2024. This dividend will be paid on January 21, 2025, to shareholders who are on record as of December 31, 2024. First Industrial Realty Trust, Inc. focuses on owning, operating, developing, and acquiring logistics properties in the U.S.

First Industrial Realty Trust, Inc. (NYSE:FR) will hold its Q3 2024 Earnings Conference Call on October 17, 2024, at 11:00 AM ET. The call will feature company executives, including Art Harmon, Peter Baccile, and Scott Musil, among others. Participants from various financial institutions will also be present, but only the company representatives will speak during the call.

First Industrial Realty Trust (FR) reported quarterly funds from operations (FFO) of $0.68 per share, which is higher than the Zacks Consensus Estimate of $0.67 per share. This is an increase compared to last year's FFO of $0.62 per share.

Dividends are a major advantage of being a shareholder, but identifying a good dividend stock can be challenging. Does First Industrial Realty Trust (FR) meet the criteria?

CHICAGO, Oct. 1, 2024 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a top company in owning, operating, and developing logistics properties, will hold a conference call to discuss its third quarter 2024 results on Thursday, October 17, 2024, at 10:00 a.m. CDT (11:00 a.m. EDT).

First Industrial Realty Trust is an industrial real estate investment trust (REIT) that has 67.9 million square feet of space available for lease. Although the industrial property market is facing challenges due to higher interest rates and excess supply, there are indications that the situation is changing. Demand is increasing while new construction is slowing down, which could lead to a shortage in the future, benefiting industrial REITs like First Industrial.

On August 13, 2024, Wolfe Research raised its rating for First Industrial Realty Trust (FR) from Peer Perform to Outperform, with a target price of $64 by the end of 2025. This change indicates a possible increase of 19% from its current price of about $53.89.