First Industrial: 20% Dividend Raise And Rosy Outlook Make It A Buy
Portfolio Pulse from
First Industrial Realty Trust (FR) has announced a 20% dividend increase, driven by strong growth and high demand for its industrial properties. The company reports an 8.6% year-over-year growth in FFO per share, 96.2% occupancy, and impressive lease spreads. Management projects continued strong growth in rental rates and FFO/share, supported by an active development pipeline.
February 20, 2025 | 1:45 pm
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First Industrial Realty Trust (FR) has increased its dividend by 20%, reflecting strong growth and high demand for its properties. The company shows solid fundamentals with 8.6% YoY FFO per share growth and 96.2% occupancy.
The 20% dividend increase signals strong financial health and confidence in future earnings, likely attracting more investors and positively impacting the stock price. The company's solid fundamentals and growth projections further support a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100