First Industrial Realty Trust (FR) FCF Payout Ratio (2013 - 2026)
First Industrial Realty Trust's FCF Payout Ratio was 0.60 in Q2 2026, up 24.7% from 0.48 a year earlier but down 12.1% from the prior quarter.
First Industrial Realty Trust (FR) FCF Payout Ratio (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, First Industrial Realty Trust's FCF Payout Ratio was 0.55 through Jun 30, 2026, up 4.5% year-over-year; for FY2025, it was 0.50, down 8.7% from FY2024.
- In earlier years, FCF Payout Ratio was 0.55 in FY2024 (-1.2%), 0.56 in FY2023 (+47.0%), 0.38 in FY2022 (-27.8%) and 0.52 in FY2021 (-1.2%).
- Quarterly FCF Payout Ratio has moved between 0.20 (Q2 2022) and 0.69 (Q1 2024) over five years.
- Compared with a year earlier, FCF Payout Ratio was higher in four of the last eight quarters, with an average decline of 0.3%.
- The best year-over-year quarter for FCF Payout Ratio over five years was Q2 2023 (growth of 152.5%); the worst was Q2 2022 (a decline of 56.7%).
- Per Business Quant data, FR's FCF Payout Ratio in the three quarters before Q2 2026 was 0.68 (Q1 2026), 0.49 (Q4 2025) and 0.48 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 164.16 Bn | 146.67 Bn | 1.39 Bn | - |
| 2 | Prologis | 120.28 Bn | 124.68 Bn | - | - |
| 3 | Simon Property | 68.97 Bn | 70.18 Bn | - | - |
| 4 | Realty Income | 51.22 Bn | 53.60 Bn | - | 0.70 |
| 5 | Public Storage | 49.85 Bn | 48.94 Bn | - | 0.71 |
| 6 | Ventas | 43.09 Bn | 42.28 Bn | - | 0.56 |
| 7 | Extra Space Storage | 28.15 Bn | 28.15 Bn | 642.43 Mn | 0.62 |
| 8 | Vici Properties | 24.95 Bn | 23.07 Bn | 1.05 Bn | 0.69 |
| 9 | Vivmark Residential | 22.41 Bn | 22.60 Bn | - | 0.92 |
| 10 | First Industrial Realty Trust | 7.88 Bn | 7.97 Bn | - | 0.60 |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.60 |
| Mar 31, 2026 | 0.68 |
| Dec 31, 2025 | 0.49 |
| Sep 30, 2025 | 0.48 |
| Jun 30, 2025 | 0.48 |
| Mar 31, 2025 | 0.57 |
| Dec 31, 2024 | 0.65 |
| Sep 30, 2024 | 0.47 |
| Jun 30, 2024 | 0.46 |
| Mar 31, 2024 | 0.69 |
| Dec 31, 2023 | 0.67 |
| Sep 30, 2023 | 0.51 |
| Jun 30, 2023 | 0.50 |
| Mar 31, 2023 | 0.56 |
| Dec 31, 2022 | 0.61 |
| Sep 30, 2022 | 0.46 |
| Jun 30, 2022 | 0.20 |
| Mar 31, 2022 | 0.60 |
| Dec 31, 2021 | 0.51 |
| Sep 30, 2021 | 0.46 |
First Industrial Realty Trust FCF Payout Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-payout-ratio&ticker=FR&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-payout-ratio", "ticker": "FR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=fcf-payout-ratio&ticker=FR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();