BlackRock Multi-Sector Income Trust (BIT) vs First Industrial Realty Trust, Inc. (FR)
A side-by-side comparison of BlackRock Multi-Sector Income Trust and First Industrial Realty Trust, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 10, 2026. Differences are shown without an overall score or investment verdict.
Total return — BIT vs FR
growth of $100 · dividends reinvested · last 10yBIT vs FR: by the numbers
- •FR is the larger company ($8.14B vs $669M market cap).
- •BIT converts more revenue to profit (87.98% vs 47.96% net margin).
- •FR grew revenue faster over the past five years (10.47% vs -4.25% CAGR).
- •BIT pays the higher dividend yield (12.61% vs 3.11%).
Metrics side by side
Valuation
| Metric | BIT | FR |
|---|---|---|
| P/E ratio | N/A | 22.40 |
| Forward P/E | N/A | 24.52 |
| P/S ratio | N/A | 10.71 |
| P/B ratio | 0.88 | 2.93 |
| EV / EBITDA | N/A | 20.91 |
| FCF yield | N/A | 5.04% |
For REITs like First Industrial Realty Trust, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | BIT | FR |
|---|---|---|
| Gross margin | 87.06% | 22.60% |
| Operating margin | 108.91% | 41.59% |
| Net margin | 87.98% | 47.96% |
| ROE | 6.96% | 13.12% |
| ROIC | N/A | 5.63% |
Dividends
| Metric | BIT | FR |
|---|---|---|
| Dividend yield | 12.61% | 3.11% |
| Payout ratio | N/A | 68.98% |
First Industrial Realty Trust, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | BIT | FR |
|---|---|---|
| Revenue CAGR (5Y) | -4.25% | 10.47% |
| EPS CAGR (5Y) | -10.31% | 4.10% |
| FCF CAGR (5Y) | N/A | 7.52% |
| Total return CAGR (5Y) | 0.60% | 5.36% |
Frequently asked
- Which has grown faster, BIT or FR?
- Over the past five years, FR grew revenue faster — BIT at a -4.25% CAGR versus FR at 10.47%.
- Does BIT or FR pay a bigger dividend?
- BIT yields 12.61% and FR yields 3.11% based on trailing dividends and the latest price.
- Is BIT or FR more profitable?
- BIT runs the higher net margin — BIT at 87.98% versus FR at 47.96%.
- How have BIT and FR total returns compared?
- Over the past 10 years, BIT delivered 6.04% and FR delivered 11.09% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
BlackRock Multi-Sector Income & First Industrial Realty Trust appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 10, 2026.