Brookfield Property Partners L.P. (BPYPO) vs First Industrial Realty Trust, Inc. (FR)
A side-by-side comparison of Brookfield Property Partners L.P. and First Industrial Realty Trust, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — BPYPO vs FR
growth of $100 · dividends reinvested · last 7yBPYPO vs FR: by the numbers
- •FR is the larger company ($7.85B vs $6.31B market cap).
- •FR is profitable (47.96% net margin) while BPYPO runs a net loss (-3.56%).
- •FR grew revenue faster over the past five years (10.47% vs 2.40% CAGR).
- •BPYPO pays the higher dividend yield (10.76% vs 3.19%).
Metrics side by side
Valuation
| Metric | BPYPO | FR |
|---|---|---|
| P/E ratio | N/A | 21.61 |
| Forward P/E | 15.67 | 23.27 |
| PEG ratio | N/A | 5.27 |
| P/S ratio | 0.88 | 10.34 |
| P/B ratio | 0.73 | 2.83 |
| EV / EBITDA | 15.44 | 20.35 |
| FCF yield | N/A | 5.22% |
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 | BPYPO | FR |
|---|---|---|
| Gross margin | 52.31% | 22.60% |
| Operating margin | 35.48% | 41.59% |
| Net margin | -3.56% | 47.96% |
| ROE | -2.72% | 13.12% |
| ROIC | 1.37% | 5.63% |
Dividends
| Metric | BPYPO | FR |
|---|---|---|
| Dividend yield | 10.76% | 3.19% |
| 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 | BPYPO | FR |
|---|---|---|
| Revenue CAGR (5Y) | 2.40% | 10.47% |
| EPS CAGR (5Y) | N/A | 4.10% |
| Total return CAGR (5Y) | -0.49% | 5.06% |
Frequently asked
- Which has grown faster, BPYPO or FR?
- Over the past five years, FR grew revenue faster — BPYPO at a 2.40% CAGR versus FR at 10.47%.
- Does BPYPO or FR pay a bigger dividend?
- BPYPO yields 10.76% and FR yields 3.19% based on trailing dividends and the latest price.
- Is BPYPO or FR more profitable?
- FR runs the higher net margin — BPYPO at -3.56% versus FR at 47.96%.
- How have BPYPO and FR total returns compared?
- Over the past 5 years, BPYPO delivered -0.49% and FR delivered 5.06% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Brookfield Property Partners L.P. & 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 October 6, 2026.