Is FR or FRT cheaper?

On trailing earnings, FRT is cheaper: FR trades at a 23.95 P/E and FRT at 20.72.

Which has grown faster, FR or FRT?

Over the past five years, FR grew revenue faster — FR at a 10.42% CAGR versus FRT at 9.79%.

Does FR or FRT pay a bigger dividend?

FR yields 2.97% and FRT yields 3.73% based on trailing dividends and the latest price.

Is FR or FRT more profitable?

FR runs the higher net margin — FR at 45.99% versus FRT at 38.61%.

Which has been the better investment, FR or FRT?

Over the past 10-year, FR delivered the higher annualized total return — FR at 11.67% versus FRT at 1.17%. Past performance doesn't predict future results.

First Industrial Realty Trust, Inc. (FR) vs Federal Realty Investment Trust (FRT)

FRT leads on 10 of 15 compared metrics.

A side-by-side comparison of First Industrial Realty Trust, Inc. and Federal Realty Investment Trust across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 20, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

First Industrial Realty Trust, Inc.

$8.19B

$61.80Real Estate

FRT

Federal Realty Investment Trust

$10.40B

$120.39Real Estate

Total return — FR vs FRT

growth of $100 · last 30y

FR +158.8%FRT +435.1%FRT compounded faster

FR FRT

FR vs FRT: by the numbers

•FRT is the larger company ($10.40B vs $8.19B market cap).
•FRT trades at the lower earnings multiple (20.72 vs 23.95 P/E).
•FR converts more revenue to profit (45.99% vs 38.61% net margin).
•FR grew revenue faster over the past five years (10.42% vs 9.79% CAGR).
•FRT pays the higher dividend yield (3.73% vs 2.97%).

Which is better, FR or FRT?

Metric tally: FR 5 · FRT 10

It depends on what you're optimizing for:

ValueFRT(lower P/E)

GrowthFR(faster 5Y revenue CAGR)

IncomeFRT(higher dividend yield)

QualityFRT(higher ROIC)

Metrics side by side

Valuation

Metric	FR	FRT
P/E ratio	23.95	20.72●
Forward P/E	32.65●	39.11
P/S ratio	11.00	7.96●
P/B ratio	2.97●	3.15
PEG ratio	5.84	0.53●
EV / EBITDA	16.36	14.02●

Profitability

Metric	FR	FRT
Gross margin	47.03%	53.60%●
Operating margin	38.28%	41.58%●
Net margin	45.99%●	38.61%
ROE	12.41%	15.29%●
ROIC	5.34%	480.25%●

Dividends

Metric	FR	FRT
Dividend yield	2.97%	3.73%●
Payout ratio	98.13%	93.74%

Growth (annualized)

Metric	FR	FRT
Revenue CAGR (5Y)	10.42%●	9.79%
EPS CAGR (5Y)	4.10%	24.22%●
Total return CAGR (5Y)	6.32%●	4.84%

Frequently asked

Which is better, FR or FRT?: It depends on your goal. value: FRT (lower P/E); growth: FR (faster 5Y revenue CAGR); income: FRT (higher dividend yield); quality: FRT (higher ROIC). Across all compared metrics, FRT leads 10 to 5.
Is FR or FRT cheaper?: On trailing earnings, FRT is cheaper: FR trades at a 23.95 P/E and FRT at 20.72.
Which has grown faster, FR or FRT?: Over the past five years, FR grew revenue faster — FR at a 10.42% CAGR versus FRT at 9.79%.
Does FR or FRT pay a bigger dividend?: FR yields 2.97% and FRT yields 3.73% based on trailing dividends and the latest price.
Is FR or FRT more profitable?: FR runs the higher net margin — FR at 45.99% versus FRT at 38.61%.
Which has been the better investment, FR or FRT?: Over the past 10-year, FR delivered the higher annualized total return — FR at 11.67% versus FRT at 1.17%. Past performance doesn't predict future results.

Go deeper

Full FR analysis Full FRT analysis Interactive comparison tool

Dig into the metrics

First Industrial Realty Trust P/E ratio Federal Realty Investment P/E ratio First Industrial Realty Trust dividend yield Federal Realty Investment dividend yield First Industrial Realty Trust ROE Federal Realty Investment ROE First Industrial Realty Trust operating margin Federal Realty Investment operating margin First Industrial Realty Trust revenue growth Federal Realty Investment revenue growth First Industrial Realty Trust free cash flow Federal Realty Investment free cash flow

First Industrial Realty Trust & Federal Realty Investment appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Highest ROIC Stocks Highest Operating Margin Stocks

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 June 20, 2026.