FR vs WELL: Which Is the Better Dividend Stock?
As of September 2026, FR (First Industrial Realty Trust, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. FR offers the higher yield at 3.24%, FR has the higher dividend-safety score, and FR trades at the larger discount to fair value (-54%).
| Metric | FR | WELL |
|---|---|---|
| Forward yield | 3.24% | 1.49% |
| Annual dividend | $2.00 | $3.40 |
| Payout ratio | 69% | 133% |
| Years of growth | 12 yr | 2 yr |
| 5-yr dividend growth | 12.2% | 0.9% |
| 5-yr total return | 6% | 185% |
| Dividend safety score | 75 (B) | 66 (B) |
| Fair value estimate | $28.63 | $93.23 |
| Upside to fair value | -54% | -59% |
| Frequency | quarterly | quarterly |
| Market cap | $8.5B | $167.7B |
| P/E ratio | 22.5 | 104.8 |
Higher yield
FR
3.24%
Safer dividend
FR
Grade B
Faster growth
FR
12.2%
Better value
FR
-54% upside
FR vs WELL — FAQ
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