First Industrial (FR) raises 2021 dividend 8% to $1.08/share.

First Industrial Realty Trust (FR) announced today that it has declared a first quarter dividend of $0.27/share, representing an increase of 8% over the prior year.  The dividend is payable on April 19, 2021 to shareholders of record on March 31, 2020.  The annualized rated for 2021 is $1.08.  In part, the increased dividend reflects FR's outlook for 2021 same property NOI growth, which is estimated at 3.5% (midpoint).