FR vs WELL: Which Is the Better Dividend Stock?
As of July 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 2.74%, FR has the higher dividend-safety score, and FR trades at the larger discount to fair value (-61%).
| Metric | FR | WELL |
|---|---|---|
| Forward yield | 2.74% | 1.22% |
| Annual dividend | $1.89 | $2.96 |
| Payout ratio | 71% | 140% |
| Years of growth | 12 yr | 2 yr |
| 5-yr dividend growth | 12.2% | 0.9% |
| 5-yr total return | 23% | 178% |
| Dividend safety score | 75 (B) | 63 (C) |
| Fair value estimate | $26.84 | $80.94 |
| Upside to fair value | -61% | -67% |
| Frequency | quarterly | quarterly |
| Market cap | $9.3B | $172.8B |
| P/E ratio | 26.3 | 117.7 |
Higher yield
FR
2.74%
Safer dividend
FR
Grade B
Faster growth
FR
12.2%
Better value
FR
-61% upside
FR vs WELL — FAQ
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