First Trust S&P REIT Index Fund (FRI)
| Assets | $156.77M |
| Expense Ratio | 0.50% |
| PE Ratio | 31.12 |
| Shares Out | 5.70M |
| Dividend (ttm) | $0.91 |
| Dividend Yield | 3.36% |
| Ex-Dividend Date | Dec 13, 2024 |
| Payout Ratio | 104.58% |
| 1-Year Return | +6.70% |
| Volume | 19,800 |
| Open | 27.35 |
| Previous Close | 27.48 |
| Day's Range | 27.09 - 27.35 |
| 52-Week Low | 23.77 |
| 52-Week High | 30.40 |
| Beta | 1.07 |
| Holdings | 137 |
| Inception Date | May 8, 2007 |
About FRI
Fund Home PageThe First Trust S&P REIT Index Fund (FRI) is an exchange-traded fund that is based on the S&P United States REIT index, a market-cap-weighted index of US companies involved in the ownership and operation of real estate FRI was launched on May 8, 2007 and is issued by First Trust.
Top 10 Holdings
49.09% of assets| Name | Symbol | Weight |
|---|---|---|
| Prologis, Inc. | PLD | 9.07% |
| Welltower Inc. | WELL | 7.64% |
| Equinix, Inc. | EQIX | 7.18% |
| Simon Property Group, Inc. | SPG | 4.41% |
| Realty Income Corporation | O | 4.32% |
| Digital Realty Trust, Inc. | DLR | 4.12% |
| Public Storage | PSA | 4.08% |
| VICI Properties Inc. | VICI | 2.95% |
| Extra Space Storage Inc. | EXR | 2.70% |
| AvalonBay Communities, Inc. | AVB | 2.62% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 13, 2024 | $0.4349 | Dec 31, 2024 |
| Sep 26, 2024 | $0.0984 | Sep 30, 2024 |
| Jun 27, 2024 | $0.2796 | Jun 28, 2024 |
| Mar 21, 2024 | $0.0975 | Mar 28, 2024 |
| Dec 22, 2023 | $0.2802 | Dec 29, 2023 |
| Jun 27, 2023 | $0.3398 | Jun 30, 2023 |
News
Winners Of REIT Earnings Season
In Part 2 of our Earnings Recap, we present a sector-by-sector breakdown of the Winners of REIT Earnings Season, discussing incremental positives/negatives and noting the individual standouts. Healthc...
REIT Slope Adjustment Has Overshadowed Future Value Gains
Despite recent price declines, REITs' future value has increased due to higher rental rates, increased property values, and reduced competing supply. Higher market demanded returns have steepened the ...
Not All 2% Spreads Are Created Equal
Real estate investment spreads are healthier today with higher cap rates and cost of capital, enhancing long-term returns despite similar nominal spreads. Higher cap rates lead to more accretive organ...
What We're Watching This REIT Earnings Season
Real estate earnings season kicks into gear this week, and over the next month, we'll hear results from 175 equity REITs, 40 mortgage REITs, and dozens of housing industry companies. Following a year-...
The State Of REITs: January 2025 Edition
The REIT sector took a beating in December with an average total return of -6.85% but still finished in the black for full year 2024 (+3.70%). Small cap (-5.98%) and mid cap REITs (-6.62%) outperforme...
REITs Say 'Good Riddance' To 2024
U.S. equity markets sputtered in a choppy final week of 2024 as investors returned from the holidays with trepidation following the best two-year run for the S&P 500 since 1997-1998. The S&P 500 finis...
REITs Remain On Naughty List
U.S. equity markets rebounded after their worst week since November, while interest rates swelled to fresh seven-month highs as investors parsed data showing relatively strong retail and travel demand...
The State Of REITs: December 2024 Edition
The REIT sector bounced back from a rough October with a strong +3.19% average total return in November. Small cap (+4.19%), mid cap (+3.70%), and large cap (+3.39%) REITs averaged gains in November, ...
FRI: Real Estate ETF With Some Exclusions And A High Fee
First Trust S&P REIT Index Fund ETF offers capital-weighted exposure to U.S. real estate, excluding tower, timber REITs, and real estate services. The FRI ETF has better valuation ratios and growth ra...
Earnings Metrics Of Several U.S. Office REITs Drop In Q3
Most US office REITs ended Q3 with weaker operating metrics compared with the previous 3-month period, as demand for offices continued to drop amid higher rent. In terms of recurring EBITDA, 13 office...
At-The-Market Issuance By U.S. REITs Hits All-Time Quarterly High In Q3 2024
Total proceeds raised by US equity real estate investment trusts through at-the-market offering programs rocketed to an all-time high in the third quarter. US REITs raised an aggregate of $7.21 billio...
NAV Monitor: U.S. Equity REITs End November At 6.5% Median Discount
Publicly listed US equity real estate investment trusts closed Nov. 29 at a median 6.5% discount to their consensus net asset value per share estimates. The hotel sector continued to trade at the larg...
REITs: Key Demographic Trends Driving Opportunity
Understanding long-term demographic trends is crucial for real estate investments, with population growth and density significantly impacting property values. The aging U.S. population will drive dema...
Firming Inflation Fizzles Optimism
U.S. equity markets posted their worst week in two months as benchmark interest rates jumped to four-month highs after a critical slate of inflation data showed modestly firming price pressures. Fueli...
5 U.S. REITs Suspend Dividends Amid 2024 Cuts
Five US real estate investment trusts have suspended dividends so far this year, while six other REITs have lowered regular dividend payouts. The activity contrasts with the more than one-third of the...
The State Of REITs: October 2024 Edition
REITs achieved their 5th straight month in the black with a +3.09% average total return in September and +9.61% year to date. Mid-cap (+5.01%), large cap (+3.41%) and small cap REITs (+2.59%) averaged...
U.S. REITs Log Dip In Short Interest In September
Average REIT short interest fell 8 basis points in September to 3.7% of shares outstanding, per S&P Global Market Intelligence data. The hotel sector followed with a 60-basis point drop, while the off...
Perspectives: Listed REITs - Fall Edition
Public REITs have benefited from a great rotation within equity markets since the end of June, with U.S. REITs returning 13.2% vs. S&P 500 3.7%. Clear evidence of a growth slowdown and moderating infl...