Comparing Modiv Industrial (NYSE:MDV) and First Industrial Realty Trust (NYSE:FR)

First Industrial Realty Trust (NYSE:FR) and Modiv Industrial (NYSE:MDV) are both finance companies, but which is the superior business? We will compare the two companies based on the strength of their dividends, valuation, institutional ownership, analyst recommendations, earnings, risk and profitability.

Earnings & Valuation

This table compares First Industrial Realty Trust and Modiv Industrial”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
First Industrial Realty Trust	$669.64 million	11.11	$287.55 million	$2.18	25.78
Modiv Industrial	$46.94 million	3.01	-$6.61 million	($0.11)	-133.25

First Industrial Realty Trust has higher revenue and earnings than Modiv Industrial. Modiv Industrial is trading at a lower price-to-earnings ratio than First Industrial Realty Trust, indicating that it is currently the more affordable of the two stocks.

Dividends

First Industrial Realty Trust pays an annual dividend of $1.78 per share and has a dividend yield of 3.2%. Modiv Industrial pays an annual dividend of $1.17 per share and has a dividend yield of 8.0%. First Industrial Realty Trust pays out 81.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Modiv Industrial pays out -1,063.6% of its earnings in the form of a dividend. First Industrial Realty Trust has raised its dividend for 12 consecutive years. Modiv Industrial is clearly the better dividend stock, given its higher yield and lower payout ratio.

Analyst Recommendations

This is a breakdown of current ratings and recommmendations for First Industrial Realty Trust and Modiv Industrial, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
First Industrial Realty Trust	0	7	7	0	2.50
Modiv Industrial	0	0	1	0	3.00

First Industrial Realty Trust presently has a consensus price target of $58.31, suggesting a potential upside of 3.76%. Modiv Industrial has a consensus price target of $18.00, suggesting a potential upside of 22.81%. Given Modiv Industrial’s stronger consensus rating and higher possible upside, analysts clearly believe Modiv Industrial is more favorable than First Industrial Realty Trust.

Insider and Institutional Ownership

99.8% of First Industrial Realty Trust shares are held by institutional investors. Comparatively, 8.2% of Modiv Industrial shares are held by institutional investors. 0.9% of First Industrial Realty Trust shares are held by insiders. Comparatively, 7.4% of Modiv Industrial shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Risk & Volatility

First Industrial Realty Trust has a beta of 1.09, suggesting that its stock price is 9% more volatile than the S&P 500. Comparatively, Modiv Industrial has a beta of -0.21, suggesting that its stock price is 121% less volatile than the S&P 500.

Profitability

This table compares First Industrial Realty Trust and Modiv Industrial’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
First Industrial Realty Trust	42.94%	10.64%	5.51%
Modiv Industrial	6.72%	1.42%	0.61%

Summary

First Industrial Realty Trust beats Modiv Industrial on 12 of the 17 factors compared between the two stocks.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. Our portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. In total, we own and have under development approximately 68.5 million square feet of industrial space as of December 31, 2023.

About Modiv Industrial

Modiv Industrial, Inc. is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.