We are live on ! Find out more

First Trust S&P REIT Index Fund

FRI

Market cap $194M

30.74 USD

-0.12

0.39%

At close Updated Sep 14, 4:00 PM EDT

1 day

-0.39%

5 days

-1.22%

1 month

-4.36%

3 months

-2.78%

6 months

4.31%

Year to date

12.35%

1 year

8.89%

5 years

4.81%

10 years

29.81%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 50%

Neutral 50%

Negative 0%

Zacks Investment Research

REIT ETFs Riding High on AI Boom: The Overlooked Way to Play

REIT ETFs are gaining as AI drives demand for data centers and other infrastructure, offering diversified exposure and dividend income.

REIT ETFs Riding High on AI Boom: The Overlooked Way to Play

Rates Retake The Spotlight

U.S. equity markets pulled back from record highs this week as long-term Treasury yields remained elevated, with renewed fiscal concerns after federal debt crossed $40T. Oil prices extended their rebound as stalled Iran negotiations and severely depressed Strait of Hormuz tanker traffic kept geopolitical risk elevated, pushing WTI crude another 5% higher to nearly $87/barrel. Housing data remained soft as starts, pending sales, and builder sentiment stayed depressed amid mortgage rates near 6.7%, but weak construction continued to reinforce the underlying housing shortage.

Rates Retake The Spotlight

Winners Of REIT Earnings Season

REITs concluded a surprisingly strong earnings season, with 83 REITs - or 83% - raising full-year FFO guidance, just 4% lowering, and the average outlook increasing 1.4% from prior guidance. Strong Fundamentals, Weak Tape: REITs slipped modestly during earnings season despite widespread guidance raises, as renewed interest-rate pressure outweighed improving property-level trends and earnings momentum. Upside standouts included Hotel, Industrial, Data Center, Billboard, Office, Senior Housing/Skilled Nursing, and Single-Family Rental REITs, while Self-Storage finally showed a convincing pricing inflection.

Winners Of REIT Earnings Season

REITs Increasingly Favoring At-The-Market Offerings When Issuing Equity

With low valuations for the sector overall, follow-on common equity offerings for US real estate investment trusts have declined significantly in recent years. US equity REITs have largely preferred issuing common stock through at-the-market offering programs as opposed to more standard follow-on equity offerings in recent years. US REITs raised $77.58 billion through common stock sold under their ATM programs between July 1, 2022, and March 31, 2026.

REITs Increasingly Favoring At-The-Market Offerings When Issuing Equity

The REIT Recovery Broadens Beyond Rates

As REIT earnings season kicks into gear this week, we preview results and major sector trends based on recent operating indicators, company commentary, and real estate market data. REITs enter earnings season with solid momentum, outperforming the market despite elevated Treasury yields and geopolitical volatility, as investors refocus on earnings growth, property fundamentals, dividends, M&A, and capital allocation. Encouraging green shoots have become more plentiful, including resilient hotel demand, robust senior housing growth, improving apartment and industrial fundamentals, and a rebound in retail leasing following a softer Q1.

The REIT Recovery Broadens Beyond Rates

REITs: Cheap, Unloved, And Finally Showing Life

REITs have refused to break in 2026 despite oil-driven inflation pressure, rising Treasury yields, and a Fed narrative that flipped from multiple rate cuts to potential hikes. The “Rates Up, REITs Down” regime has weakened, with REIT-rate correlations falling sharply as fundamentals, strategy, capital allocation, and valuation catalysts increasingly drive performance. M&A has helped break the rate-driven narrative, validating public-market discounts to NAV and proving that REITs can unlock value through consolidation, privatizations, and strategic alternatives.

REITs: Cheap, Unloved, And Finally Showing Life

24/7 Wall Street

How Senior Housing and Warehouses Defend Monthly Payouts Today

The First Trust S&P REIT Index Fund (NYSEARCA:FRI) gives investors exposure to American commercial real estate cash flow without picking between malls, warehouses, and senior living towers.

How Senior Housing and Warehouses Defend Monthly Payouts Today

24/7 Wall Street

FRI's dividend fell 10% last year, but here's why income investors shouldn't panic

First Trust S&P REIT Index Fund (NYSEARCA:FRI) tracks the S&P United States REIT Index and passes through rental cash flow from roughly 140 publicly traded landlords.

FRI's dividend fell 10% last year, but here's why income investors shouldn't panic

Inflation Reignites, Yields Spike

Surging oil prices and hotter inflation reports reignited rate-hike concerns, sending Treasury yields to one-year highs as the Iran conflict remained stalemated despite the highly anticipated Trump-Xi summit.

Inflation Reignites, Yields Spike

REITs Excel, Earnings Swell, Fed Rebels

U.S. equity markets advanced for a fifth straight week - their longest winning streak since 2024 - as strong earnings, resilient data, and hopes for lasting Iran peace fueled optimism. Investors looked through another oil-price surge and inflationary pressure, focusing instead on corporate resilience and economic strength despite a complex macro backdrop shaped by geopolitical and policy uncertainty. The Fed held rates steady in an unusually fractured 8-4 vote, while Powell's plan to remain on the Board broke precedent and raised politically charged succession questions.

REITs Excel, Earnings Swell, Fed Rebels

See News Rankings

Price charts implemented using Lightweight Charts™