Mapletree Logistics Trust (OTCMKTS:MAPGF) versus First Industrial Realty Trust (NYSE:FR) Financial Analysis

First Industrial Realty Trust (NYSE:FR) and Mapletree Logistics Trust (OTCMKTS:MAPGF) are both real estate companies, but which is the better stock? We will compare the two companies based on the strength of their institutional ownership, risk, valuation, analyst recommendations, earnings, dividends and profitability.

Dividends

First Industrial Realty Trust pays an annual dividend of $2.00 per share and has a dividend yield of 3.2%. Mapletree Logistics Trust pays an annual dividend of $0.05 per share and has a dividend yield of 5.1%. First Industrial Realty Trust pays out 73.0% of its earnings in the form of a dividend. Mapletree Logistics Trust pays out 39.1% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. First Industrial Realty Trust has raised its dividend for 12 consecutive years. Mapletree Logistics Trust is clearly the better dividend stock, given its higher yield and lower payout ratio.

Institutional & Insider Ownership

99.8% of First Industrial Realty Trust shares are owned by institutional investors. Comparatively, 16.9% of Mapletree Logistics Trust shares are owned by institutional investors. 1.1% of First Industrial Realty Trust shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Earnings & Valuation

This table compares First Industrial Realty Trust and Mapletree Logistics Trust”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
First Industrial Realty Trust	$727.08 million	11.48	$247.44 million	$2.74	22.97
Mapletree Logistics Trust	N/A	N/A	N/A	$0.12	7.72

First Industrial Realty Trust has higher revenue and earnings than Mapletree Logistics Trust. Mapletree Logistics Trust 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.

Analyst Ratings

This is a summary of current recommendations and price targets for First Industrial Realty Trust and Mapletree Logistics Trust, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
First Industrial Realty Trust	0	7	7	1	2.60
Mapletree Logistics Trust	0	0	1	0	3.00

First Industrial Realty Trust presently has a consensus target price of $67.07, suggesting a potential upside of 6.56%. Given First Industrial Realty Trust’s higher probable upside, equities analysts plainly believe First Industrial Realty Trust is more favorable than Mapletree Logistics Trust.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
First Industrial Realty Trust	47.97%	12.99%	6.41%
Mapletree Logistics Trust	N/A	N/A	N/A

Summary

First Industrial Realty Trust beats Mapletree Logistics Trust on 12 of the 15 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 Mapletree Logistics Trust

MLT, the first Asia-focused logistics REIT in Singapore, was listed on the SGX-ST Main Board on 28 July 2005. MLT's principal strategy is to invest in a diversified portfolio of income-producing logistics real estate and real estate-related assets. As at 31 December 2023, it has a portfolio of 187 properties in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam with assets under management of S$13.3 billion. MLT is managed by Mapletree Logistics Trust Management Ltd., a wholly-owned subsidiary of Mapletree Investments Pte Ltd.