FRI vs USRT
First Trust S&P REIT Index Fund compared with iShares Core U.S. REIT ETF on yield, payout growth, payment schedule, cost and risk.
FRI
First Trust S&P REIT Index Fund
TTM yield · Quarterly
USRT
iShares Core U.S. REIT ETF
TTM yield · Quarterly
Quick take
- USRT yields more today: 2.29% vs 2.28% (forward).
- FRI has grown its payout faster: 7.4%/yr vs 3.5%/yr over the last 5 years.
- Both pay every quarter.
- Over the last year USRT delivered the higher total return: +14.5% vs +14.3% (price change plus payouts).
- USRT is cheaper to own: 0.08% vs 0.50% expense ratio.
- USRT has the steadier distribution: consistency 65/100 vs 50/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FRI | USRT |
|---|---|---|
| Share price | $31.24 | $65.33 |
| TTM yield | 2.49% | 2.61% |
| Forward yield | 2.28% | 2.29% |
| Annual payout per share | $0.712 | $1.496 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Sep 24, 2026 (est.) | Sep 14, 2026 (est.) |
| Expense ratio | 0.50% | 0.08% |
| 1-year payout growth | -7.6% | +0.7% |
| 5-year payout CAGR | +7.4% | +3.5% |
| Consecutive years of increases | 0 years | 1 year |
| Payout consistency (last 12) | 50/100 | 65/100 |
| 1-year total return | +14.3% | +14.5% |
| 1-year price return | +11.5% | +11.6% |
| Size (market cap / AUM) | 196.0M | 4.6B |
| Years paying | 18.7 | 19.2 |
| Sector / category | Real Estate | Real Estate |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FRI | USRT | |
|---|---|---|
| Shares | 320.1 | 153.1 |
| Income per year | $228 | $229 |
| Income per month (avg) | $19 | $19 |
At forward yields, before taxes. Model FRI · Model USRT
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FRI Sep 24, 2026 | Oct 8, 2026 | $0.178 | Est. |
| FRI Dec 24, 2026 | Jan 7, 2027 | $0.178 | Est. |
| FRI Mar 25, 2027 | Apr 8, 2027 | $0.178 | Est. |
| USRT Sep 14, 2026 | Sep 28, 2026 | $0.374 | Est. |
| USRT Dec 14, 2026 | Dec 28, 2026 | $0.374 | Est. |
| USRT Mar 15, 2027 | Mar 29, 2027 | $0.374 | Est. |
Annual payouts per share
FRIUSRT
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FRI or USRT?
USRT currently has the higher trailing yield: FRI yields 2.49% and USRT yields 2.61%. Yield changes daily with price, so check the live figures above.
How often do FRI and USRT pay?
FRI pays every quarter and USRT pays every quarter. FRI's next ex-date is Sep 24, 2026 and USRT's is Sep 14, 2026.
Which has grown its dividend faster, FRI or USRT?
FRI has grown its payout faster: 7.4%/yr vs 3.5%/yr over the last 5 years.
Is FRI or USRT better for income?
It depends on what you are optimising for. FRI and USRT differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.