Sectors & IndustriesReal EstateREIT - Industrial

Best Industrial REIT Stocks to Buy Now (2023)

Top industrial reit stocks in 2023 ranked by overall Zen Score. See the best industrial reit stocks to buy now, according to analyst forecasts for the reit - industrial industry.

According to Zen Score, the 3 best industrial reit stocks to buy right now are:

Innovative Industrial Properties (NYSE:IIPR) is the top industrial reit stock with a Zen Score of 48, which is 16 points higher than the industrial reit industry average of 32. It passed 18 out of 38 due diligence checks and has strong fundamentals. Innovative Industrial Properties has seen its stock lose -51.6% over the past year, underperforming other industrial reit stocks by -31 percentage points.

Innovative Industrial Properties has an average 1 year price target of $155.25, an upside of 66.7% from Innovative Industrial Properties's current stock price of $93.13.

Innovative Industrial Properties stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Innovative Industrial Properties, 50% have issued a Strong Buy rating, 33.33% have issued a Buy, 16.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Public Storage (NYSE:PSA) is the second best industrial reit stock with a Zen Score of 47, which is 15 points higher than the industrial reit industry average of 32. It passed 17 out of 38 due diligence checks and has strong fundamentals. Public Storage has seen its stock lose -16.02% over the past year, overperforming other industrial reit stocks by 5 percentage points.

Public Storage has an average 1 year price target of $361.38, an upside of 17.15% from Public Storage's current stock price of $308.47.

Public Storage stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Public Storage, 37.5% have issued a Strong Buy rating, 25% have issued a Buy, 37.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Global Self Storage (NASDAQ:SELF) is the third best industrial reit stock with a Zen Score of 42, which is 10 points higher than the industrial reit industry average of 32. It passed 14 out of 38 due diligence checks and has strong fundamentals. Global Self Storage has seen its stock lose -17.22% over the past year, overperforming other industrial reit stocks by 4 percentage points.

Global Self Storage has an average 1 year price target of $7.00, an upside of 34.87% from Global Self Storage's current stock price of $5.19.

Global Self Storage stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Global Self Storage, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 16 industrial reit stocks that have issued dividends in the past year, the 3 industrial reit stocks with the highest dividend yields are:

Innovative Industrial Properties (NYSE:IIPR) has an annual dividend yield of 7.62%, which is 4 percentage points higher than the industrial reit industry average of 3.97%. Innovative Industrial Properties's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Innovative Industrial Properties's dividend has shown consistent growth over the last 10 years.

Innovative Industrial Properties's dividend payout ratio of 128.8% indicates that its high dividend yield might not be sustainable for the long-term.

Industrial Logistics Properties Trust (NASDAQ:ILPT) has an annual dividend yield of 7.52%, which is 4 percentage points higher than the industrial reit industry average of 3.97%. Industrial Logistics Properties Trust's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Industrial Logistics Properties Trust's dividend has not shown consistent growth over the last 10 years.

Industrial Logistics Properties Trust's dividend payout ratio of -33.5% indicates that its high dividend yield might not be sustainable for the long-term.

Public Storage (NYSE:PSA) has an annual dividend yield of 6.86%, which is 3 percentage points higher than the industrial reit industry average of 3.97%. Public Storage's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Public Storage's dividend has shown consistent growth over the last 10 years.

Public Storage's dividend payout ratio of 85.5% indicates that its high dividend yield is sustainable for the long-term.

Industrial reit stocks were down -1.1% in the last day, and up 2.96% over the last week.

We couldn't find a catalyst for why industrial reit stocks are down.

Based on WallStreetZen's Valuation Score, the 3 most undervalued industrial reit stocks right now are:

Global Self Storage (NASDAQ:SELF) is the most undervalued industrial reit stock based on WallStreetZen's Valuation Score. Global Self Storage has a valuation score of 43, which is 25 points higher than the industrial reit industry average of 18. It passed 3 out of 7 valuation due diligence checks.

Global Self Storage's stock has dropped -17.22% in the past year. It has overperformed other stocks in the industrial reit industry by 4 percentage points.

Innovative Industrial Properties (NYSE:IIPR) is the second most undervalued industrial reit stock based on WallStreetZen's Valuation Score. Innovative Industrial Properties has a valuation score of 43, which is 25 points higher than the industrial reit industry average of 18. It passed 3 out of 7 valuation due diligence checks.

Innovative Industrial Properties's stock has dropped -51.6% in the past year. It has underperformed other stocks in the industrial reit industry by -31 percentage points.

Gladstone Land (NASDAQ:LAND) is the third most undervalued industrial reit stock based on WallStreetZen's Valuation Score. Gladstone Land has a valuation score of 29, which is 11 points higher than the industrial reit industry average of 18. It passed 2 out of 7 valuation due diligence checks.

Gladstone Land's stock has dropped -36.87% in the past year. It has underperformed other stocks in the industrial reit industry by -16 percentage points.