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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.

Industry: REIT - Industrial
OverviewZen ScorePriceValuationFinancialsForecast
Earnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
IIPR
INNOVATIVE INDUSTRIAL PROPERTIES INC
$2.17B$77.52$85.009.65%Hold33.75%53.86%N/AN/A
PSA
PUBLIC STORAGE
$46.59B$264.98$314.0018.50%Strong Buy65.40%-5.74%N/AN/A
SELF
GLOBAL SELF STORAGE INC
$53.71M$4.82$7.0045.23%Strong Buy1N/AN/AN/AN/A
NSA
NATIONAL STORAGE AFFILIATES TRUST
$2.85B$31.91$36.0012.82%Sell77.27%44.33%N/AN/A
REXR
REXFORD INDUSTRIAL REALTY INC
$10.21B$49.44$59.3320.01%Buy60.85%58.34%7.30%5.13%
TRNO
TERRENO REALTY CORP
$4.79B$57.14$66.5016.38%Hold42.26%12.36%7.64%5.56%
LXP
LXP INDUSTRIAL TRUST
$2.64B$9.03$12.0032.89%Strong Buy112.20%93.88%11.16%6.42%
PLD
PROLOGIS INC
$102.78B$111.25$144.5829.96%Strong Buy12-5.37%20.06%N/AN/A
CUBE
CUBESMART
$8.66B$38.50$48.0024.68%Buy74.41%19.26%N/AN/A
STAG
STAG INDUSTRIAL INC
$6.11B$34.02$38.7513.90%Buy48.81%47.36%13.45%7.41%
EGP
EASTGROUP PROPERTIES INC
$7.56B$166.47$182.299.50%Buy77.75%32.09%N/AN/A
EXR
EXTRA SPACE STORAGE INC
$25.46B$120.51$151.5025.72%Buy84.39%16.89%N/AN/A
FR
FIRST INDUSTRIAL REALTY TRUST INC
$6.31B$47.73$60.2526.23%Buy46.30%6.15%N/AN/A
PLYM
PLYMOUTH INDUSTRIAL REIT INC
$925.37M$20.91$25.3321.15%Strong Buy3N/AN/AN/AN/A
ILPT
INDUSTRIAL LOGISTICS PROPERTIES TRUST
$185.92M$2.83N/AN/AN/AN/A0.64%N/A10.86%1.43%
COLD
AMERICOLD REALTY TRUST
$8.24B$30.48$34.4012.86%Hold59.92%N/AN/AN/A
GRP.U
GRANITE REAL ESTATE INVESTMENT TRUST
$3.35B$52.65N/AN/AN/AN/AN/AN/A5.88%3.45%
1

Industrial REIT Stocks FAQ

What are the best industrial reit stocks to buy right now in Sep 2023?

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

1. Innovative Industrial Properties (NYSE:IIPR)


Innovative Industrial Properties (NYSE:IIPR) is the top industrial reit stock with a Zen Score of 56, which is 25 points higher than the industrial reit industry average of 31. It passed 20 out of 38 due diligence checks and has strong fundamentals. Innovative Industrial Properties has seen its stock lose -13.26% over the past year, underperforming other industrial reit stocks by -10 percentage points.

Innovative Industrial Properties has an average 1 year price target of $85.00, an upside of 9.65% from Innovative Industrial Properties's current stock price of $77.52.

Innovative Industrial Properties stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Innovative Industrial Properties, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Public Storage (NYSE:PSA)


Public Storage (NYSE:PSA) is the second best industrial reit stock with a Zen Score of 43, which is 12 points higher than the industrial reit industry average of 31. It passed 16 out of 38 due diligence checks and has strong fundamentals. Public Storage has seen its stock lose -7.83% over the past year, underperforming other industrial reit stocks by -5 percentage points.

Public Storage has an average 1 year price target of $314.00, an upside of 18.5% from Public Storage's current stock price of $264.98.

Public Storage stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Public Storage, 83.33% have issued a Strong Buy rating, 0% have issued a Buy, 16.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Global Self Storage (NASDAQ:SELF)


Global Self Storage (NASDAQ:SELF) is the third best industrial reit stock with a Zen Score of 43, which is 12 points higher than the industrial reit industry average of 31. It passed 14 out of 38 due diligence checks and has strong fundamentals. Global Self Storage has seen its stock lose -12.36% over the past year, underperforming other industrial reit stocks by -9 percentage points.

Global Self Storage has an average 1 year price target of $7.00, an upside of 45.23% from Global Self Storage's current stock price of $4.82.

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.

What are the industrial reit stocks with highest dividends?

Out of 15 industrial reit stocks that have issued dividends in the past year, the 3 industrial reit stocks with the highest dividend yields are:

1. Innovative Industrial Properties (NYSE:IIPR)


Innovative Industrial Properties (NYSE:IIPR) has an annual dividend yield of 9.29%, which is 5 percentage points higher than the industrial reit industry average of 4.35%. 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 126.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. National Storage Affiliates Trust (NYSE:NSA)


National Storage Affiliates Trust (NYSE:NSA) has an annual dividend yield of 6.96%, which is 3 percentage points higher than the industrial reit industry average of 4.35%. National Storage Affiliates Trust's dividend payout is stable, having never dropped by more than 10% in the last 10 years. National Storage Affiliates Trust's dividend has shown consistent growth over the last 10 years.

National Storage Affiliates Trust's dividend payout ratio of 204.6% indicates that its high dividend yield might not be sustainable for the long-term.

3. Global Self Storage (NASDAQ:SELF)


Global Self Storage (NASDAQ:SELF) has an annual dividend yield of 6.02%, which is 2 percentage points higher than the industrial reit industry average of 4.35%. Global Self Storage's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Global Self Storage's dividend has shown consistent growth over the last 10 years.

Global Self Storage's dividend payout ratio of 111.5% indicates that its high dividend yield might not be sustainable for the long-term.

Why are industrial reit stocks down?

Industrial reit stocks were down -0.35% in the last day, and down -5.32% over the last week.

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

What are the most undervalued industrial reit stocks?

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

1. Innovative Industrial Properties (NYSE:IIPR)


Innovative Industrial Properties (NYSE:IIPR) is the most undervalued industrial reit stock based on WallStreetZen's Valuation Score. Innovative Industrial Properties has a valuation score of 57, which is 33 points higher than the industrial reit industry average of 24. It passed 4 out of 7 valuation due diligence checks.

Innovative Industrial Properties's stock has dropped -13.26% in the past year. It has underperformed other stocks in the industrial reit industry by -10 percentage points.

2. Global Self Storage (NASDAQ:SELF)


Global Self Storage (NASDAQ:SELF) is the second most undervalued industrial reit stock based on WallStreetZen's Valuation Score. Global Self Storage has a valuation score of 57, which is 33 points higher than the industrial reit industry average of 24. It passed 4 out of 7 valuation due diligence checks.

Global Self Storage's stock has dropped -12.36% in the past year. It has underperformed other stocks in the industrial reit industry by -9 percentage points.

3. Industrial Logistics Properties Trust (NASDAQ:ILPT)


Industrial Logistics Properties Trust (NASDAQ:ILPT) is the third most undervalued industrial reit stock based on WallStreetZen's Valuation Score. Industrial Logistics Properties Trust has a valuation score of 43, which is 19 points higher than the industrial reit industry average of 24. It passed 3 out of 7 valuation due diligence checks.

Industrial Logistics Properties Trust's stock has dropped -51.87% in the past year. It has underperformed other stocks in the industrial reit industry by -49 percentage points.

Are industrial reit stocks a good buy now?

40% of industrial reit stocks rated by analysts are a buy right now. On average, analysts expect industrial reit stocks to rise by 18.81% over the next year.

What is the average p/e ratio of the reit - industrial industry?

The average P/E ratio of the reit - industrial industry is 21.77x.
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