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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
Ticker
Company
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
IIPR
INNOVATIVE INDUSTRIAL PROPERTIES INC
$2.00B10.04%126.10%$1.8000$7.1592%0
NSA
NATIONAL STORAGE AFFILIATES TRUST
$3.28B5.93%211.50%$0.5500$2.2082%02023-06-142023-06-30
TRNO
TERRENO REALTY CORP
$5.11B2.51%58.30%$0.4000$1.5446%02023-06-292023-07-14
SELF
GLOBAL SELF STORAGE INC
$56.95M5.53%112.80%$0.0725$0.2880%02023-06-142023-06-30
PSA
PUBLIC STORAGE
$51.02B7.63%93.70%$3.0000$22.1588%12023-06-132023-06-29
PLD
PROLOGIS INC
$115.35B2.59%100.30%$0.8700$3.2447%02023-06-152023-06-30
EGP
EASTGROUP PROPERTIES INC
$7.67B2.81%125.60%$1.2500$4.8551%02023-06-292023-07-14
REXR
REXFORD INDUSTRIAL REALTY INC
$10.65B2.50%139.50%$0.3800$1.3346%12023-06-292023-07-17
STAG
STAG INDUSTRIAL INC
$6.51B4.03%149.30%$0.1225$1.4667%12023-06-292023-06-15
FR
FIRST INDUSTRIAL REALTY TRUST INC
$6.97B2.29%42.00%$0.3200$1.2142%02023-06-292023-07-17
CUBE
CUBESMART
$10.04B4.12%118.70%$0.4900$1.8468%02023-06-302023-07-17
LSI
LIFE STORAGE INC
$10.99B3.53%105.60%$1.2000$4.5661%2
EXR
EXTRA SPACE STORAGE INC
$19.74B4.19%96.20%$1.6200$6.1269%02023-06-142023-06-30
ILPT
INDUSTRIAL LOGISTICS PROPERTIES TRUST
$127.85M2.05%-1.10%$0.0100$0.0438%1
PLYM
PLYMOUTH INDUSTRIAL REIT INC
$964.75M3.95%-158.00%$0.2250$0.8966%1
LAND
GLADSTONE LAND CORP
$619.28M3.17%-119.30%$0.0460$0.5556%12023-06-202023-06-30
COLD
AMERICOLD REALTY TRUST
$8.02B0.74%-2,200.00%$0.2200$0.2211%0
GRP.U
GRANITE REAL ESTATE INVESTMENT TRUST
$3.94BN/AN/A$0.1984N/AN/A5

Industrial REIT Stocks FAQ

What are the best industrial reit stocks to buy right now in Jun 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 53, which is 20 points higher than the industrial reit industry average of 33. It passed 19 out of 38 due diligence checks and has strong fundamentals. Innovative Industrial Properties has seen its stock lose -46.94% over the past year, underperforming other industrial reit stocks by -38 percentage points.

Innovative Industrial Properties has an average 1 year price target of $109.75, an upside of 54.1% from Innovative Industrial Properties's current stock price of $71.22.

Innovative Industrial Properties stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Innovative Industrial Properties, 75% have issued a Strong Buy rating, 0% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. National Storage Affiliates Trust (NYSE:NSA)


National Storage Affiliates Trust (NYSE:NSA) is the second best industrial reit stock with a Zen Score of 49, which is 16 points higher than the industrial reit industry average of 33. It passed 18 out of 38 due diligence checks and has strong fundamentals. National Storage Affiliates Trust has seen its stock lose -25.07% over the past year, underperforming other industrial reit stocks by -16 percentage points.

National Storage Affiliates Trust has an average 1 year price target of $40.00, an upside of 7.82% from National Storage Affiliates Trust's current stock price of $37.10.

National Storage Affiliates Trust stock has a consensus Sell recommendation according to Wall Street analysts. Of the 2 analysts covering National Storage Affiliates Trust, 0% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 50% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Terreno Realty (NYSE:TRNO)


Terreno Realty (NYSE:TRNO) is the third best industrial reit stock with a Zen Score of 47, which is 14 points higher than the industrial reit industry average of 33. It passed 17 out of 38 due diligence checks and has strong fundamentals. Terreno Realty has seen its stock return 1.29% over the past year, overperforming other industrial reit stocks by 10 percentage points.

Terreno Realty has an average 1 year price target of $71.00, an upside of 15.67% from Terreno Realty's current stock price of $61.38.

Terreno Realty stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Terreno Realty, 0% have issued a Strong Buy rating, 100% 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 16 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 10.04%, which is 6 percentage points higher than the industrial reit industry average of 3.98%. 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 126.1% indicates that its high dividend yield might not be sustainable for the long-term.

2. Public Storage (NYSE:PSA)


Public Storage (NYSE:PSA) has an annual dividend yield of 7.63%, which is 4 percentage points higher than the industrial reit industry average of 3.98%. 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 93.7% indicates that its high dividend yield might not be sustainable for the long-term.

3. National Storage Affiliates Trust (NYSE:NSA)


National Storage Affiliates Trust (NYSE:NSA) has an annual dividend yield of 5.93%, which is 2 percentage points higher than the industrial reit industry average of 3.98%. 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 211.5% 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 -1.26% in the last day, and up 2.89% 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 71, which is 35 points higher than the industrial reit industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Innovative Industrial Properties's stock has dropped -46.94% in the past year. It has underperformed other stocks in the industrial reit industry by -38 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 71, which is 35 points higher than the industrial reit industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Global Self Storage's stock has dropped -14.83% in the past year. It has underperformed other stocks in the industrial reit industry by -6 percentage points.

3. National Storage Affiliates Trust (NYSE:NSA)


National Storage Affiliates Trust (NYSE:NSA) is the third most undervalued industrial reit stock based on WallStreetZen's Valuation Score. National Storage Affiliates Trust has a valuation score of 57, which is 21 points higher than the industrial reit industry average of 36. It passed 4 out of 7 valuation due diligence checks.

National Storage Affiliates Trust's stock has dropped -25.07% in the past year. It has underperformed other stocks in the industrial reit industry by -16 percentage points.

Are industrial reit stocks a good buy now?

47.06% of industrial reit stocks rated by analysts are a buy right now. On average, analysts expect industrial reit stocks to rise by 17.99% 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 -16.13x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.