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 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.

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.

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.

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 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.

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.

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.

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.

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

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.

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.

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.