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Sectors & IndustriesReal EstateREIT - Industrial
Best Industrial REIT Stocks to Buy Now (2024)
Top industrial reit stocks in 2024 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
$3.02B6.79%126.10%$1.8200$7.2487%02024-06-282024-07-15
CUBE
CUBESMART
$9.95B4.52%110.50%$0.5100$2.0076%02024-07-012024-07-15
EGP
EASTGROUP PROPERTIES INC
$7.99B3.05%109.30%$1.2700$5.0656%02024-06-282024-07-15
TRNO
TERRENO REALTY CORP
$5.61B3.02%91.10%$0.4500$1.7556%02024-06-282024-07-12
NSA
NATIONAL STORAGE AFFILIATES TRUST
$3.06B5.48%113.10%$0.5600$2.2482%02024-06-28
PLYM
PLYMOUTH INDUSTRIAL REIT INC
$950.75M4.37%208.00%$0.2400$0.9274%12024-06-282024-07-31
REXR
REXFORD INDUSTRIAL REALTY INC
$9.76B3.47%142.90%$0.4175$1.5662%12024-06-282024-07-15
PLD
PROLOGIS INC
$103.96B2.40%104.10%$0.9600$2.7048%02024-06-172024-06-28
FR
FIRST INDUSTRIAL REALTY TRUST INC
$6.28B2.80%61.00%$0.3700$1.3353%02024-06-282024-07-15
STAG
STAG INDUSTRIAL INC
$6.37B3.86%147.30%$0.1233$1.3567%02024-06-282024-06-17
SELF
GLOBAL SELF STORAGE INC
$55.74M4.39%161.10%$0.0725$0.2274%02024-06-172024-06-28
EXR
EXTRA SPACE STORAGE INC
$33.15B4.14%146.30%$1.6200$6.4871%22024-06-28
LXP
LXP INDUSTRIAL TRUST
$2.59B5.80%1,275.00%$0.1300$0.5183%1
PSA
PUBLIC STORAGE
$49.77BN/A81.40%$3.0000N/AN/A1
GRP.U
GRANITE REAL ESTATE INVESTMENT TRUST
$3.05BN/AN/A$0.1984N/AN/A5
ILPT
INDUSTRIAL LOGISTICS PROPERTIES TRUST
$248.18M1.06%-2.40%$0.0100$0.0420%1
COLD
AMERICOLD REALTY TRUST
$7.24BN/A-19.10%$0.2200N/AN/A0

Industrial REIT Stocks FAQ

What are the best industrial reit stocks to buy right now in Jun 2024?

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 63, which is 31 points higher than the industrial reit industry average of 32. It passed 23 out of 38 due diligence checks and has strong fundamentals. Innovative Industrial Properties has seen its stock return 46.74% over the past year, overperforming other industrial reit stocks by 47 percentage points.

Innovative Industrial Properties has an average 1 year price target of $101.50, a downside of -4.8% from Innovative Industrial Properties's current stock price of $106.62.

Innovative Industrial Properties stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 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. Cubesmart (NYSE:CUBE)


Cubesmart (NYSE:CUBE) is the second best industrial reit stock with a Zen Score of 48, which is 16 points higher than the industrial reit industry average of 32. It passed 17 out of 38 due diligence checks and has strong fundamentals. Cubesmart has seen its stock return 1.12% over the past year, overperforming other industrial reit stocks by 1 percentage points.

Cubesmart has an average 1 year price target of $46.63, an upside of 5.41% from Cubesmart's current stock price of $44.23.

Cubesmart stock has a consensus Hold recommendation according to Wall Street analysts. Of the 8 analysts covering Cubesmart, 12.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 62.5% have issued a hold, while 0% have issued a Sell rating, and 12.5% have issued a Strong Sell.

3. Eastgroup Properties (NYSE:EGP)


Eastgroup Properties (NYSE:EGP) is the third best industrial reit stock with a Zen Score of 45, which is 13 points higher than the industrial reit industry average of 32. It passed 18 out of 38 due diligence checks and has strong fundamentals. Eastgroup Properties has seen its stock lose -4.62% over the past year, underperforming other industrial reit stocks by -5 percentage points.

Eastgroup Properties has an average 1 year price target of $181.40, an upside of 9.37% from Eastgroup Properties's current stock price of $165.86.

Eastgroup Properties stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Eastgroup Properties, 20% have issued a Strong Buy rating, 20% have issued a Buy, 60% 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 14 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 6.79%, which is 3 percentage points higher than the industrial reit industry average of 3.94%. 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. Lxp Industrial Trust (NYSE:LXP)


Lxp Industrial Trust (NYSE:LXP) has an annual dividend yield of 5.8%, which is 2 percentage points higher than the industrial reit industry average of 3.94%. Lxp Industrial Trust's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Lxp Industrial Trust's dividend has not shown consistent growth over the last 10 years.

Lxp Industrial Trust's dividend payout ratio of 1,275% 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 5.48%, which is 2 percentage points higher than the industrial reit industry average of 3.94%. 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 113.1% 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 -0.33% in the last day, and up 2.14% 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 47 points higher than the industrial reit industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Innovative Industrial Properties's stock has gained 46.74% in the past year. It has overperformed other stocks in the industrial reit industry by 47 percentage points.

2. Terreno Realty (NYSE:TRNO)


Terreno Realty (NYSE:TRNO) is the second most undervalued industrial reit stock based on WallStreetZen's Valuation Score. Terreno Realty 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.

Terreno Realty's stock has dropped -0.63% in the past year. It has underperformed other stocks in the industrial reit industry by -1 percentage points.

3. Global Self Storage (NASDAQ:SELF)


Global Self Storage (NASDAQ:SELF) is the third most undervalued industrial reit stock based on WallStreetZen's Valuation Score. Global Self Storage 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.

Global Self Storage's stock has dropped -2.37% in the past year. It has underperformed other stocks in the industrial reit industry by -2 percentage points.

Are industrial reit stocks a good buy now?

42.86% of industrial reit stocks rated by analysts are a buy right now. On average, analysts expect industrial reit stocks to rise by 7.81% 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 31.16x.
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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.