Sectors & IndustriesReal EstateREIT - Industrial

Best Industrial REIT Stocks to Buy Now (2025)

Top industrial reit stocks in 2025 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +32.52% per year, and are the best industrial reit stocks to buy now. Learn More.

According to Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best industrial reit stocks to buy right now are:

Industrial Logistics Properties Trust (NASDAQ:ILPT) is the #1 top industrial reit stock out of 19 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year. Learn more.

The Component Grade breakdown for Industrial Logistics Properties Trust (NASDAQ:ILPT) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: B, Financials: C, and AI: C.

Industrial Logistics Properties Trust (NASDAQ:ILPT) has a Due Diligence Score of 10, which is -17 points lower than the industrial reit industry average of 27.

ILPT passed 3 out of 38 due diligence checks and has weak fundamentals. Industrial Logistics Properties Trust has seen its stock return 51.92% over the past year, overperforming other industrial reit stocks by 66 percentage points.

Terreno Realty (NYSE:TRNO) is the #2 top industrial reit stock out of 19 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year. Learn more.

The Component Grade breakdown for Terreno Realty (NYSE:TRNO) is: Value: C, Growth: C, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: C.

Terreno Realty (NYSE:TRNO) has a Due Diligence Score of 47, which is 20 points higher than the industrial reit industry average of 27.

TRNO passed 17 out of 38 due diligence checks and has strong fundamentals. Terreno Realty has seen its stock lose -1% over the past year, overperforming other industrial reit stocks by 13 percentage points.

Terreno Realty has an average 1 year price target of $64.13, an upside of 4.8% from Terreno Realty's current stock price of $61.19.

Terreno Realty stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Terreno Realty, 37.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

First Industrial Realty Trust (NYSE:FR) is the #3 top industrial reit stock out of 19 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year. Learn more.

The Component Grade breakdown for First Industrial Realty Trust (NYSE:FR) is: Value: C, Growth: F, Momentum: C, Sentiment: A, Safety: B, Financials: C, and AI: C.

First Industrial Realty Trust (NYSE:FR) has a Due Diligence Score of 23, which is -4 points lower than the industrial reit industry average of 27.

FR passed 8 out of 38 due diligence checks and has weak fundamentals. First Industrial Realty Trust has seen its stock return 4.53% over the past year, overperforming other industrial reit stocks by 19 percentage points.

First Industrial Realty Trust has an average 1 year price target of $58.43, an upside of 4.23% from First Industrial Realty Trust's current stock price of $56.06.

First Industrial Realty Trust stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering First Industrial Realty Trust, 14.29% have issued a Strong Buy rating, 28.57% have issued a Buy, 57.14% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 17 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 15.17%, which is 10 percentage points higher than the industrial reit industry average of 4.88%. 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 177.6% indicates that its high dividend yield might not be sustainable for the long-term.

Americold Realty Trust (NYSE:COLD) has an annual dividend yield of 8.49%, which is 4 percentage points higher than the industrial reit industry average of 4.88%. Americold Realty Trust's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Americold Realty Trust's dividend has shown consistent growth over the last 10 years.

Americold Realty Trust's dividend payout ratio of -413.6% 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 7.79%, which is 3 percentage points higher than the industrial reit industry average of 4.88%. 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 373.8% indicates that its high dividend yield might not be sustainable for the long-term.

Industrial reit stocks were down -0.39% in the last day, and down -0.07% over the last week.

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

Based on the Valuation rating, one of the 7 components of a stocks overall Zen Ratings grade, which evaluates factors including estimated earnings yield, earnings before interest and taxes/enterprise value, cash flow yield, free cash flow to price, and price-to-earnings growth (PEG ratio), the 3 most undervalued industrial reit stocks right now are:

Innovative Industrial Properties (NYSE:IIPR) is the most undervalued industrial reit stock based on its Valuation Rating of C. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Innovative Industrial Properties has a valuation score of 43, which is 17 points higher than the industrial reit industry average of 26. It passed 3 out of 7 valuation due diligence checks.

Innovative Industrial Properties's stock has dropped -51.4% in the past year. It has underperformed other stocks in the industrial reit industry by -37 percentage points.

Cubesmart (NYSE:CUBE) is the second most undervalued industrial reit stock based on its Valuation Rating of C. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Cubesmart has a valuation score of 29, which is 3 points higher than the industrial reit industry average of 26. It passed 2 out of 7 valuation due diligence checks.

Cubesmart's stock has dropped -24.65% in the past year. It has underperformed other stocks in the industrial reit industry by -11 percentage points.

Granite Real Estate Investment Trust (NYSE:GRP.U) is the third most undervalued industrial reit stock based on its Valuation Rating of C. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Granite Real Estate Investment Trust has a valuation score of 14, which is -12 points higher than the industrial reit industry average of 26. It passed 1 out of 7 valuation due diligence checks.

Granite Real Estate Investment Trust's stock has gained 6.98% in the past year. It has overperformed other stocks in the industrial reit industry by 21 percentage points.

58.82% of industrial reit stocks rated by analysts are a buy right now. On average, analysts expect industrial reit stocks to rise by 13.62% over the next year.

0% of industrial reit stocks have a Zen Rating of A (Strong Buy), 0% of industrial reit stocks are rated B (Buy), 70.59% are rated C (Hold), 29.41% are rated D (Sell), and 0% are rated F (Strong Sell).