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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
$2.92B8.73%124.10%$1.8200$9.0491%02024-04-15
NSA
NATIONAL STORAGE AFFILIATES TRUST
$3.13B5.72%141.10%$0.5600$2.2483%02024-03-29
SELF
GLOBAL SELF STORAGE INC
$49.60M6.52%111.50%$0.0725$0.2987%0
EGP
EASTGROUP PROPERTIES INC
$8.62B3.51%113.80%$1.2700$6.3163%02024-04-15
CUBE
CUBESMART
$10.17B5.51%108.80%$0.5100$2.4982%02024-04-15
STAG
STAG INDUSTRIAL INC
$6.99B4.15%137.50%$0.1233$1.5971%02024-04-15
REXR
REXFORD INDUSTRIAL REALTY INC
$10.82B3.85%135.70%$0.4175$1.9468%12024-04-15
TRNO
TERRENO REALTY CORP
$5.84B3.24%93.90%$0.4500$2.1559%02024-04-05
FR
FIRST INDUSTRIAL REALTY TRUST INC
$6.95B3.14%61.50%$0.3700$1.6557%02024-04-15
EXR
EXTRA SPACE STORAGE INC
$31.10B4.41%136.70%$1.6200$6.4873%22024-03-29
PLD
PROLOGIS INC
$120.44B2.74%105.50%$0.9600$3.5752%02024-03-29
LXP
LXP INDUSTRIAL TRUST
$2.65B7.04%631.20%$0.1300$0.6488%12024-04-15
PLYM
PLYMOUTH INDUSTRIAL REIT INC
$1.02B5.07%450.00%$0.2400$1.1479%12024-04-30
PSA
PUBLIC STORAGE
$50.96B1.03%108.00%$3.0000$3.0020%1
ILPT
INDUSTRIAL LOGISTICS PROPERTIES TRUST
$282.46M0.93%-2.40%$0.0100$0.0418%1
GRP.U
GRANITE REAL ESTATE INVESTMENT TRUST
$3.63BN/AN/A$0.1984N/AN/A5
COLD
AMERICOLD REALTY TRUST
$7.07BN/A-37.30%$0.2200N/AN/A0

Industrial REIT Stocks FAQ

What are the best industrial reit stocks to buy right now in Mar 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 51, which is 18 points higher than the industrial reit industry average of 33. It passed 18 out of 38 due diligence checks and has strong fundamentals. Innovative Industrial Properties has seen its stock return 38.02% over the past year, overperforming other industrial reit stocks by 32 percentage points.

Innovative Industrial Properties has an average 1 year price target of $101.50, a downside of -1.97% from Innovative Industrial Properties's current stock price of $103.54.

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. National Storage Affiliates Trust (NYSE:NSA)


National Storage Affiliates Trust (NYSE:NSA) is the second best industrial reit stock with a Zen Score of 45, which is 12 points higher than the industrial reit industry average of 33. It passed 16 out of 38 due diligence checks and has strong fundamentals. National Storage Affiliates Trust has seen its stock lose -0.79% over the past year, underperforming other industrial reit stocks by -7 percentage points.

National Storage Affiliates Trust has an average 1 year price target of $38.40, a downside of -1.94% from National Storage Affiliates Trust's current stock price of $39.16.

National Storage Affiliates Trust stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering National Storage Affiliates Trust, 20% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a hold, while 20% have issued a Sell rating, and 20% 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 45, which is 12 points higher than the industrial reit industry average of 33. It passed 15 out of 38 due diligence checks and has strong fundamentals. Global Self Storage has seen its stock lose -13.93% over the past year, underperforming other industrial reit stocks by -20 percentage points.

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 8.73%, which is 4 percentage points higher than the industrial reit industry average of 4.37%. 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 124.1% 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 7.04%, which is 3 percentage points higher than the industrial reit industry average of 4.37%. 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 631.2% 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 6.52%, which is 2 percentage points higher than the industrial reit industry average of 4.37%. 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 up?

Industrial reit stocks were up 0.69% in the last day, and up 1.34% over the last week.

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

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 37 points higher than the industrial reit industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Innovative Industrial Properties's stock has gained 38.02% in the past year. It has overperformed other stocks in the industrial reit industry by 32 percentage points.

2. National Storage Affiliates Trust (NYSE:NSA)


National Storage Affiliates Trust (NYSE:NSA) is the second most undervalued industrial reit stock based on WallStreetZen's Valuation Score. National Storage Affiliates Trust has a valuation score of 57, which is 23 points higher than the industrial reit industry average of 34. It passed 4 out of 7 valuation due diligence checks.

National Storage Affiliates Trust's stock has dropped -0.79% in the past year. It has underperformed other stocks in the industrial reit industry by -7 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 57, which is 23 points higher than the industrial reit industry average of 34. It passed 4 out of 7 valuation due diligence checks.

Global Self Storage's stock has dropped -13.93% in the past year. It has underperformed other stocks in the industrial reit industry by -20 percentage points.

Are industrial reit stocks a good buy now?

50% of industrial reit stocks rated by analysts are a buy right now. On average, analysts expect industrial reit stocks to rise by 3.78% 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 33.64x.
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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.