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U.S. Industrial REITs Industry Analysis

UpdatedAug 09, 2026
DataAggregated Company Financials
Companies14
  • 7D-2.6%
  • 3M-0.9%
  • 1Y26.6%
  • YTD9.2%

Over the last 7 days, the Industrial REITs industry has dropped 2.6%, driven by Prologis declining 3.1%. Meanwhile, Americold Realty Trust actually outperformed within the industry, gaining 6.2% in the last week. Over the past 12 months, the industry was up 27%. Earnings are forecast to grow by 4.3% annually.

Industry Valuation and Performance

Has the U.S. Industrial REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Aug 2026US$200.6bUS$22.8bUS$4.7b23.2x43x8.8x
Tue, 07 Jul 2026US$198.0bUS$22.5bUS$5.2b27.5x38.3x8.8x
Thu, 04 Jun 2026US$195.6bUS$22.8bUS$5.3b23.4x36.6x8.6x
Sat, 02 May 2026US$196.4bUS$22.7bUS$5.4b24.1x36.6x8.6x
Mon, 30 Mar 2026US$178.2bUS$22.4bUS$4.9b25.2x36.6x8x
Wed, 25 Feb 2026US$194.5bUS$22.1bUS$4.6b27x42.1x8.8x
Fri, 23 Jan 2026US$184.9bUS$21.8bUS$4.7b26.4x38.9x8.5x
Sun, 21 Dec 2025US$180.5bUS$22.1bUS$4.6b27.1x39x8.2x
Tue, 18 Nov 2025US$174.9bUS$22.1bUS$4.6b24.5x37.8x7.9x
Thu, 16 Oct 2025US$168.3bUS$22.0bUS$4.2b26.2x40.5x7.6x
Sat, 13 Sep 2025US$168.8bUS$21.8bUS$4.4b27.2x38.6x7.8x
Mon, 11 Aug 2025US$155.7bUS$21.8bUS$4.4b25.6x35.6x7.2x
Wed, 09 Jul 2025US$158.3bUS$21.5bUS$4.4b27.2x35.7x7.4x
Fri, 06 Jun 2025US$160.6bUS$21.5bUS$4.4b27.2x36.2x7.5x
Sun, 04 May 2025US$157.9bUS$21.5bUS$4.5b26.1x35.4x7.3x
Tue, 01 Apr 2025US$169.7bUS$21.3bUS$4.3b30.9x39.1x8x
Thu, 27 Feb 2025US$182.2bUS$21.3bUS$4.2b35.1x42.9x8.5x
Sat, 25 Jan 2025US$176.3bUS$21.2bUS$4.0b34.5x44.1x8.3x
Mon, 23 Dec 2024US$159.9bUS$20.9bUS$3.3b33.1x47.7x7.7x
Wed, 20 Nov 2024US$175.6bUS$20.9bUS$3.3b36.2x52.4x8.4x
Fri, 18 Oct 2024US$196.5bUS$20.8bUS$3.8b37.2x51.1x9.4x
Sun, 15 Sep 2024US$202.4bUS$20.7bUS$3.6b41.4x56.9x9.8x
Tue, 13 Aug 2024US$194.4bUS$20.7bUS$3.6b39x53.8x9.4x
Thu, 11 Jul 2024US$159.9bUS$15.6bUS$4.0b36.8x39.6x10.2x
Sat, 08 Jun 2024US$154.8bUS$15.6bUS$4.0b34.3x38.3x9.9x
Mon, 06 May 2024US$149.3bUS$15.6bUS$4.0b35.4x37.1x9.6x
Wed, 03 Apr 2024US$173.8bUS$15.4bUS$3.9b39.1x44.7x11.3x
Fri, 01 Mar 2024US$179.2bUS$15.4bUS$3.9b39x46.1x11.7x
Sun, 28 Jan 2024US$174.2bUS$15.3bUS$4.1b38.2x43x11.4x
Tue, 26 Dec 2023US$181.4bUS$15.2bUS$4.0b39x45.3x12x
Thu, 23 Nov 2023US$154.3bUS$15.2bUS$4.0b34x38.5x10.2x
Sat, 21 Oct 2023US$142.4bUS$15.2bUS$4.0b30.4x35.9x9.4x
Mon, 18 Sep 2023US$169.9bUS$15.0bUS$4.3b34.7x39.8x11.3x
Wed, 16 Aug 2023US$168.3bUS$15.0bUS$4.3b33.9x39.4x11.2x
Price to Earnings Ratio

39.4x


Total Market Cap: US$168.3bTotal Earnings: US$4.3bTotal Revenue: US$15.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrial REITs Industry Price to Earnings3Y Average 41.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Industrial REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 41.5x.
  • The industry is trading close to its 3-year average PS ratio of 9.1x.
Past Earnings Growth
  • The earnings for companies in the Industrial REITs industry have grown 3.0% per year over the last three years.
  • Revenues for these companies have grown 15% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Real Estate industry?

US Market4.18%
Real Estate-0.43%
Industrial REITs-2.63%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
COLD Americold Realty TrustUS$14.966.2%
+US$250.8m		3.0%PB1.8x
ILPT Industrial Logistics Properties TrustUS$8.782.0%
+US$11.3m		53.8%PB1.3x
LXP LXP Industrial TrustUS$60.560.05%
+US$1.8m		50.6%PB1.9x

Latest News

TRNO
US$68.76
Terreno Realty
7D
-4.0%
1Y
27.9%
OLP
US$24.16
One Liberty Properties
7D
-0.6%
1Y
6.5%
COLD
US$14.96
Americold Realty Trust
7D
6.2%
1Y
3.0%
STAG
US$37.30
STAG Industrial
7D
-2.5%
1Y
7.7%
Seeking Alpha • Aug 07

STAG Industrial: Recent Sell-Off Made It A Buy

Summary STAG is upgraded to a buy after a 12.3% sell-off, improving its risk/reward profile and yield to ~4.2%. STAG now trades below 14x forward P/FFO, with potential for multiple expansion and double-digit total returns as market conditions improve. Recent Q2 results highlight strong leasing activity, nearly 20% cash rent change, 76% retention, and $287M in acquisitions with an 8.2-year weighted average lease term. Key risks remain slow DPS growth and ongoing industrial oversupply, but improved fundamentals and interest rates could drive better performance. Read the full article on Seeking Alpha
PLD
US$140.16
Prologis
7D
-3.1%
1Y
32.6%
REXR
US$36.74
Rexford Industrial Realty
7D
-2.7%
1Y
0.05%
Seeking Alpha • Aug 06

Rexford Industrial Realty Q2: Stable Balance Sheet And Credit Metrics, We Prefer Preferred Shares

Summary Rexford Industrial Realty remains a stable, investment-grade REIT with no significant changes in Q2 credit metrics. REXR common stock trades at a 1.14 P/B premium, with a forward AFFO yield of 5.21% and a “hold” rating. REXR preferred stocks (REXR.PR.B, REXR.PR.C) offer 6.4–6.6% yields, among the highest in investment-grade REIT peers. Preferreds trade below par with attractive spreads to Treasuries, making them suitable for low-risk, yield-focused investors. Read the full article on Seeking Alpha
ILPT
US$8.78
Industrial Logistics Properties Trust
7D
2.0%
1Y
53.8%
Narrative Update • Aug 06

ILPT: New Long-Term Leases And Portfolio Discount Will Drive Future Upside

Analysts have raised their price target on Industrial Logistics Properties Trust from about $9.65 to roughly $10.83. This change is supported by research citing the portfolio's financially stable tenants, net lease structure, and perceived discount to underlying asset value despite an overleveraged balance sheet, with one recent initiation setting a separate target at $11.50.
IIPR
US$59.16
Innovative Industrial Properties
7D
0.6%
1Y
29.1%
LXP
US$60.56
LXP Industrial Trust
7D
0.05%
1Y
50.6%
FR
US$63.63
First Industrial Realty Trust
7D
-3.4%
1Y
32.4%
EGP
US$202.74
EastGroup Properties
7D
-3.0%
1Y
25.8%
Narrative Update • Jul 28

EGP: Small Bay Occupancy And 2026 Demand Drivers Will Shape Fair Value

Analysts have nudged the fair value estimate for EastGroup Properties higher to $227.45 from $219.35, citing updated assumptions around revenue growth, profit margins, and future P/E multiples that align with a recent wave of higher Street price targets in the $206 to $268 range. Analyst Commentary Recent Street research around EastGroup Properties has clustered around higher price targets and generally positive views on execution, with a few voices urging more caution on valuation and future returns.