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U.S. Industrial REITs Industry Analysis

UpdatedJun 24, 2026
DataAggregated Company Financials
Companies14
  • 7D-0.7%
  • 3M11.3%
  • 1Y23.1%
  • YTD11.0%

In the last week, Industrial REITs has been flat. As for the the longer term, the industry is up 23% over the past 12 months. As for the next few years, earnings are expected to grow by 1.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Jun 2026US$199.3bUS$22.5bUS$5.2b27.6x38.6x8.9x
Fri, 22 May 2026US$200.6bUS$22.8bUS$5.3b24.2x37.5x8.8x
Sun, 19 Apr 2026US$200.8bUS$22.7bUS$5.3b27.8x38.2x8.8x
Tue, 17 Mar 2026US$183.4bUS$22.4bUS$4.9b25.9x37.7x8.2x
Thu, 12 Feb 2026US$194.9bUS$22.1bUS$4.6b29x42.1x8.8x
Sat, 10 Jan 2026US$182.5bUS$22.1bUS$4.6b26.7x39.4x8.2x
Mon, 08 Dec 2025US$181.1bUS$22.1bUS$4.6b26x39.2x8.2x
Wed, 05 Nov 2025US$178.2bUS$22.1bUS$4.2b25.7x42.5x8.1x
Fri, 03 Oct 2025US$169.3bUS$21.9bUS$4.4b25.2x38.5x7.7x
Sun, 31 Aug 2025US$167.5bUS$21.8bUS$4.4b27.6x38.3x7.7x
Tue, 29 Jul 2025US$162.6bUS$21.7bUS$4.2b27.6x38.8x7.5x
Thu, 26 Jun 2025US$162.5bUS$21.5bUS$4.4b26.6x36.6x7.6x
Sat, 24 May 2025US$156.9bUS$21.5bUS$4.4b26x35.4x7.3x
Mon, 21 Apr 2025US$156.0bUS$21.5bUS$4.3b26.8x36x7.2x
Wed, 19 Mar 2025US$175.1bUS$21.3bUS$4.3b31.5x40.4x8.2x
Fri, 14 Feb 2025US$178.4bUS$21.3bUS$4.0b35x44.4x8.4x
Sun, 12 Jan 2025US$157.5bUS$20.9bUS$3.3b32x47x7.5x
Tue, 10 Dec 2024US$172.0bUS$20.9bUS$3.3b36x51.4x8.2x
Thu, 07 Nov 2024US$180.2bUS$20.9bUS$3.8b36.1x46.9x8.6x
Sat, 05 Oct 2024US$191.0bUS$20.7bUS$3.6b39.4x53.7x9.2x
Mon, 02 Sep 2024US$200.6bUS$20.7bUS$3.6b41x56.4x9.7x
Wed, 31 Jul 2024US$196.1bUS$20.6bUS$3.6b41x55.1x9.5x
Fri, 28 Jun 2024US$155.0bUS$15.6bUS$4.0b35.3x38.3x9.9x
Sun, 26 May 2024US$148.7bUS$15.6bUS$4.0b34.3x36.8x9.5x
Tue, 23 Apr 2024US$145.7bUS$15.6bUS$4.0b34.1x36.2x9.4x
Thu, 21 Mar 2024US$173.2bUS$15.4bUS$3.9b38.1x44.6x11.3x
Sat, 17 Feb 2024US$180.6bUS$15.4bUS$4.1b36.9x44.1x11.7x
Mon, 15 Jan 2024US$179.8bUS$15.2bUS$4.0b38.8x44.8x11.8x
Wed, 13 Dec 2023US$168.6bUS$15.2bUS$4.0b36.9x42.1x11.1x
Fri, 10 Nov 2023US$147.4bUS$15.2bUS$4.0b31.7x36.8x9.7x
Sun, 08 Oct 2023US$152.0bUS$15.0bUS$4.3b31.7x35.6x10.1x
Tue, 05 Sep 2023US$172.3bUS$15.0bUS$4.3b35.1x40.4x11.5x
Thu, 03 Aug 2023US$169.8bUS$15.0bUS$4.4b33.3x38.4x11.3x
Sat, 01 Jul 2023US$168.8bUS$13.8bUS$3.8b26.5x44.7x12.3x
Price to Earnings Ratio

44.7x


Total Market Cap: US$168.8bTotal Earnings: US$3.8bTotal Revenue: US$13.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrial REITs Industry Price to Earnings3Y Average 41.7x202420252026
Current Industry PE
  • Investors are pessimistic on the American Industrial REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 38.6x which is lower than its 3-year average PE of 41.7x.
  • The industry is trading close to its 3-year average PS ratio of 9.2x.
Past Earnings Growth
  • The earnings for companies in the Industrial REITs industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 18% 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 Market-2.31%
Real Estate-0.21%
Industrial REITs-0.70%
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
FR First Industrial Realty TrustUS$63.631.3%
+US$108.7m		26.0%PB3.1x
STAG STAG IndustrialUS$38.881.1%
+US$82.2m		5.7%PB2.1x
EGP EastGroup PropertiesUS$204.890.5%
+US$52.1m		17.9%PB3.1x
IIPR Innovative Industrial PropertiesUS$60.661.8%
+US$30.5m		3.0%PB1x
LXP LXP Industrial TrustUS$54.290.4%
+US$11.8m		24.1%PB1.7x

Latest News

REXR
US$33.68
Rexford Industrial Realty
7D
-2.2%
1Y
-9.4%
EGP
US$204.89
EastGroup Properties
7D
0.5%
1Y
17.9%
STAG
US$38.88
STAG Industrial
7D
1.1%
1Y
5.7%
COLD
US$14.10
Americold Realty Trust
7D
-3.6%
1Y
-18.8%
FR
US$63.63
First Industrial Realty Trust
7D
1.3%
1Y
26.0%
Narrative Update • Jun 23

FR: Leasing Tailwinds And Activist Pressure Will Shape A Balanced Outlook

Analysts have slightly raised their price target for First Industrial Realty Trust to about $67.88 from roughly $66.87. This change reflects updated assumptions for fair value, discount rate, margin profile, and future P/E expectations.
PLD
US$145.25
Prologis
7D
-0.6%
1Y
34.3%
IIPR
US$60.66
Innovative Industrial Properties
7D
1.8%
1Y
3.0%
Narrative Update • Jun 22

IIPR: Fair Value View Will Hinge On Life Sciences Shift And Buybacks

Analysts have raised their price target for Innovative Industrial Properties to $61.75 from $58.75, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What’s in the News for Innovative Industrial Properties Innovative Industrial Properties reported first quarter 2026 results that exceeded expectations for AFFO and revenue, supported by leasing momentum and income from its growing life sciences investment through IQHQ.
TRNO
US$65.65
Terreno Realty
7D
-1.0%
1Y
11.9%
LXP
US$54.29
LXP Industrial Trust
7D
0.4%
1Y
24.1%
Analysis Article • Jun 19

LXP Industrial Trust (LXP) Stock Could Be 1% Undervalued As Debt Progress Supports The Narrative

LXP Industrial Trust (LXP) has drawn fresh attention after its recent share price move, with the stock showing gains over the month and the past 3 months. Investors are reassessing the REIT’s warehouse focused portfolio. See our latest analysis for LXP Industrial Trust. At a latest share price of $53.18, LXP Industrial Trust has built momentum, with a 30 day share price return of 3.30% and a 90 day share price return of 14.22%, while the 1 year total shareholder return of 30.01% points to a...
LINE
US$40.82
Lineage
7D
-4.7%
1Y
-11.8%
OLP
US$24.65
One Liberty Properties
7D
1.0%
1Y
-2.6%
Seeking Alpha • Jun 17

One Liberty Properties: The Value Play In Industrial

Summary One Liberty Properties has transitioned from a diversified REIT to a pure-play industrial REIT focused on fungible logistics warehouses. OLP executed a methodical asset rotation, selling retail at favorable cap rates and acquiring logistics assets with strong lease escalators and low capex. Despite flat AFFO/share in 2026 due to transition headwinds, OLP is positioned for moderate AFFO/share growth from 2027 onward. At 12.2X AFFO, OLP trades below industrial REIT peers; I see 22% upside to fair value and a 7.5% yield as the market recognizes its transformation. Read the full article on Seeking Alpha
ILPT
US$8.68
Industrial Logistics Properties Trust
7D
0.3%
1Y
89.1%
Narrative Update • Jun 10

ILPT: Fine Tuned Earnings Assumptions Will Shape Balanced Future Return Potential

Analyst price targets for Industrial Logistics Properties Trust have been lifted from $8 to $9.50, then adjusted again to $9.50 from $9, as analysts point to updated assumptions around earnings power and valuation multiples while leaving fair value and key model inputs broadly unchanged. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price targets as a reflection of confidence in the trust's earnings power, even with only modest tweaks to core assumptions.