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U.S. Industrial REITs Industry Analysis

UpdatedDec 23, 2025
DataAggregated Company Financials
Companies14
  • 7D-2.2%
  • 3M7.7%
  • 1Y10.5%
  • YTD11.0%

Over the last 7 days, the Industrial REITs industry has dropped 2.2%, driven by Prologis declining 2.3%. In the past year, the industry has gained 11%. Looking forward, earnings are forecast to grow by 5.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025US$180.5bUS$22.1bUS$4.6b27x39x8.2x
Fri, 21 Nov 2025US$173.8bUS$22.1bUS$4.6b24.7x37.6x7.9x
Sun, 19 Oct 2025US$178.8bUS$22.1bUS$4.1b30.5x43.1x8.1x
Tue, 16 Sep 2025US$169.0bUS$21.8bUS$4.4b27x38.6x7.8x
Thu, 14 Aug 2025US$155.1bUS$21.8bUS$4.4b26x35.5x7.1x
Sat, 12 Jul 2025US$158.2bUS$21.5bUS$4.4b27.2x35.7x7.4x
Mon, 09 Jun 2025US$162.0bUS$21.5bUS$4.4b27.6x36.5x7.5x
Wed, 07 May 2025US$157.1bUS$21.5bUS$4.5b25.7x35.2x7.3x
Fri, 04 Apr 2025US$171.3bUS$21.3bUS$4.3b28.2x39.5x8x
Sun, 02 Mar 2025US$185.2bUS$21.3bUS$4.4b33.2x42.3x8.7x
Tue, 28 Jan 2025US$176.9bUS$21.2bUS$4.0b34.9x44.3x8.3x
Thu, 26 Dec 2024US$161.3bUS$20.9bUS$3.3b33.4x48.2x7.7x
Sat, 23 Nov 2024US$174.8bUS$20.9bUS$3.3b35.8x52.2x8.4x
Mon, 21 Oct 2024US$191.0bUS$20.8bUS$3.8b37.7x49.7x9.2x
Wed, 18 Sep 2024US$201.9bUS$20.7bUS$3.6b41.5x56.8x9.8x
Fri, 16 Aug 2024US$194.7bUS$20.7bUS$3.6b40.2x53.9x9.4x
Sun, 14 Jul 2024US$168.7bUS$15.6bUS$4.0b38.3x41.7x10.8x
Tue, 11 Jun 2024US$155.5bUS$15.6bUS$4.0b34.4x38.5x10x
Thu, 09 May 2024US$151.4bUS$15.6bUS$4.0b35.1x37.6x9.7x
Sat, 06 Apr 2024US$170.0bUS$15.4bUS$3.9b39.2x43.8x11.1x
Mon, 04 Mar 2024US$180.9bUS$15.4bUS$3.9b39.5x46.6x11.8x
Wed, 31 Jan 2024US$175.3bUS$15.3bUS$4.1b37.7x43.3x11.4x
Fri, 29 Dec 2023US$183.8bUS$15.2bUS$4.0b39.8x45.9x12.1x
Sun, 26 Nov 2023US$156.0bUS$15.2bUS$4.0b34.4x38.9x10.3x
Tue, 24 Oct 2023US$140.2bUS$15.2bUS$4.0b29.9x35.3x9.2x
Thu, 21 Sep 2023US$167.4bUS$15.0bUS$4.3b34.1x39.2x11.2x
Sat, 19 Aug 2023US$165.1bUS$15.0bUS$4.3b33.3x38.7x11x
Mon, 17 Jul 2023US$175.7bUS$13.8bUS$3.8b27.9x46.5x12.8x
Wed, 14 Jun 2023US$167.1bUS$13.8bUS$3.8b27.9x44.2x12.1x
Fri, 12 May 2023US$171.6bUS$13.8bUS$3.8b26.5x45.4x12.5x
Sun, 09 Apr 2023US$167.2bUS$13.0bUS$4.4b30.2x37.6x12.8x
Price to Earnings Ratio

36x


Total Market Cap: US$160.3bTotal Earnings: US$4.4bTotal Revenue: US$13.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrial REITs Industry Price to Earnings3Y Average 42.3x20242025
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 39.0x which is lower than its 3-year average PE of 42.3x.
  • The 3-year average PS ratio of 9.6x is higher than the industry's current PS ratio of 8.2x.
Past Earnings Growth
  • The earnings for companies in the Industrial REITs industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 19% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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

US Market0.99%
Real Estate-0.89%
Industrial REITs-2.19%
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
LXP LXP Industrial TrustUS$50.501.0%
+US$30.8m		22.0%PB1.5x

Latest News

FR
US$57.31
First Industrial Realty Trust
7D
-1.2%
1Y
12.8%
LINE
US$34.55
Lineage
7D
0.5%
1Y
-41.0%
PLD
US$127.77
Prologis
7D
0.1%
1Y
22.0%

PLD: Earnings Guidance And Industrial Leasing Fundamentals Will Shape Future Returns

Analysts have nudged their price target for Prologis modestly higher, with fair value rising from approximately $131.30 to $131.90. This reflects slightly faster revenue growth, resilient profit margins, and a series of upward target revisions following a strong Q3 earnings season for U.S. REITs. Analyst Commentary Recent Street research reflects a generally constructive view on Prologis, with multiple upward adjustments to price targets following Q3 results and updated forecasts.
COLD
US$12.20
Americold Realty Trust
7D
-3.2%
1Y
-43.1%
STAG
US$37.05
STAG Industrial
7D
-0.3%
1Y
8.4%

STAG: Leasing Momentum And Acquisitions Will Shape Outlook Amid Mixed REIT Conditions

Analysts have nudged our price target for STAG Industrial modestly higher to align with recent Street increases, including a move to $39 and $42. These targets reflect resilient leasing activity, solid Q3 performance, and model updates that incorporate slightly faster revenue growth, marginally better margins, and a small compression in expected future valuation multiples.
EGP
US$180.57
EastGroup Properties
7D
-0.3%
1Y
11.5%
IIPR
US$49.57
Innovative Industrial Properties
7D
-14.7%
1Y
-29.5%
OLP
US$19.93
One Liberty Properties
7D
-5.8%
1Y
-26.2%
PLYM
US$21.87
Plymouth Industrial REIT
7D
0.09%
1Y
21.8%

PLYM Will Trade Within New Buyout Range Amid Balanced Risk Profile

Plymouth Industrial REIT's analyst price target has been increased from $17.00 to $21.00 per share, as analysts factor in updated acquisition expectations and stronger modeled revenue growth and margins, despite a slightly higher discount rate and future valuation multiple. Analyst Commentary Recent Street research reflects a more cautious stance toward Plymouth Industrial REIT, with bearish analysts trimming upside expectations following the announced sale process and competing bids.
LXP
US$50.62
LXP Industrial Trust
7D
1.2%
1Y
22.0%

LXP: Asset Sales And Balance Sheet Actions Will Shape Rerating Prospects

Analysts have modestly raised their price target on LXP Industrial Trust to $11.50 from $11.00, citing the accretive sale of vacant development projects, improved balance sheet strength, and expectations that investors will refocus on the company’s rent growth and valuation discount to industrial peers. Analyst Commentary Analyst commentary on LXP Industrial Trust has turned increasingly constructive following the sale of its vacant development projects, with most views skewing positively toward the company’s growth prospects and valuation.
REXR
US$39.69
Rexford Industrial Realty
7D
-2.5%
1Y
2.6%

REXR: New CEO And Capital Allocation Shift Will Drive Future Upside Potential

Analysts have nudged their average price target on Rexford Industrial Realty modestly higher to about $44, reflecting confidence that the company’s new CEO, refined capital allocation strategy, and healthy industrial leasing trends can offset slightly slower growth and margin compression. Analyst Commentary Recent Street research presents a mixed but generally constructive view on Rexford Industrial Realty, with incremental price target increases tempered by a more cautious stance on the risk reward profile.
TRNO
US$59.79
Terreno Realty
7D
-0.5%
1Y
1.2%