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U.S. Industrial REITs Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies15
  • 7D3.3%
  • 3M3.8%
  • 1Y29.3%
  • YTDn/a

Over the last 7 days, the Industrial REITs industry has risen 3.4%, driven by gains from Prologis of 3.2%. In the last 12 months, the industry was up 24%. As for the next few years, earnings are expected to grow by 2.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026US$189.7bUS$22.5bUS$4.9b26.5x39x8.4x
Sun, 08 Mar 2026US$187.8bUS$22.1bUS$4.7b26.5x40x8.5x
Tue, 03 Feb 2026US$183.0bUS$22.1bUS$4.7b27.5x39.3x8.3x
Thu, 01 Jan 2026US$182.4bUS$22.1bUS$4.6b26.5x39.4x8.2x
Sat, 29 Nov 2025US$181.8bUS$22.1bUS$4.6b25.9x39.3x8.2x
Mon, 27 Oct 2025US$181.0bUS$22.1bUS$4.2b29.8x43.5x8.2x
Wed, 24 Sep 2025US$166.6bUS$21.8bUS$4.4b26.7x38.1x7.7x
Fri, 22 Aug 2025US$161.6bUS$21.8bUS$4.4b26.3x36.9x7.4x
Sun, 20 Jul 2025US$154.8bUS$21.7bUS$4.2b27.7x37x7.1x
Tue, 17 Jun 2025US$160.1bUS$21.5bUS$4.4b27.1x36.1x7.4x
Thu, 15 May 2025US$163.1bUS$21.5bUS$4.4b26.7x36.8x7.6x
Sat, 12 Apr 2025US$145.6bUS$21.3bUS$4.3b26x33.6x6.8x
Mon, 10 Mar 2025US$181.9bUS$21.3bUS$4.3b32.4x41.9x8.5x
Wed, 05 Feb 2025US$175.1bUS$21.2bUS$4.0b34.5x43.8x8.3x
Fri, 03 Jan 2025US$161.9bUS$20.9bUS$3.3b32.8x48.3x7.7x
Sun, 01 Dec 2024US$178.4bUS$20.9bUS$3.3b35.9x53.3x8.5x
Tue, 29 Oct 2024US$184.1bUS$20.9bUS$3.9b36.7x47.8x8.8x
Thu, 26 Sep 2024US$199.0bUS$20.7bUS$3.6b40.8x56x9.6x
Sat, 24 Aug 2024US$198.4bUS$20.7bUS$3.6b41.4x54.9x9.6x
Mon, 22 Jul 2024US$173.7bUS$15.3bUS$3.7b40.2x46.8x11.4x
Wed, 19 Jun 2024US$156.1bUS$15.6bUS$4.0b35.3x38.6x10x
Fri, 17 May 2024US$154.6bUS$15.6bUS$4.0b34.6x38.2x9.9x
Sun, 14 Apr 2024US$165.9bUS$15.4bUS$3.9b37.5x42.7x10.8x
Tue, 12 Mar 2024US$180.9bUS$15.4bUS$3.9b39.1x46.6x11.8x
Thu, 08 Feb 2024US$176.3bUS$15.3bUS$4.1b37.1x43.5x11.5x
Sat, 06 Jan 2024US$197.2bUS$16.3bUS$5.0b36.7x39.8x12.1x
Mon, 04 Dec 2023US$182.8bUS$16.3bUS$5.0b34.7x36.9x11.2x
Wed, 01 Nov 2023US$160.0bUS$16.4bUS$4.9b31x32.5x9.8x
Fri, 29 Sep 2023US$174.6bUS$16.1bUS$5.2b31.8x33.5x10.8x
Sun, 27 Aug 2023US$187.8bUS$16.1bUS$5.2b34.1x36x11.7x
Tue, 25 Jul 2023US$193.9bUS$16.1bUS$5.3b26.9x36.7x12x
Thu, 22 Jun 2023US$185.6bUS$14.9bUS$4.7b25.4x39.3x12.5x
Sat, 20 May 2023US$186.8bUS$14.9bUS$4.7b26.4x39.5x12.5x
Mon, 17 Apr 2023US$181.3bUS$14.2bUS$5.4b26.2x33.6x12.8x
Price to Earnings Ratio

33.6x


Total Market Cap: US$181.3bTotal Earnings: US$5.4bTotal Revenue: US$14.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrial REITs Industry Price to Earnings3Y Average 40.9x202420252026
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 37.9x which is lower than its 3-year average PE of 40.9x.
  • The 3-year average PS ratio of 9.5x 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 declined 3.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 17% 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, which has decreased profits.

Industry Comparison

How does U.S. Industrial REITs compare with similar industries?

US Market3.43%
Real Estate2.60%
REITS2.64%
Industrial REITs3.34%
Hotel and Resort REITs5.49%
Specialized REITs3.76%
Retail REITs3.30%
Diversified REITs2.64%
Healthcare REITs1.94%
Office REITs1.69%
Residential REITs0.81%
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
PLD PrologisUS$138.023.2%
+US$4.0b		45.5%PB2.4x
LINE LineageUS$34.474.7%
+US$349.7m		-34.0%PB0.9x
TRNO Terreno RealtyUS$65.295.1%
+US$333.6m		21.0%PB1.7x
REXR Rexford Industrial RealtyUS$34.283.5%
+US$267.1m		7.3%PB1x
STAG STAG IndustrialUS$37.903.7%
+US$258.1m		22.7%PB2x

Latest News

LINE
US$34.47
Lineage
7D
4.7%
1Y
-34.0%
REXR
US$34.28
Rexford Industrial Realty
7D
3.5%
1Y
7.3%
STAG
US$37.90
STAG Industrial
7D
3.7%
1Y
22.7%

STAG: Stable Q4 Execution And Sector Risks Will Shape Future Returns

Analysts trimmed the fair value estimate for STAG Industrial slightly to $41.45, while Street price targets edged up to around $40, reflecting updated models after stable Q4 performance and a modestly lower discount rate and future P/E assumptions. Analyst Commentary Street research on STAG Industrial has been active around the latest Q4 update, with several firms fine tuning their models and price targets.
FR
US$60.47
First Industrial Realty Trust
7D
3.1%
1Y
35.2%
TRNO
US$65.29
Terreno Realty
7D
5.1%
1Y
21.0%
PLD
US$138.02
Prologis
7D
3.2%
1Y
45.5%

PLD: Fair Outlook Sees Cycle Turn Meeting Premium Industrial REIT Expectations

Analysts have nudged Prologis' price targets higher into a roughly $130 to $153 range, reflecting a generally constructive view on industrial REIT fundamentals, including expectations for stable occupancy and steady cash same store net operating income. Analyst Commentary Recent Street research on Prologis points to a mix of optimism around industrial REIT fundamentals and valuation, balanced by some caution on how much upside is already reflected in the share price.
EGP
US$192.73
EastGroup Properties
7D
2.3%
1Y
26.6%

EGP: Development Leasing And Capital Allocation Will Shape Balanced Sector Positioning

EastGroup Properties' updated analyst price target has edged slightly lower to about $206.21 from $206.37, with analysts pointing to recent sector research that highlights solid Q4 execution, constructive leasing prospects and an upgraded view of the REIT's capital allocation and growth consistency. Analyst Commentary Recent research on EastGroup Properties centers on Q4 execution, leasing performance and how consistently the company has deployed capital to support growth.
LXP
US$49.62
LXP Industrial Trust
7D
7.6%
1Y
33.6%
IIPR
US$50.07
Innovative Industrial Properties
7D
-0.3%
1Y
2.8%

IIPR: Rent Recovery Visibility And Buybacks Will Support Future Upside

Analysts have nudged their price target for Innovative Industrial Properties higher to $55 from $50, supported by improved visibility into rent collection on previously defaulted assets and a modest refinement in long term assumptions for the discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent Street research around Innovative Industrial Properties points to a more balanced view, with some bullish analysts softening previously negative stances and refining their expectations around rent collection and valuation multiples.