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U.S. Industrial REITs Industry Analysis

UpdatedMay 25, 2026
DataAggregated Company Financials
Companies15
  • 7D2.4%
  • 3M4.0%
  • 1Y29.3%
  • YTDn/a

Over the last 7 days, the Industrial REITs industry has risen 2.4%, driven by gains from Prologis of 2.5%. This means that the industry has gained 29% over the past year. Earnings are forecast to grow by 1.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 May 2026US$202.3bUS$22.8bUS$5.3b24.5x37.9x8.9x
Thu, 23 Apr 2026US$197.0bUS$22.7bUS$5.3b27.2x37.5x8.7x
Sat, 21 Mar 2026US$183.1bUS$22.4bUS$4.9b25.6x37.6x8.2x
Mon, 16 Feb 2026US$192.0bUS$22.2bUS$4.7b26.5x41.2x8.7x
Wed, 14 Jan 2026US$183.3bUS$22.1bUS$4.6b26.8x39.6x8.3x
Fri, 12 Dec 2025US$184.0bUS$22.1bUS$4.6b26.8x39.8x8.3x
Sun, 09 Nov 2025US$178.8bUS$22.1bUS$4.7b25.7x38.3x8.1x
Tue, 07 Oct 2025US$170.6bUS$21.9bUS$4.4b25.2x38.7x7.8x
Thu, 04 Sep 2025US$163.6bUS$21.8bUS$4.4b27.2x37.4x7.5x
Sat, 02 Aug 2025US$158.0bUS$21.8bUS$4.2b27.6x37.5x7.3x
Mon, 30 Jun 2025US$154.7bUS$21.5bUS$4.4b27x34.9x7.2x
Wed, 28 May 2025US$155.5bUS$21.5bUS$4.4b26.6x35.1x7.2x
Fri, 25 Apr 2025US$155.6bUS$21.6bUS$4.3b27.5x35.9x7.2x
Sun, 23 Mar 2025US$166.9bUS$21.3bUS$4.3b30.3x38.5x7.8x
Tue, 18 Feb 2025US$179.8bUS$21.3bUS$4.0b34.8x44.8x8.4x
Thu, 16 Jan 2025US$163.3bUS$20.9bUS$3.3b33.3x48.8x7.8x
Sat, 14 Dec 2024US$171.9bUS$20.9bUS$3.3b35.3x51.3x8.2x
Mon, 11 Nov 2024US$179.0bUS$20.9bUS$3.3b36.7x53.4x8.6x
Wed, 09 Oct 2024US$187.8bUS$20.7bUS$3.6b38.7x52.8x9.1x
Fri, 06 Sep 2024US$200.4bUS$20.7bUS$3.6b40.9x56.4x9.7x
Sun, 04 Aug 2024US$196.4bUS$20.6bUS$3.6b39.9x54.8x9.5x
Tue, 02 Jul 2024US$157.4bUS$15.6bUS$4.0b35.6x38.9x10.1x
Thu, 30 May 2024US$148.8bUS$15.6bUS$4.0b33.8x36.8x9.5x
Sat, 27 Apr 2024US$146.1bUS$15.6bUS$4.0b33.6x36.2x9.4x
Mon, 25 Mar 2024US$175.0bUS$15.4bUS$3.9b38.7x45x11.4x
Wed, 21 Feb 2024US$180.3bUS$15.4bUS$4.1b36.6x44x11.7x
Fri, 19 Jan 2024US$192.1bUS$16.5bUS$5.0b35.9x38.4x11.7x
Sun, 17 Dec 2023US$201.8bUS$16.3bUS$5.0b36.9x40.7x12.4x
Tue, 14 Nov 2023US$162.4bUS$16.3bUS$5.0b30.7x32.8x10x
Thu, 12 Oct 2023US$174.8bUS$16.1bUS$5.2b32.2x33.5x10.9x
Sat, 09 Sep 2023US$189.7bUS$16.1bUS$5.2b34.2x36.4x11.8x
Mon, 07 Aug 2023US$187.3bUS$16.1bUS$5.2b33.7x35.9x11.6x
Wed, 05 Jul 2023US$189.3bUS$14.9bUS$4.7b25.8x40.1x12.7x
Fri, 02 Jun 2023US$186.1bUS$14.9bUS$4.7b26.5x39.4x12.5x
Price to Earnings Ratio

39.4x


Total Market Cap: US$186.1bTotal Earnings: US$4.7bTotal Revenue: US$14.9bTotal 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 industry is trading close to its 3-year average PS ratio of 9.4x.
Past Earnings Growth
  • The earnings for companies in the Industrial REITs industry have grown 4.2% 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 Comparison

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

US Market1.11%
Real Estate1.75%
REITS1.19%
Industrial REITs2.41%
Hotel and Resort REITs2.65%
Retail REITs1.68%
Specialized REITs1.51%
Residential REITs1.42%
Diversified REITs1.19%
Healthcare REITs1.00%
Office REITs0.61%
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$145.902.5%
+US$3.3b		40.2%PB2.5x
LINE LineageUS$40.884.6%
+US$407.5m		-9.6%PB1.2x
FR First Industrial Realty TrustUS$63.282.9%
+US$233.3m		31.4%PB3x
REXR Rexford Industrial RealtyUS$36.182.6%
+US$203.8m		4.4%PB1x
EGP EastGroup PropertiesUS$205.161.5%
+US$161.0m		24.5%PB3.1x

Latest News

EGP
US$205.16
EastGroup Properties
7D
1.5%
1Y
24.5%
IIPR
US$57.06
Innovative Industrial Properties
7D
4.5%
1Y
2.8%
Seeking Alpha • 21h

Innovative Industrial Properties: Dual Beats And Fat Dividend Yield From Most Undervalued REIT

Summary Innovative Industrial Properties is undervalued, trading at 8x 2026 annualized first-quarter NFFO versus peers at 14.37x. IIPR's 13.32% dividend yield is not currently covered, but ongoing tenant default resolutions and new leases are expected to improve NFFO coverage and support the payout. Recent leasing momentum and increased payments from defaulted tenants underpin sequential revenue growth, with second-quarter revenue likely to exceed $70 million. IIPR is rated Buy, with anticipated NFFO growth and sector regulatory changes serving as catalysts, though a dividend cut risk remains. Read the full article on Seeking Alpha
COLD
US$14.81
Americold Realty Trust
7D
2.2%
1Y
-12.0%
PLD
US$145.90
Prologis
7D
2.5%
1Y
40.2%
LXP
US$52.24
LXP Industrial Trust
7D
1.4%
1Y
27.0%
REXR
US$36.18
Rexford Industrial Realty
7D
2.6%
1Y
4.4%
Narrative Update • May 21

REXR: Long Term Occupancy And Buybacks Will Shape Future Returns

Narrative Update The analyst price target for Rexford Industrial Realty has edged slightly lower by $0.06, with analysts citing recent target trims across several firms and updated views on development yields, acquisition driven growth, and long term occupancy assumptions. Analyst Commentary Recent research shows a mix of optimism and caution on Rexford Industrial Realty, with some analysts trimming price targets while others upgrade their stance based on long term occupancy expectations and views on development and acquisition driven growth.
FR
US$63.28
First Industrial Realty Trust
7D
2.9%
1Y
31.4%
STAG
US$38.15
STAG Industrial
7D
-0.1%
1Y
12.0%
LINE
US$40.88
Lineage
7D
4.6%
1Y
-9.6%
Seeking Alpha • May 11

Lineage: Robots Could Add $30 Per Share

Summary Lineage, the largest cold storage REIT, currently trades at 25% above recent lows, but 50% below the 2024 IPO price. With 24,000 employees, headcount intensity is 20-100x that of typical industrial REITs. Adoption of humanoid robots as the next step in LINE's automation strategy could dramatically reduce headcount and improve financial results. A base case impact assessment estimates a $500 million annual expense reduction, which could add $30 per share to valuation. Read the full article on Seeking Alpha