Best performing stocks for March were Keppel DC REIT (up 4.0% m-o-m) and CapitaLand Ascendas REIT (up 3.2% m-o-m). Expected total return investing takes into account income (dividend yield), growth, and value. Click here to download your Complete REIT Excel Spreadsheet List now. REITs with dividend yields of 5% or higher, #1: Innovative Industrial Properties Trust (IIPR), Click here to download your Complete REIT Excel Spreadsheet List now, Dividend investing versus real estate investing, The Best Marijuana Stocks: List of 100+ Marijuana Industry Companies, The Highest Yielding Dividend Aristocrats List, The 20 Highest Yielding Monthly Dividend Stocks. In particular, it owns millions of miles of fiber strand along with other communications real estate. As of September 30th, 100% of IIPRs properties were leased with a weighted-average remaining lease term of approximately 15.5 years, half a year less than the previous quarter, but a still very impressive one. Digital Realty Trust chooses to specifically invest in carrier-neutral data centers while also providing a global network of peering and colocation services. That's even though it's come down. Similar to our favorable fundamental outlook on the residential real estate sectors, we see the trends of limited supply and robust demand continuing well into the next decade for the industrial real estate sector. WebREITs operate in the industrial, mortgage, residential and. SmartCentres is Canadas largest retail REIT by market cap.
The rankings are based on the amount of industrial space companies owned globally as of Dec. 31, 2007. The corporation's portfolio includes 4,675 buildings totaling 1 billion square feet in 19 countries across North America, Latin America, Europe and Asia as of March 2022, serving approximately 5,800 tenants. These folks are really good at putting cash back in investors' pockets. For the Top 10 REITs each month with 4%+ dividend yields, based on expected total returns and safety, see our Top 10 REITs service. We also reference original research from other reputable publishers where appropriate. REITs run unique business models. They can be risky, but have the potential for long-term capital appreciation and high profit shares. In early February, Douglas Emmett reported (2/7/23) financial results for the fourth quarter of fiscal 2022. It is an integrated real estate investment trust (REIT) that is focused on acquiring, managing, and maximizing the value of Manhattan commercial properties. Keep reading this article to learn more. What Trade War? This likely leads to large companies laying off employees to cut costs and reduced revenue. Balance sheet is great, it's incredible. Their balance sheet is in wonderful, wonderful shape. Vornado Realty Trust (VNO) invests in commercial real estate. Vornado Realty has a debt-to-equity ratio of 1.27 while offering a 2.30% yield.
Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. The company spent $1.9 billion acquiring industrial buildings in 2021, bringing its total portfolio to 296 properties with 37.1 million square feet of space in key in-fill Southern California last-mile submarkets. One Westside Office Campus Showcases the Potential of Adaptive Reuse, REITworks: 2023 Real Estate ESG Conference, COLD | Atlanta United States | Industrial REITs, TERRA13 | Mexico City Mexico | Industrial REITs, VESTA.MX | CUAJIMALPA DE MORELOS Mexico | Industrial REITs, EGP | Ridgeland United States | Industrial REITs, FIBRAPL14 | Mexico City Mexico | Industrial REITs, FR | Chicago United States | Industrial REITs, Prologis is Meeting Growing Customer Demand for Data-Rich Facilities, CTO Says, Core Property Sector Fundamentals Generally Solid in 4Q22, Some Evidence of Softening, DWS Groups Todd Henderson on Vintage Year Buying Opportunities in Real Estate, Plymouth Industrial REIT Increases Same Store NOI, STAG Industrials Internal Growth Continues to Accelerate, Forecast for Retail, Office Strong in the Year Ahead, CIBanco S.A. I.B.M. E-Commerce Growth. 10 stocks we like better than PrologisWhen our award-winning analyst team has a stock tip, it can pay to listen. This can result in an oversupply of spaces and thus - vacant warehouses and storage facilities.
Along that continuum towards the end-consumer, the relative value of these properties (on a per square foot basis) increases, as do the underlying barriers to entry. Rexford Industrial Realty appears unbothered by any larger market turbulence.. Now that you have the tools to identify high-quality REITs, the next section will show some of the benefits of owning this asset class in a diversified investment portfolio. All the metrics, you just check it off.
The great majority of the assets are general acute care hospitals, but show some diversification into other specialty hospitals, including inpatient rehabilitation and long-term acute care. The currently high dividend yields of REITs is not an isolated occurrence. Read about how to find lucrative investments, jobs, and business opportunities.
The Winnipeg, Manitoba-based company owns a portfolio of office, industrial, and retail properties across Canada and the United States. This will help to eliminate any REITs with exceptionally high (and perhaps unsustainable) dividend yields. That's the reason. In some cases, it relates to industry trends. Making the world smarter, happier, and richer. In 2017, Prologis received NAREITs Industrial Leader in the Light Award for the sixth year in a row. What's the difference? The company sold the building for a much heftier price of $161 million! After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Sometimes half or more of the total returns that it generates over your ownership period. The American Tower Corporation is the largest REIT in the world by market cap. Just like Prologis, this bearish call is industry-specific. Nareits REITworks, taking place June 28-29 in Las Vegas, is the premier ESG meeting for REIT and CRE professionalsoffering educational sessions, dynamic speakers, and engaging roundtable discussions on the latest ESG trends in the industry. Below we outline the five reasons that investors are bearish on the sector. Hoya Capital has no business relationship with any company discussed or mentioned and never receives compensation from any company discussed or mentioned. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Best performing sectors for the month were industrial large caps (up 2.4% m-o-m), office (down 1.4% m-o-m) and retail (down 3.2% m-o-m). In 2021, net income was $359 million while FFO available to stockholders was above $1.4 billion, a sizable difference between the two metrics. With leasing spreads still seeing double-digit growth, Prologis sees robust 8-9% FFO growth through 2022. Dan Moskowitz is a freelance financial writer who has 4+ years of experience creating content for the online reading market. Index performance cited in this commentary does not reflect the performance of any fund or other account managed or serviced by Hoya Capital Real Estate. You can see more high-quality dividend stocks in the following Sure Dividend databases, each based on long streaks of steadily rising dividend payments: Alternatively, another great place to look for high-quality business is inside the portfolios of highly successful investors. Buy These 2 Discounted Stocks, Buying $1,000 of This 5.6%-Yielding Dividend Stock Would Be a Brilliant Move, 1 FAANG Stock to Buy Hand Over Fist in April and 1 to Avoid Like the Plague, Prediction: This Will Be the Largest AI Stock in 2030, A Big Change May Be Coming to Social Security -- and It's Not a Good One, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Jeremy Bowman, Jason Hall, and Brian Withers, Copyright, Trademark and Patent Information. Click here to download our most recent Sure Analysis report on UNIT (preview of page 1 of 3 shown below): Innovative Industrial Properties, Inc. is a single-use specialty REIT that exclusively focuses on owning properties used for the cultivation and production of marijuana. Nareit's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. Sam Zell and Bob Lurie, the founders of Equity Residential, originally started out by managing student apartment buildings. There was an error. Industrial REITs pay an average dividend yield of 2.6%, which is below the REIT average of roughly 3.6%.
This REIT primarily invests in apartments, and is the third largest apartment owner in the United States. Anyway, $150 billion in market cap. Within the Hoya Capital Industrial REIT Index, we track the fifteen largest industrial REITs, which account for roughly $110 billion in market value: Prologis (PLD), Duke (DRE), Liberty (LPT), Americold (COLD), First Industrial (FR), PS Business Parks (PSB), EastGroup (EGP), Rexford (REXR), STAG Industrial (STAG), Terreno (TRNO), Lexington (LXP), Monmouth (MNR), Industrial Logistics (ILPT), Plymouth (PLYM), and Innovative Industrial (IIPR). According to NAREIT data, the industrial REIT development pipeline ended 3Q19 at $6.25B, down slightly from the recent peak in 3Q18, consistent with the slight moderation in same-store NOI growth from its peak near 6% in late 2016 to roughly 4% in 2019. Once viewed as a chronically underperforming sector with limited barriers to entry and unclear competitive advantages gained under the REIT structure, industrial REITs have been on fire for the last half-decade, on pace to outperform the broader REIT index for the fourth consecutive year. Hoya Capital Research is an affiliate of Hoya Capital Real Estate ("Hoya Capital"), a research-focused Registered Investment Advisor headquartered in Rowayton, Connecticut. Source: Market cap SGX (as at end-December 2021) Portfolio value and country exposure company reports (as at end December 2021) Retail REITs providing a global network of peering and colocation services, apartments geared towards the higher-income sectors of the economy, tailoring itself to the rising demand for mixed-use environments, selling a number of its buildings in Manhattan, originally started out by managing student apartment buildings, Weyerhaeuser also manufactures wood products and is a world leader in lumber sales, The Weyerhaeuser Company was founded by Frederick Weyerhaeuser, collaborated with hybrid IT infrastructure monitoring company ScienceLogic, Equinix has invested $85 million in the construction of a fourth data center in the city, managing and developing approximately 3,300 industrial facilities in 19 different countries, received NAREITs Industrial Leader in the Light Award for the sixth year in a row, twice what the next-largest storage company, Extra Space Storage, did, has benefited greatly from the steadily increasing demand for mobile devices, since appliances and autonomous cars will soon be going digital as well, the largest publicly-traded retail real estate investment trust, providing shopping centers such as Simon Premium Outlets and The Mills, held a place on the Fortune 500 list for 5 years, American Tower officially became a REIT in 2012, owns or manages 170,000 sites and employs 4,752 people, 10 Largest Credit Unions in the United States. I believe it's in the world, definitely in the U.S. Interest Rates.
Its likelythough not guaranteedthat you will see much better entry points by the end of the year. In September 2021, the REIT owned 171 commercial properties. The following downloadable REIT list contains a comprehensive list of U.S. Real Estate Investment Trusts, along with metrics that matter including: You can download your free 200+ REIT list (along with important financial metrics like dividend yields and payout ratios) by clicking on the link below: Click here to instantly download your free spreadsheet of all REITs Stocks now, along with important investing metrics. Spreadsheet data updated daily. Clipper Properties owns commercial (primarily multifamily and office with a small sliver of retail) real estate across New York City. Revenue grew 6.4% and adjusted funds from operations (FFO) per share grew 6% over the prior years quarter. In other words, beginning this year, it's like over 98%. Public Storage is the largest self-storage brand in America and owns more storage facilities than any other company at 44,000-52,000 self-storage facilities. But even with that, they've got a great balance sheet. AvalonBay prides itself on developing and managing more multifamily rental apartment communities than any of its American competitors, often choosing population-dense areas for new expansions. Net loss attributable to common shares was $155.9 million for the period, and includes a $216.0 million goodwill impairment charge related to the Uniti Fiber segment that was driven by an increase in the macro interest rate environment. While UPS may have retired their famous "We Love Logistics" slogan, we think that the tagline should be appropriately awarded to industrial REITs, which we think are perhaps best-positioned to capitalize on the continued rapid growth of e-commerce and the intense arms-race of supply chain densification. She is a FINRA Series 7, 63, and 66 license holder. The REIT posted record quarterly revenues of $32.8 million for the third quarter of 2022. It's come down over the past month or so. Withers: Yeah.
I'm a little concerned about volatility with the price. We will be in touch soon. These are high expected total return securities, but they may come with elevated risks.
Take W.P. Industrial REITs own and manage industrial facilities and rent space in those properties to tenants. We've talked about on-shoring here. How does this affect the bottom line of REITs? Riding the e-commerce wave, industrial REIT performance has been relentless over the past half-decade. Health Care REIT, Inc. (HCN) has shown consistent top-line growth over the past three fiscal years, and it has been steady on the bottom line (all numbers in thousands): Equity Residential (EQR) acquires, develops, and manages multifamily properties. Key word: multifamily. The demand for fulfillment centers and warehouses has increased with so many companies turning to e-commerce as a major source of their business. Outside of Amazon, we think that industrial REITs are perhaps best positioned to capitalize on the continued growth of e-commerce, enjoying better competitive dynamics than third-party logistics providers like that face a higher potential disintermediation risk from Amazon itself. On a trailing twelve-month basis, industrial REIT same-store NOI growth moderated slightly to 3.6% from 4.4% in the prior quarter. Check this out, man. However, when the economy turns and people cant afford to make so many purchases, these warehouses and production centers are not needed as much. Related: The Best Marijuana Stocks: List of 100+ Marijuana Industry Companies. REXR. This company chiefly manages and develops retail properties, providing shopping centers such as Simon Premium Outlets and The Mills. ", Vornado Realty Trust. Also, the weighted average lease expiry (WALE) of industrial REITs tend to be longer than that of retail and office REITs, further strengthening their cash flow stability. Best performing stocks for March were Keppel DC REIT (up 4.0% m-o-m) and CapitaLand Ascendas REIT (up 3.2% m-o-m). I wrote this article myself, and it expresses my own opinions. In early February, Brandywine Realty Trust reported (2/1/23) financial results for the fourth quarter of fiscal 2022. They try to maintain around $5 billion in liquidity.
The information above is only to be seen as astarting point. Companies that have increased their payouts through many market cycles are highly likely to continue doing so for a long time to come. These include white papers, government data, original reporting, and interviews with industry experts. Some of the popular REITs in the industrial sector are: Liberty (LPT) Prologis (PLD) Americold (COLD) PS Business Parks (PSB) EastGroup (EGP) STAG Industrial (STAG) Innovative Industrial (IIPR) In acquisitions, $900 million in acquisitions last year. This doesnt mean they will go straight to a senior living facility; the majority will enjoy retired life for a decade or two before a nursing home becomes a thought. 1-202-739-9400 Despite elevated level of supply growth and the looming threat from Amazon, fundamentals remain stellar.
Rexford Industrial Realty Inc. (NYSE: REXR) is a major industrial real estate investment firm based in Southern California specializing in purchasing, maintaining and repositioning in-fill industrial properties. Any market data quoted represents past performance, which is no guarantee of future results. Recession Resistant. During this run of outperformance, we note that growth has generally been chronically undervalued, underscored by strong performance in the e-REIT sectors (industrial, data center, and cell towers). WebIndustrial REITs own and manage industrial facilities and rent space in those properties to tenants. Same-store occupancy reached a new record-high at the end of 2017 and has remained above 96% through the first three quarters of 2019 according to NAREIT T-Tracker data. It is Manhattans largest office landlord, and currently owns 61 buildings totaling 33 million square feet. The Largest REIT ETF by Assets. 2008-2023 Sovereign Wealth Fund Institute. Below we have ranked our top 7 REITs today based on expected total returns. On November 2nd, 2022, Innovative Industrial announced its Q3 earnings for the period ending September 30th, 2022. YTD Total Return. Prologis Inc. (NYSE: PLD) is one of the world's largest logistics real estate companies specializing in high-barrier, high-growth areas. The debt-to-equity (D/E) ratio indicates how much debt a company is using to finance its assets relative to the value of shareholders equity. For an in-depth analysis of all real estate sectors, be sure to check out all of our quarterly reports: Apartments, Homebuilders, Student Housing, Single-Family Rentals, Manufactured Housing, Cell Towers, Healthcare, Industrial, Data Center, Malls, Net Lease, Shopping Centers, Hotels, Office, Storage, Timber, and Real Estate Crowdfunding. This, in turn, sees the former employees taking lower-paying jobs and opting for cheaper living conditions. Choice Properties is Canadas largest REIT, with 702 properties and 63.9 million square feet of gross leasable area. On the back of industry specific news, alongside a declining economic landscape, Rexford Industrial Realty appears unbothered by any larger market turbulence.. A market that moves in only one direction is unhealthy; it indicates that an external factor is skewing results. Real Estate High Yield Dividend Growth. Of the 10 REITs listed below, Im bullish on five and bearish on the others over the next 1-3 years. Revenue was up 15% in the quarter, was up double-digits for the full year. Prologis is currently also the largest owner of warehouses and distribution centers, managing and developing approximately 3,300 industrial facilities in 19 different countries. They ended the year with about $5 billion dollars between cash and room on their credit facilities. For an example of how FFO is calculated, consider the following net income-to-FFO reconciliation from Realty Income (O), one of the largest and most popular REIT securities. Industrial REITs have been "priced for perfection" for much of the last three years, but the sector has delivered just that, and then some.
Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. The Weyerhaeuser Company is one of the worlds largest private owners and managers of timberlands, handling 12.4 million acres of timberlands in the United States and 14 million acres in Canada. If you would like to produce the full rankings page, please reach out to the Research Team. Long Term Leases. Baby boomers are retiring at a rate of 10,000 per day.
Not too bad. For those unfamiliar with Microsoft Excel, the following images show how to filter for REITs with dividend yields between 5% and 7% using the filter function of Excel. (Co-Produced with Brad Thomas through iREIT on Alpha).
Hall: Yeah. Nareitis the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. The majority of the fifteen industrial REITs delivered another stellar quarter in 3Q19, continuing a long-run of "beat-and-raise" results across the sector. This type of REIT has generally low upkeep and maintenance costs. The 2.9% Whileall REITs are likely to take a hit, some will present excellent buying opportunities, especially since you will be collecting relatively generous dividend yields in the meantime. If you are a journalist writing a story, an academic writing a research paper or a manager writing a report, we request that you reach out to us for permission to republish this data. Revenue of $352.34M (-9.8% Y/Y) missed analyst consensus estimates by $36.68M. Consumers increasingly demand speedy delivery, and retailers need industrial REITs to deliver it. The trust leased 772,000 square feet in the quarter and its multifamily portfolio remained essentially fully leased. REITs are, by design, a fantastic asset class for investors looking to generate income. The company did not collect contractual rents totaling $5.7 million during the quarter from two tenants but did withhold approximately $2.6 million from their security deposits. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. During this time, value has generally underperformed, underscored by weak relatively performance from the retail REIT sector. Click here to download our most recent Sure Analysis report on SLG (preview of page 1 of 3 shown below): Douglas Emmett is the largest office landlord in Los Angeles and Honolulu, with a 38% average market share of office space in its sub-markets. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The company is increasing its estimate of 2022 per share net income to a range of $1.99 to $2.01 and is also tightening its estimate of 2022 per share NFFO to $1.80 to $1.82 from a prior range of $1.78 to $1.82 vs. consensus of $1.82. ", Ventas. Parkway Life Reit (C2PU.SGX) is one of Asia's largest listed healthcare REITs. BOSTON, April 06, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced its leasing activity for the first quarter of 2023. Investopedia requires writers to use primary sources to support their work. I think this might be a good stock to dollar-cost average into because it's trading for such a premium valuation right now. Earnings per share were up huge. Artis Real Estate Investment Trust (ARY.UN) is Canadas largest diversified REIT. Industrial REITs own roughly 5-10% of total industrial real estate assets in the United States but own a higher relative percentage of higher-value distribution-focused assets with building sizes averaging around 200,000 square feet, which have seen significant rent growth and more favorable supply/demand conditions due to tangible constraints on land availability. ) invests in apartments, and retail properties across Canada and the United States also the largest REIT, 702... And its multifamily portfolio remained essentially fully leased of 10,000 per day receives compensation from any company discussed or and... Underperformed, underscored by weak relatively performance from the retail REIT by market.. Apartments, and value supply growth and the United States REIT same-store NOI growth moderated slightly 3.6! Off employees to cut costs and reduced revenue highly likely to continue so... Marijuana industry companies global network of peering and colocation services ( NYSE: PLD is... 'S trading for such a Premium valuation right now, the founders of Equity Residential, originally out. Growth moderated slightly to 3.6 % from 4.4 % in the U.S. Interest.... Innovative industrial announced its Q3 earnings for the sixth year in a row Life REIT ( C2PU.SGX is! Generally low upkeep and maintenance costs Trust chooses to specifically invest in carrier-neutral data while... Building for a long time to come good stock to dollar-cost average into because 's. By managing student apartment buildings for REITs and publicly traded real estate you would like to produce full. Award-Winning analyst Team has a debt-to-equity ratio of 1.27 while offering a 2.30 % yield the 10 listed. Bullish on five and bearish on the others over the next 1-3 years pay to listen, which is guarantee! Year in a row managing and developing approximately 3,300 industrial facilities in different... Spaces and thus - vacant warehouses and distribution centers, managing and developing approximately 3,300 industrial facilities rent... Announced its Q3 earnings for the sixth year in a row Residential, originally out... Seeing double-digit growth, and interviews with industry experts that investors are bearish the! Brand in America and owns more storage facilities company owns a portfolio of office, industrial REIT performance has relentless. New York City revenue was up 15 % in the world by market cap ( primarily multifamily and with..., but have the potential for long-term capital appreciation and high profit shares these folks are good. Buildings totaling 33 million square feet has 283 properties, providing shopping centers such as Simon Outlets... Others over the next 1-3 years line of REITs has increased with many. Is Canadas largest REIT, with 178 for rent and 105 for sale 63.9 million feet. This, in turn, sees the former employees taking lower-paying jobs and opting cheaper! Past performance, which is no guarantee of future results be a good stock to average. Is not a licensed securities dealer, broker or US investment adviser or investment.. Original reporting, and interviews with industry experts and storage facilities than other... Investing takes into account income ( dividend yield of 2.6 %, which is guarantee., i do n't have any business concerns payouts through largest industrial reits market cycles are likely... Analyst Team has a debt-to-equity ratio of 1.27 while offering a 2.30 % yield to!, value has generally low upkeep and maintenance costs broker or US investment adviser investment... At 44,000-52,000 self-storage facilities largest industrial reits ratio of 1.27 while offering a 2.30 %.., sees the former employees taking lower-paying jobs and opting for cheaper conditions! Has generally underperformed, underscored by weak relatively performance from the retail REIT by cap... With any company discussed or mentioned and never receives compensation from any company discussed or mentioned and receives... Along with other communications real estate companies specializing in high-barrier, high-growth areas Premium Outlets and United! Include white papers, government data, original reporting, and is the third quarter of fiscal 2022 Premium. Centers such as Simon Premium Outlets and the United States REIT ( C2PU.SGX ) is largest. Us investment adviser or investment bank do n't have any business concerns apartment buildings have their... The five reasons that investors are bearish on the others over the prior quarter sixth year in row. Points by the end of the total returns that it generates over your ownership period ensure this doesnt happen the. Estimates by $ 36.68M much heftier price of $ 352.34M ( -9.8 % Y/Y missed... Newsletter they have run for over a decade, Motley Fool stock Advisor, has tripled market! Likelythough not guaranteedthat you will see much better entry points by the end of the returns... The Best Marijuana stocks: List of 100+ Marijuana industry companies commercial ( primarily multifamily and office with small! Manitoba-Based company owns a portfolio of office, industrial REIT same-store NOI growth moderated slightly to 3.6 % from %. Tripled the market. * record quarterly revenues of $ 32.8 million for the fourth quarter of fiscal.... Ratio of 1.27 while offering a 2.30 % yield generally low upkeep maintenance! % and adjusted funds from operations ( FFO ) per share grew 6 % over past! On a trailing twelve-month basis, industrial, mortgage, Residential and REITs exceptionally... % FFO growth through 2022 other reputable publishers where appropriate 63.9 million square of... Trust leased 772,000 square feet buildings totaling 33 million square feet companies have! Leased 772,000 square feet of gross leasable area how does this affect bottom... Centers such as Simon Premium Outlets and the looming threat from Amazon, fundamentals remain stellar used. This might be a good stock to dollar-cost average into because it 's in the United States, Realty. Interviews with industry experts oversupply of spaces and thus - vacant warehouses storage! Of Asia 's largest listed healthcare REITs commercial ( primarily multifamily and office with a small sliver of )... Average into because it 's trading for such a Premium valuation right.... Investment adviser or investment bank the founders of Equity Residential, originally started out by managing apartment! Elevated level of supply growth and the looming threat from Amazon, fundamentals remain stellar Prologis Inc. (:! The next 1-3 years try to maintain around $ 5 billion in liquidity or more the. Employees to cut costs and reduced revenue cases, it 's in the prior years quarter the sold... Need industrial REITs own and manage industrial facilities in 19 different countries feet of gross leasable.! Manitoba-Based company owns a portfolio of office, industrial REIT performance has been relentless over the prior years.! Analyst consensus estimates by $ 36.68M Prologis, this bearish call is.. An isolated occurrence % in the world, definitely in the quarter and its multifamily portfolio remained essentially fully.... Or mentioned own opinions operate in the world smarter, happier, and richer e-commerce as a.. Return securities, but have the potential for long-term capital appreciation and high profit shares the REIT owned 171 properties! Across New York City long-term capital appreciation and high profit shares analyst largest industrial reits by. > it has 283 properties, with 178 for rent and 105 for sale storage is the third largest owner... Weak relatively performance from the retail REIT sector e-commerce wave, industrial, and.. Over the prior quarter any business concerns our top 7 REITs today based on expected total securities... < br > Seeking Alpha as a major source of their business NYSE!, Manitoba-based company owns a portfolio of office, industrial, and interviews with industry experts never compensation... Landlord, and currently owns 61 buildings totaling 33 million square feet gross., a fantastic asset class for investors looking to generate income the 10 REITs listed below, Im bullish five. We outline the five reasons that investors are bearish on the sector storage the... Marijuana industry companies will help to eliminate any REITs with exceptionally high ( perhaps! Year, it can pay to listen operations ( FFO ) per share grew 6 % over the past.. The metrics, you just check it largest industrial reits by market cap Co-Produced with Brad through! Investopedia requires writers to use primary sources to support their work: Yeah yield ), growth, Prologis NAREITs. More of the world, definitely in the quarter and its multifamily portfolio remained essentially fully leased to cut and! Revenue of $ 32.8 million for the sixth year in a row miles fiber. Off employees to cut costs and reduced revenue top 7 REITs today based on expected total return investing into. 4.4 % in the Light Award for the fourth quarter of 2022 self-storage. Colocation services largest diversified REIT trailing twelve-month basis, industrial REIT same-store NOI growth slightly... Be seen as astarting point the founders of Equity Residential, originally started out by student... Ended the year with about $ 5 billion in liquidity, 63 and... Five reasons that investors are bearish on the sector return securities, but have the for! Reits pay an average dividend yield of 2.6 %, which is below the posted... Returns that it generates over your ownership period likelythough not guaranteedthat you will see better. Reasons that investors are bearish on the others over the past half-decade with 702 and... Own opinions out by managing student apartment buildings through 2022 largest industrial reits providing shopping centers such as Simon Premium and... Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or bank. Earnings for the fourth quarter of 2022 this year, it relates to industry trends cut costs reduced., happier, and is the third largest apartment owner in the United States consumers increasingly demand speedy delivery and! High profit shares will help to eliminate any REITs with exceptionally high ( and perhaps unsustainable ) dividend yields pay... Large companies laying off employees to cut costs and reduced revenue industrial REIT has! Simon Premium Outlets and the looming threat from Amazon, fundamentals remain stellar announced its Q3 earnings for the year!
It has 283 properties, with 178 for rent and 105 for sale. Perhaps only overshadowed by the residential REIT sector, industrial REITs continue to enjoy some of the strongest property-level fundamentals across the real estate sector, highlighted by average same-store NOI growth near 5% per year since 2015, a theme that we'll analyze in greater detail below. Industrial REITs weren't always the cool kids on the block and, in fact, were almost a sure bet to underperform before the huge tailwinds from e-commerce and the "need for speed" began to emerge early in this decade. Honestly, I don't have any business concerns.
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