Sectors & IndustriesReal EstateREIT - Industrial

Best Industrial REIT Stocks to Buy Now (2025)

Top industrial reit stocks in 2025 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +32.52% per year, and are the best industrial reit stocks to buy now. Learn More.

According to Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best industrial reit stocks to buy right now are:

Granite Real Estate Investment Trust (NYSE:GRP.U) is the #1 top industrial reit stock out of 18 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year. Learn more.

The Component Grade breakdown for Granite Real Estate Investment Trust (NYSE:GRP.U) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: D, Financials: C, and AI: C.

Granite Real Estate Investment Trust (NYSE:GRP.U) has a Due Diligence Score of 14, which is -18 points lower than the industrial reit industry average of 32.

GRP.U passed 5 out of 38 due diligence checks and has weak fundamentals. Granite Real Estate Investment Trust has seen its stock lose -13.55% over the past year, underperforming other industrial reit stocks by -8 percentage points.

Granite Real Estate Investment Trust has an average 1 year price target of $86.00, an upside of 96.53% from Granite Real Estate Investment Trust's current stock price of $43.76.

Granite Real Estate Investment Trust stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Granite Real Estate Investment Trust, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Lxp Industrial Trust (NYSE:LXP) is the #2 top industrial reit stock out of 18 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year. Learn more.

The Component Grade breakdown for Lxp Industrial Trust (NYSE:LXP) is: Value: D, Growth: C, Momentum: C, Sentiment: B, Safety: B, Financials: C, and AI: B.

Lxp Industrial Trust (NYSE:LXP) has a Due Diligence Score of 35, which is 3 points higher than the industrial reit industry average of 32.

LXP passed 13 out of 38 due diligence checks and has average fundamentals. Lxp Industrial Trust has seen its stock lose -12.36% over the past year, underperforming other industrial reit stocks by -7 percentage points.

First Industrial Realty Trust (NYSE:FR) is the #3 top industrial reit stock out of 18 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year. Learn more.

The Component Grade breakdown for First Industrial Realty Trust (NYSE:FR) is: Value: C, Growth: D, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: C.

First Industrial Realty Trust (NYSE:FR) has a Due Diligence Score of 35, which is 3 points higher than the industrial reit industry average of 32.

FR passed 12 out of 38 due diligence checks and has average fundamentals. First Industrial Realty Trust has seen its stock lose -0.74% over the past year, overperforming other industrial reit stocks by 5 percentage points.

First Industrial Realty Trust has an average 1 year price target of $55.60, an upside of 22.31% from First Industrial Realty Trust's current stock price of $45.46.

First Industrial Realty Trust stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering First Industrial Realty Trust, 0% have issued a Strong Buy rating, 20% have issued a Buy, 80% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 16 industrial reit stocks that have issued dividends in the past year, the 3 industrial reit stocks with the highest dividend yields are:

Innovative Industrial Properties (NYSE:IIPR) has an annual dividend yield of 14.84%, which is 10 percentage points higher than the industrial reit industry average of 4.44%. Innovative Industrial Properties's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Innovative Industrial Properties's dividend has shown consistent growth over the last 10 years.

Innovative Industrial Properties's dividend payout ratio of 134.8% indicates that its high dividend yield might not be sustainable for the long-term.

National Storage Affiliates Trust (NYSE:NSA) has an annual dividend yield of 6.38%, which is 2 percentage points higher than the industrial reit industry average of 4.44%. National Storage Affiliates Trust's dividend payout is stable, having never dropped by more than 10% in the last 10 years. National Storage Affiliates Trust's dividend has shown consistent growth over the last 10 years.

National Storage Affiliates Trust's dividend payout ratio of 190.7% indicates that its high dividend yield might not be sustainable for the long-term.

Global Self Storage (NASDAQ:SELF) has an annual dividend yield of 5.69%, which is 1 percentage points higher than the industrial reit industry average of 4.44%. Global Self Storage's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Global Self Storage's dividend has shown consistent growth over the last 10 years.

Global Self Storage's dividend payout ratio of 152.6% indicates that its high dividend yield might not be sustainable for the long-term.

Industrial reit stocks were down -2.7% in the last day, and down -0.1% over the last week.

We couldn't find a catalyst for why industrial reit stocks are down.

Based on the Valuation rating, one of the 7 components of a stocks overall Zen Ratings grade, which evaluates factors including estimated earnings yield, earnings before interest and taxes/enterprise value, cash flow yield, free cash flow to price, and price-to-earnings growth (PEG ratio), the 3 most undervalued industrial reit stocks right now are:

Innovative Industrial Properties (NYSE:IIPR) is the most undervalued industrial reit stock based on its Valuation Rating of B. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Innovative Industrial Properties has a valuation score of 71, which is 46 points higher than the industrial reit industry average of 25. It passed 5 out of 7 valuation due diligence checks.

Innovative Industrial Properties's stock has dropped -46.93% in the past year. It has underperformed other stocks in the industrial reit industry by -41 percentage points.

Granite Real Estate Investment Trust (NYSE:GRP.U) is the second most undervalued industrial reit stock based on its Valuation Rating of C. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Granite Real Estate Investment Trust has a valuation score of 14, which is -11 points higher than the industrial reit industry average of 25. It passed 1 out of 7 valuation due diligence checks.

Granite Real Estate Investment Trust's stock has dropped -13.55% in the past year. It has underperformed other stocks in the industrial reit industry by -8 percentage points.

Cubesmart (NYSE:CUBE) is the third most undervalued industrial reit stock based on its Valuation Rating of C. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Cubesmart has a valuation score of 29, which is 4 points higher than the industrial reit industry average of 25. It passed 2 out of 7 valuation due diligence checks.

Cubesmart's stock has dropped -8.92% in the past year. It has underperformed other stocks in the industrial reit industry by -3 percentage points.

60% of industrial reit stocks rated by analysts are a buy right now. On average, analysts expect industrial reit stocks to rise by 23.56% over the next year.

0% of industrial reit stocks have a Zen Rating of A (Strong Buy), 0% of industrial reit stocks are rated B (Buy), 70.59% are rated C (Hold), 29.41% are rated D (Sell), and 0% are rated F (Strong Sell).