Top 15 Industrial REIT Stocks Ranked by Marvin Scores
Terreno Realty, EastGroup Properties and Prologis lead Marvin's ranking of 15 industrial REIT stocks. Scores compare each company only with others in the REIT - Industrial industry.
Industrial REITs are real estate companies that own and lease property to businesses. This list covers 15 companies in Marvin's REIT - Industrial group, ranked by Overall score. Terreno Realty, EastGroup Properties and Prologis are at the top.
Scores are relative. A high score means a company compares well with others in this industry today. It does not compare the company with all stocks, and it says nothing about what the share price may do.
Some figures are missing for some companies, and a few have weak numbers such as negative returns or high debt. The blurbs below point these out so you can see the full picture for each name.
The list
How Marvin ranked these stocks
Marvin included companies above about $300 million in size and ranked them by Marvin scores, which run from low to high and are relative to each company's own industry. Here that is the REIT - Industrial industry, with the highest Overall score first. A score reflects how a company compares with its industry peers, not with the whole market.
Companies above about $300 million in size, ranked by Marvin scores (0-100, relative to each company's own industry). The REIT - Industrial industry, highest Overall score first.
The stocks, one by one
Terreno Realty Corporation TRNO
Terreno has the top Overall score, 94, with Opportunity at 95. Revenue grew 24.5% last fiscal year and debt-to-equity is a low 0.21. Caution: return on equity of 8.8% is modest, so profit relative to shareholder capital is not a standout.
EastGroup Properties, Inc. EGP
EastGroup has the highest Quality score in the list, 94, and an Overall score of 88. Revenue grew 12.7% and debt-to-equity is a fairly low 0.45. Caution: return on equity is only 8.5%, and no margin figures are available.
Prologis, Inc. PLD
Prologis shows a strong operating margin of 52.4% and Quality of 88. Revenue grew 7.2%. Caution: Opportunity is a middling 63, return on equity is 6.9%, and debt-to-equity of 0.66 is higher than the top two names.
STAG Industrial, Inc. STAG
STAG Industrial has an Overall score of 75 and grew revenue 10.1%, a steady pace. Caution: debt-to-equity of 0.90 is higher than several companies ranked above it, and return on equity is a modest 6.8%.
Public Storage PSA
Public Storage has the highest return on equity in the list, 22.2%, and Quality of 82. Caution: revenue growth is only 2.7%, Opportunity is a low 20, and debt-to-equity is 1.11, among the higher readings here.
CubeSmart CUBE
CubeSmart has a gross margin of 68.3% and return on equity of 12.3%, a reasonable level. Revenue grew a modest 5.3%, and Overall is 63. Caution: debt-to-equity is not available, so its borrowing level cannot be judged here.
First Industrial Realty Trust, Inc. FR
First Industrial has the second-highest Opportunity score in the list, 87, but Quality of just 51. Revenue grew 8.6% and return on equity is 13.1%. Caution: debt-to-equity is not available, so leverage is unclear.
Extra Space Storage Inc. EXR
Extra Space Storage has an operating margin of 40.9% and a gross margin of 72.8%, both healthy. Caution: revenue grew only 3.7%, Opportunity is a low 26, and debt-to-equity is not available.
LXP Industrial Trust LXP
LXP Industrial has a high gross margin of 81.5%, but revenue shrank, with growth of -2.3%. Caution: return on equity is only 3.3%, Quality is 38, and debt-to-equity is a moderate 0.70.
Innovative Industrial Properties, Inc. IIPR
Innovative Industrial Properties has a strong operating margin of 51.4% and return on equity of 7.4%. Caution: revenue fell, with growth of -13.8%, Overall is just 38, and debt-to-equity is not available.
Smartstop Self Storage REIT Inc SMA
SmartStop grew revenue quickly, 18.6%, and has an operating margin of 21.4%. Caution: return on equity is just 2.5%, Opportunity is a low 14, and debt-to-equity is 0.97, which is on the higher side.
Rexford Industrial Realty, Inc. REXR
Rexford grew revenue 7.1% and keeps debt-to-equity at a fairly low 0.43. Caution: return on equity is negative at -5.2%, and Quality of 26 pulls Overall down to 26.
Industrial Logistics Properties Trust ILPT
Industrial Logistics Properties Trust carries debt-to-equity of 9.07, far above the others, and return on equity of -10.2%, which is negative. Quality is 12. Caution: revenue growth is not available, and Opportunity of 44 is its stronger score.
Lineage, Inc. LINE
Lineage grew revenue just 0.3% and has a thin operating margin of 3.6%. Return on equity is negative at -2.1%, and debt-to-equity is 1.03. Caution: Opportunity of 7 is also low, leaving Overall at 13.
Americold Realty Trust, Inc. COLD
Americold has the lowest Overall score here, 7. Its operating margin is -12.5%, return on equity is -18.9%, and revenue growth is -2.4%, all negative. Opportunity of 32 is its better score. Debt-to-equity is not available.
Common questions
What does an industrial REIT do?
A REIT, or real estate investment trust, owns income-producing property. Industrial REITs generally own property used by businesses, such as warehouses and similar facilities, and earn money by leasing it. Marvin groups all 15 companies here under REIT - Industrial.
Does a higher Overall score mean a safer or better company?
Not necessarily. The Overall score shows how a company compares with others in the same industry today, using Marvin's measures. It does not predict future results, so check the individual figures, such as debt-to-equity and return on equity, as well.
Why do some stocks have missing figures in their descriptions?
Not every measure is available for every company. For example, debt-to-equity is missing for several names and revenue growth is missing for Industrial Logistics Properties Trust. The blurbs use only the figures that are available and note when a missing one limits the picture.
Keep reading
- Top 20 REIT Stocks by Marvin Score
- Top 15 Fastest-Growing Profitable Real Estate Companies
- Top 15 Real Estate Stocks Marvin Rates Most Attractive Now
- Top 15 Real Estate Companies With the Strongest Businesses
Free account. Build your own AI-made watchlists, follow Marvin's scores and share lists.
Create a free account
Marvin's scores (0-100) compare each company with others in its industry today. Growth and margin figures come from SEC filings. This is general information, not personal investment advice or a recommendation to buy or sell anything. Do your own research.