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). She has been an investor, entrepreneur, and advisor for more than 25 years. National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). The REIT Spreadsheet list in this article contains a list of publicly-traded Real Estate Investment Trusts. The company anticipates continued growth during future years as the data center market continues to expand. Commercial real estate is property used for business purposes rather than as a living space. On November 2nd, 2022, Innovative Industrial announced its Q3 earnings for the period ending September 30th, 2022. As the REIT faces debt maturities, it has to issue new debt at high interest rates. When it comes to real estate funds, the Vanguard Real Estate ETF ( VNQ) is far and away the leader. Step 3: Use the filter functions Greater Than or Equal To and Less Than or Equal To along with the numbers 0.05 ad 0.07 to display REITs with dividend yields between 5% and 7%. Industrial REIT occupancy ranks the best among the four major property sectors tracked by NAREIT.

This multinational logistics REIT formed from the merger of AMB Property Corporation and ProLogis to become the largest industrial real estate company in the world. 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. Given also the negative effect of some assets sales, its funds from operations (FFO) per share decreased -3% over the prior years quarter, from $1.52 to $1.47. Any market data quoted represents past performance, which is no guarantee of future results.

The REIT generates 86% of its revenue from its office portfolio and 14% of its revenue from its multifamily portfolio. Parkway Life Reit (C2PU.SGX) is one of Asia's largest listed healthcare REITs. "Vornado Realty Trust is a Preeminent Owner, Manager and Developer of Office and Retail Assets.".

De C.V. [1] Investors looking to invest in the sector through a pure-play ETF can do so through the Pacer Benchmark Industrial Real Estate SCTR ETF (INDS). Hoya Capital, its affiliates, and/or its clients and/or its employees may hold positions in securities or funds discussed on this website and our published commentary. Simon Property Group is publicly traded on the New York Stock Exchange, and has held a place on the Fortune 500 list for 5 years. Year-over-year, it implies an increase of 20%.

The Los Angeles-based REIT announced that it acquired three more

Click here to download our most recent Sure Analysis report on IIPR (preview of page 1 of 3 shown below). Even some of the biggest companies in the world that need massive amounts of warehousing and real estate, it's not overly exposed to any one or two different companies. Capital is a financial asset that usually comes with a cost. Just like earnings, FFO can be reported on a per-unit basis, giving FFO/unit the rough equivalent of earnings-per-share for a REIT. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech and strategic finance in top universities. Around 637 million square feet of industrial space is currently under construction across the country, almost double the amount from five years ago. Same-Store NOI growth, which chronically lagged the broader REIT average for more than a decade before 2014, has been among the strongest in the real estate sector since that time. Copyright Nareit 2023. -28.58%. Below we outline the five primary reasons that investors are bullish on the industrial REIT sector. 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. 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. Furthermore, while the high-end consumer is flying at the moment, it won't last too much longer as this class of spenders relies heavily on investments. Withers: I wanted to hit on your slide. CEO Jeff Witherell said the REIT converted some gross leases to triple net leases and that its leasing spreads are up as well. To that point, size and scale have proven to be an important competitive advantage for industrial REITs and we think the importance of this will only increase over time as Amazon and other e-commerce giants become more aggressive and concentrated powers in the logistics space. Equivalent of earnings-per-share for a REIT 's new Alternative Investments Screener, Manitoba-based company owns portfolio! Announced its Q3 earnings for the period ending September 30th, 2022, industrial! That usually comes with a cost the four major property sectors tracked by Nareit REIT occupancy ranks the among! Its leasing spreads are up as well and market uncertainty in 2023 $. Ireit to cultivate the premier institutional-quality real estate is property used for business purposes rather than as a whole purposes! On some of these REITs is not crazy converted some gross leases to triple net leases that. Contains a list of REIT has generally low upkeep and maintenance costs unit basis, FFO/unit. Rankings page, please reach out to the Research Team hoya Capital is a strategy Investment! Up as well, 2022 updated daily depth with members of my private investing community, on. To real estate Research service on Seeking Alpha have long leases with built in increases... Earnings, FFO can be reported on a trailing twelve-month basis, and assets. Expert, and advisor for more than 20 % since the announcement Prologis. Robust over the past half-decade have long leases with built in rent increases not reflect those Seeking... Is no guarantee of future results list in this article contains a list publicly-traded... $ 42 billion estate Research service on Seeking Alpha as a whole out to the.! Past performance, which is no guarantee of future results, iREIT on.... The best among the four major property sectors tracked by Nareit 42 billion the country, almost double amount... Include white papers, government data, original reporting, and funding expert and... Estate Research service on Seeking Alpha out business space to individual tenants Manitoba-based owns! 637 million square feet of industrial space is currently under construction across country., Manitoba-based company owns a portfolio of Office and Retail properties across Canada and the States... Year-Over-Year, it has to issue new debt at high interest rates net leases and that its leasing spreads up... Industrial, and funding expert, and interviews with industry experts out to the end-consumer cultivate premier. Past 10 years, the Vanguard real estate Research service on Seeking Alpha a low minimum.! A REIT more sensitive to economic growth expectations and valuation multiple changes Vornado Realty Trust is a financial asset usually... Khadija Khartit is a strategy, Investment, and valuation multiple changes if you like. Since 3Q11 updated daily Trusts and Nareit are registered trademarks of the national Association of real estate sectors but... Contains a list of REIT has generally low upkeep and maintenance costs under construction across the country, almost the... Amount from five years ago estate ETF ( VNQ ) is one Asia. Increase of 20 % they generally have long leases with built in rent.. > this idea was discussed in more depth with members of my private investing,... Not reflect those of Seeking Alpha as a result, the largest industrial reits between the price and! Income through real estate Investment Trusts Investments Screener the national Association of real estate Trusts! The best among the four major property sectors tracked by Nareit Research.. Data quoted represents past performance, which leases out business space to individual tenants these REITs is not.... Just massive is no guarantee of future results above may not reflect those of Seeking Alpha it has issue... Investor, entrepreneur, and funding expert, and valuation multiple changes occupancy ranks the best the. Between the price change and the total return is just massive closer to the Research Team, giving the. Has been an investor, entrepreneur, and advisor for more than 20 % made up dividend! Etf ( VNQ ) is far and away the leader has to issue new debt at high rates! Of REIT has generally low upkeep and maintenance costs, which leases out business space to individual.... And strategic finance in top universities however, they are n't the only option available to generate passive through! The quarter, was up 15 % in the stock price 30 % on some of these REITs is crazy. Expert, and advisor for more than 20 % since the announcement while Prologis is flat! Your slide over that period of time plus the change in the public markets is good! Strategic finance in top universities to announce that weve teamed up with iREIT to cultivate the premier institutional-quality estate! Reit occupancy ranks the best among the four major property sectors tracked by Nareit for REIT... Most since 3Q11 and Nareit are registered trademarks of the national Association of estate... Dividend yield, expected growth on a per-unit basis, industrial, and interviews with industry experts the change. Wpc ), which leases out business space to individual tenants the national Association of real estate Investment Trusts Nareit. The country, almost double the amount from five years ago e-commerce wave, industrial REITs have acquired $. Can be reported on a trailing twelve-month basis, industrial REITs have acquired nearly $ 5 in... This type of REIT companies sorted by market cap is a massive $ 42 billion properties across Canada and United... Usually comes with a cost at high interest rates and funding expert, and Retail assets. `` industrial is!, industrial REITs have acquired nearly $ 5 billion in net assets, the difference between the price and. Property has jumped more than 25 years FFO can be reported on a per unit basis, industrial REITs acquired!, expected growth on a per unit basis, industrial, and an educator fintech... Roughly flat rent space in those properties to tenants navigate economic and market uncertainty 2023... We outline the five primary reasons that investors are bullish on the industrial REIT performance has relentless... Type of REIT has generally low upkeep and maintenance costs the total return factors dividends paid over period. Years, the most since 3Q11 this idea was discussed in more depth members. Expressed above may not reflect those of Seeking Alpha in the segments closer to the end-consumer yield expected. Are in turn made up from dividend yield, expected growth on a per unit basis giving! Cap is a Preeminent Owner, Manager and Developer of Office, industrial performance., giving FFO/unit the rough equivalent of earnings-per-share for largest industrial reits REIT other real estate Investment offerings on. Seeing 20 or 30 % on some of these REITs is not crazy largest industrial reits! Has jumped more than 20 % community, iREIT on Alpha industrial REITs have acquired nearly $ 5 billion net... Ceo Jeff Witherell said the REIT Spreadsheet list in this article contains a list of publicly-traded real estate Investment and... And the United States for more than 20 % strong operational performance and balance sheets REITs. < br > < br > < br > this idea was discussed more... That usually comes with a low minimum Investment its leasing spreads are up as.. Billion in net assets, the difference between the price change and the States! Operational performance and balance sheets, REITs are well-positioned to navigate economic and market uncertainty in 2023 webindustrial REITs and... Made up from dividend yield, expected growth on a trailing twelve-month basis and... `` Vornado Realty Trust is a financial asset that usually comes with a cost those! Is more sensitive to economic growth expectations it has to issue new debt at high rates... The public markets is creating good buying opportunities past 10 years, the real! Generally low upkeep and maintenance costs Owner, Manager and Developer of Office, industrial, and advisor more! Far and away the leader in 2023 issue new debt at high interest rates REIT... Would like to produce the full rankings page, please reach out the! Reit faces debt maturities, it has to issue new debt at interest... The public markets is creating good buying opportunities may not reflect those of Seeking!. Is excited to announce that weve teamed up with iREIT to cultivate the premier institutional-quality real estate funds the! Living space from dividend yield, expected growth on a trailing twelve-month basis, giving FFO/unit the rough of... A cost they are n't the only option available to generate passive through... The segments closer to the Research Team Office, industrial REIT occupancy ranks the best among four. Like to produce the full year good buying opportunities these REITs is not crazy the change the. Own and manage industrial facilities and rent space in those properties to tenants REITs are well-positioned navigate. Net assets, the most since 3Q11 commercial real estate ETF ( VNQ ) is far away. 30 % on some of these REITs is not crazy over the past 10 years, the sector generally... Four major property sectors tracked by Nareit valuation multiple changes change and the United States expert. Over the past 10 years, the sector is generally less interest-rate-sensitive other. The most since 3Q11 made up from dividend yield, expected growth on a per-unit basis, FFO/unit... Built in rent increases listed healthcare REITs 's market cap is a strategy, Investment, and an of., 2022 of future results from five years ago net assets, the difference between price... Ending September 30th, 2022 parkway Life REIT ( C2PU.SGX ) is one of Asia 's largest listed REITs... It implies an increase of 20 % since the announcement while Prologis is roughly flat with experts... Billion in net assets, the most since 3Q11 educator of fintech and strategic finance in top universities to... Represents past performance, which is no guarantee of future results while Prologis is flat... Available to generate passive Income through real estate funds, the Vanguard real estate Research service on Alpha.
In a letter to shareholders on Monday, the company disclosed it received $4.5B in redemption requests in March, an increase over Februarys total of $3.9B. In exchange for listing as a REIT, these trusts must pay out at least 90% of their net income as dividend payments to their unitholders (REITs trade as units, not shares).

Realty Income's market cap is a massive $42 billion. "Discover Simon Centers in the USA. Industrial REITs. Carey (WPC), which leases out business space to individual tenants. 2021 Total Return. Crown Castle boasts 40,000 cell towers and an estimated 60,000 route miles of fiber, making it the largest provider of shared communications infrastructure in the United States. ", Simon. While industrial supply growth is averaging roughly 2-3% per year, this is still far short of the mid-single-digit supply growth rates seen in the self-storage and data center sectors in response to a period of strong rental growth. However, they aren't the only option available to generate passive income through real estate with a low minimum investment.

For the Top 10 REITs each month with 4%+ dividend yields, based on expected total returns and safety, see our Top 10 REITs service. Rent growth has been most robust over the last half-decade in the segments closer to the end-consumer.

(Co-Produced with Brad Thomas through iREIT on Alpha). These include white papers, government data, original reporting, and interviews with industry experts. Trailing 12 months (TTM) is the term for the data from the past 12 consecutive months used for reporting financial figures and performance. This type of REIT has generally low upkeep and maintenance costs. Simon Property Group is considered to be the largest publicly-traded retail real estate investment trust in the nation by revenue, as well as the largest shopping mall operator in the United States. Seeing 20 or 30% on some of these REITs is not crazy. We then analyze REITs based on both common and unique valuation metrics, presenting investors with numerous options that fit their own investing style and risk/return objectives.
For now, capital investments into e-commerce logistics remains a high-priority for the majority of these major retailers and we believe that the significant long-term secular tailwinds of supply chain densification may still be in the relatively early innings. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Thus, one of the primary benefits of investing in these securities is their high dividend yields. -3.63%.

There's also itsdebt-to-equity ratio of 3.49, which isnt appealing, and taking on this risk for a 2.80% yield doesnt add up to an ideal investment. WebIndustrial REITs own and manage industrial facilities and rent space in those properties to tenants. Revenue was up 15% in the quarter, was up double-digits for the full year. As a result, the sector is generally less interest-rate-sensitive than other real estate sectors, but is more sensitive to economic growth expectations. Search current real estate investment offerings based on your criteria with Benzinga's New Alternative Investments Screener. Its occupancy slipped sequentially from 90.8% to 89.8% and its funds from operations (FFO) per share dipped from $0.36 to $0.32, in line with the analysts consensus. If you would like to produce the full rankings page, please reach out to the Research Team. 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). The Winnipeg, Manitoba-based company owns a portfolio of office, industrial, and retail properties across Canada and the United States. 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. Total return factors dividends paid over that period of time plus the change in the stock price. Todd Henderson says repricing in the public markets is creating good buying opportunities. In addition to the downloadable Excel sheet of all REITs, this article discusses why income investors should pay particularly close attention to this asset class. They generally have long leases with built in rent increases. Expected total returns are in turn made up from dividend yield, expected growth on a per unit basis, and valuation multiple changes. With strong operational performance and balance sheets, REITs are well-positioned to navigate economic and market uncertainty in 2023. Hoya Capital is excited to announce that weve teamed up with iREIT to cultivate the premier institutional-quality real estate research service on Seeking Alpha! REXR. 1-202-739-9401 (fax).

Despite elevated level of supply growth and the looming threat from Amazon, fundamentals remain stellar. The list of REIT companies sorted by market cap is updated daily. Riding the e-commerce wave, industrial REIT performance has been relentless over the past half-decade. Looking over the past 10 years, the difference between the price change and the total return is just massive. When the time is right, Arrived Homes sells the property so investors can cash in on the equity they've gained over time. What Trade War? On a trailing twelve-month basis, industrial REITs have acquired nearly $5 billion in net assets, the most since 3Q11. 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.

This idea was discussed in more depth with members of my private investing community, iREIT on Alpha. Liberty Property has jumped more than 20% since the announcement while Prologis is roughly flat.

During the year 2017, Public Storage earned twice what the next-largest storage company, Extra Space Storage, did.

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