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Best REIT Industrial stocks by quality

Of the 56 stocks listed here, none currently reaches the maximum quality score. The median valuation of the group comes out at 15.3 times its free cash flow.

The REIT Industrial stocks with the highest scores from our fundamental analysis, ranked from best to worst quality, with their valuation (P/FCF). Click a stock for its full analysis.

#StockQuality scoreP/FCF
1First Industrial Realty Trust Inc (FR)9/1019.0x
2Terreno Realty Corp (TRNO)7/10n.d.
3Sub Sri Thai Real Estate Investment Trust (SSTRT.BK)7/107.1x
4LondonMetric Property Plc (LMP.L)7/1012.5x
5Amata Summit Growth Freehold and Leasehold Real Estate Investment Trust (AMATAR.BK)7/109.2x
6Aljazira Mawten REIT Fund (4331.SR)7/1023.2x
7LaSalle LOGIPORT REIT (3466.T)7/109.9x
8WHA Industrial Leasehold Real Estate Investment Trust (WHAIR.BK)6/1010.8x
9STAG Industrial Inc (STAG)6/1027.2x
10SmartStop Self Storage REIT Inc (SMA)6/1025.1x
11Reysas Gayrimenkul Yatirim Ortakligi A.S. (RYGYO.IS)6/1018.0x
12Public Storage (PSA)6/1021.6x
13Prologis Inc (PLD)6/1063.1x
14National Storage Affiliates Trust (NSA)6/1011.8x
15Industrial Logistics Properties Trust (ILPT)6/108.6x
16Innovative Industrial Properties Inc (IIPR)6/108.4x
17Extra Space Storage Inc (EXR)6/1023.1x
18CubeSmart (CUBE)6/1016.5x
19ESR-REIT (9A4U.SI)6/107.2x
20Japan Logistics Fund, Inc. (8967.T)6/1021.4x
21Nippon Prologis REIT, Inc. (3283.T)6/10n.d.
22SOSiLA Logistics REIT, Inc. (2979.T)6/1011.6x
23UI Boustead Real Estate Investment Trust (UIBU.SI)5/918.6x
24Safestore Holdings Plc (SAFE.L)5/10n.d.
25Prospect Logistics and Industrial Freehold and Leasehold Real Estate Investment Trust (PROSPECT.BK)5/10n.d.
26Alpha Integrated Real Estate Investment Trust (M1GU.SI)5/109.1x
27LXP Industrial Trust (LXP)5/1019.1x
28Eastgroup Properties Inc (EGP)5/1063.8x
29Daiwa House Logistics Trust (DHLU.SI)5/107.1x
30Americold Realty Trust Inc (COLD)5/10n.d.
31Big Yellow Group Plc (BYG.L)5/1014.9x
32Frasers Logistics & Commercial Trust (BUOU.SI)5/1013.4x
33Argan SA (ARG.PA)5/109.9x
34AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust (AIMIRT.BK)5/10n.d.
35ESR Kendall Square REIT Co., Ltd. (365550.KS)5/1035.4x
36Mitsubishi Estate Logistics REIT Investment Corporation (3481.T)5/1071.0x
37GLP J-REIT (3281.T)5/1013.3x
38Warehouses De Pauw SA (WDP.BR)4/1012.1x
39SEGRO Plc (SGRO.L)4/1034.5x
40Rexford Industrial Realty Inc (REXR)4/1061.0x
41Montea Comm. VA (MONT.BR)4/1013.6x
42Mapletree Industrial Trust (ME8U.SI)4/1012.6x
43Modiv Industrial Inc (MDV)4/1015.2x
44Mapletree Logistics Trust (M44U.SI)4/1010.6x
45Frasers Property Thailand Industrial Freehold & Leasehold REIT (FTREIT.BK)4/1021.7x
46Equites Property Fund Limited (EQU.JO)4/10n.d.
47Dexus Industria REIT (DXI.AX)4/1015.3x
48CapitaLand Ascendas REIT (A17U.SI)4/1010.6x
49Industrial & Infrastructure Fund Investment Corporation (3249.T)4/1091.9x
50SF Real Estate Investment Trust (2191.HK)4/108.1x
51Stor-Age Property REIT Limited (SSS.JO)3/10104.3x
52Storage King Group (SKG.AX)3/1019.6x
53AIMS APAC REIT (O5RU.SI)3/1010.6x
54Centuria Industrial REIT (CIP.AX)3/1018.7x
55BWP Trust (BWP.AX)3/1021.9x
56Lineage Inc (LINE)2/10260.7x

Our quality score judges how solid a business is across 10 objective financial criteria (profitability, free cash flow growth, share buybacks, debt, return on capital). The P/FCF (price to free cash flow) shows whether the stock is cheap or expensive. Full method: our methodology.

To place these multiples against sector averages, the reference public sector data is Aswath Damodaran's (NYU Stern).

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