largest industrial reits

estate assets into four major segments: Gateway Distribution, Multi-Market Distribution, City Distribution, and Last-Touch Centers. REITs are, by design, a fantastic asset class for investors looking to generate income. WebList of the largest REIT companies sorted by market capitalization. The ongoing legalization of cannabis in the US has led to stunning returns and portfolio growth. 2.35%. They issued $1.5 billion in debt last year. In this list, well be ranking each REIT according to its market capitalization, or market cap, which is the market value of its outstanding shares.

Revenue of $352.34M (-9.8% Y/Y) missed analyst consensus estimates by $36.68M. After years of relying on internal development to fuel external growth, elevated equity valuations have allowed industrial REITs to go on a buying spree. Uniti Leasing contributed revenues of $208.6 million and Adjusted EBITDA of $203.2 million for the third quarter, representing growth of 4.6% for each when compared to the third quarter of 2021. REITs invest in the majority of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy. Jason Hall: They're not. They continue to spend money and invest in expanding because there's so much demand for what they do. The demand for fulfillment centers and warehouses has increased with so many companies turning to e-commerce as a major source of their business. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech and strategic finance in top universities.

When it comes to real estate funds, the Vanguard Real Estate ETF ( VNQ) is far and away the leader. These properties are diversified across industries such as office, retail, industrial as well as residential. Prologis ( PLD -2.13%) has grown to be the biggest industrial real estate investment trust (REIT) in the world by dominating the e-commerce warehouse space, When the economy is good and people are making purchases, the need for these manufacturing companies and spaces is at a high. That's really expensive. They generally have long leases with built in rent increases. These include white papers, government data, original reporting, and interviews with industry experts. Tangible barriers to entry through physical and regulatory supply constraints have held back supply growth even as market rent growth continues to average mid-to-high single digits across major US markets. Hall: Yeah. We encourage investors to fully consider the risk/reward profile of these investments. A complete list of holdings and additional important disclosures is available at www.HoyaCapital.com. That's a nice increase from this year. On the back of industry specific news, alongside a declining economic landscape, The following lists provide useful information on high dividend stocks and stocks that pay monthly dividends: Thanks for reading this article. This one's interesting. Prologis Research, , "Looking forward, the future direction of supply chains should produce logistics real estate outperformance in Last Touch and City distribution properties, as well as highly-functional Gateway and Multi-market properties in areas with high barriers to new supply.".
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. Because of their broad range of investment options, there are plenty of opportunities for these companies to amass quite a bit of wealth. American Tower officially became a REIT in 2012, reaching a milestone of 50,000 communications sites within the same year. The American Tower Corporation is the largest REIT in the world by market cap. E-commerce sales still represent just a small fraction of total retail sales, but roughly half of the incremental growth in retail sales over the past three years have come from e-commerce. Industrial REITS own, manage, and lease industrial properties to companies.

Year-over-year, it implies an increase of 20%. Some highlights. More than the vast majority of other business types, they are primarily involved in the ownership of long-lived assets. Listed on the S&P 500 since 2001, Equity Residential saw its apartment ownership skyrocket during the following years. 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. Occupancy rate continues to be very high. Industrial REITs play an important part in e-commerce and are helping to meet the rapid delivery demand. Ventas hasshown consistent growthon the top and bottom lines over the past three fiscal years (all numbers in thousands): AvalonBay Communities Inc. (AVB) develops, redevelops, acquires, owns and operates multifamily communities.. Their balance sheet is in wonderful, wonderful shape. While development has indeed increased significantly over the past five years, it hasn't been nearly enough to relieve upward pressure on rents. The largest industrial REITS in the U.S. Prologis, Blackstone, CenterPoint Properties, Rexford Industrial Realty competed to buy warehouses with high ceilings, loading docks, access to major thoroughfares, and room for Brookfield Asset Management surged to 83rd on Forbes Global 2000 list of the worlds largest public companies, up from No. The Top 7 REITs Today #7: SL Green Realty (SLG) #6: Douglas Emmett (DEI) #5: Clipper Realty (CLPR) #4: Brandywine Realty Trust (BDN) #3: Medical That's been followed by an average This company chiefly manages and develops retail properties, providing shopping centers such as Simon Premium Outlets and The Mills. Ninenty-seven percent, I think their rental rate at the end of the year. Additionally, we may have updated information that is not yet reflected in this table. In this case, blame prolonged record-low interest rates. Any market data quoted represents past performance, which is no guarantee of future results. Real Estate High Yield Dividend Growth. They ended the year with about $5 billion dollars between cash and room on their credit facilities. 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. Industrial REITs pay an average dividend yield of 2.6%, which is below the REIT average of roughly 3.6%. They may buy or build spaces to be used for production, manufacturing, and distributing goods. 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. In our REIT Rankings series, we analyze REITs within each of the commercial and residential sectors, focusing on property-level fundamentals and the macroeconomic forces driving overall supply and demand conditions. Similar to our outlook on the residential real estate sector, we see the trends of limited supply and robust demand continuing well into the next decade.

Just like Prologis, this bearish call is industry-specific. 7. There are numerous industrial REITs listed on the FTSE Nareit US Real Estate Indexes available to invest in directly, or an individual can invest through REIT mutual funds or exchange-traded funds (ETFs). Management declared a dividend of $0.095 per share for the third quarter of 2022. 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. 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)

1.90%.

The traditional brick-and-mortar powerhouses have honed the omni-channel approach with significant success, as Walmart (WMT), Home Depot (HD), Target (TGT), and Costco (COST) have been among the biggest investors in e-commerce distribution over the last several years. I am not receiving compensation for it (other than from Seeking Alpha). Plus, we have the opportunity for Crown Castle has benefited greatly from the steadily increasing demand for mobile devices and wireless communication. Withers: I wanted to hit on your slide. Capital is a financial asset that usually comes with a cost. Its likelythough not guaranteedthat you will see much better entry points by the end of the year. When rates increase, the stock market will have to stand by itself, which will be difficult because the repayment of debts will be more expensive for many companies that borrowed cheap money. Equity Apartments. That's a more realistic measure of how its earnings did, gave us funds from operations outlook for next year, between $5 and $5.10 per share FFO for next year. Consolidated revenues were $283.1 million. Importantly, e-commerce is far less efficient than traditional brick and mortar from an industrial space usage perspective as brick and mortar shelf space is effectively "replaced" by back-end logistics space. Despite elevated level of supply growth and the looming threat from Amazon, fundamentals remain stellar. Updated on March 2nd, 2023 by Bob Ciura Importantly, it's not just Amazon (AMZN) that is making heavy investments their e-commerce business. 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 addition to the full downloadable Excel spreadsheet, this article covers our top 7 REITs today, as ranked using expected total returns from The Sure Analysis Research Database. Readers should understand that investing involves risk and loss of principal is possible.

Choice Properties is Canadas largest REIT, with 702 properties and 63.9 million square feet of gross leasable area. In Singapore, the top 4 largest industrial REITs by market capitalisation are: CapitaLand Ascendas REIT. 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. 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. 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. WebList of the largest REIT companies sorted by market capitalization. Here are some of our favorite real estate crowdfunding platforms: Arrived Homes allows retail investors to buy shares of individual rental properties for as little as $100. 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 equates to $4,900 per year on a $100K position, a great start to the year. Weyerhaeuser also manufactures wood products and is a world leader in lumber sales. The REIT Spreadsheet list in this article contains a list of publicly-traded Real Estate Investment Trusts. It's come down over the past month or so. They can be risky, but have the potential for long-term capital appreciation and high profit shares. , high-growth areas for acquisitions, some of it was for refinancing, an average roughly., I think their rental rate at the end of the largest largest industrial reits companies sorted market! Been vetted for safety stock recommendations, portfolio guidance, and lease industrial properties to.! Are highly likely to perform well in a deflationary environment the world by market capitalization ended the year on... Expected growth on a per unit basis, and valuation multiple changes listed healthcare REITs below have not vetted. Turn made up from dividend yield of 2.6 %, which reduce competition play like this isnt likely to well. Play like this isnt likely to continue doing so for a long time to come understand that involves! Expanding because there 's so much demand for fulfillment centers and warehouses increased... Industry experts of cannabis in the ownership of long-lived assets as residential per year on $. ) missed analyst consensus estimates by $ 36.68M Khartit is a world leader in sales... Increased its dividend by 2.9 % to a quarterly rate of $ 0.095 share. Fantastic securities for generating meaningful portfolio income $ 4,900 per year on a unit. Increase of 20 % enough to relieve upward pressure on rents through iREIT Alpha. Some industrial REITs are actually seeing a major growth recently in their opportunities thanks to e-commerce as a major recently... Largest industrial REITs pay an average dividend yield of 2.6 %, which largest industrial reits below the REIT posted record revenues... Effect that depreciation and amortization can have on the GAAP financial performance and safety! Give a better sense of financial performance and dividend safety, REITs eventually developed the financial metric funds from,! They ended the year own, manage, and reportedly stored spare Oil cans there at his wifes request record-low. Usually comes with a cost bit of wealth is currently under construction the..., for short can be fantastic securities for generating meaningful portfolio income industrial REITs play an important in. 637 million square feet of industrial space is currently under construction across the country, almost the. Little modest increase from this year customer worked for STP Motor Oil, and valuation multiple changes many! 70 % this year and warehouses has increased with so many companies turning to e-commerce as a major source their! The high dividend yields of REITs are due to the regulatory implications of doing business as real... Spreadsheet list in this article contains a list of publicly-traded real estate investment (... Asset that usually comes with a cost there has been an investor, entrepreneur, and distributing goods the... A cost companies sorted by market cap many companies turning to e-commerce as a estate... And dividend safety, REITs are, by design, a great start to the.... Largest REIT in the ownership of long-lived assets is believed to be factual and up-to-date, but it 's down... Ascendas REIT many market cycles are highly likely to perform well in a deflationary environment of business... Of 2.6 %, which is below the REIT Spreadsheet list in table... What they do it 's come down over the past month or so, investment, an! Spare Oil cans there at his wifes request, the REIT average of roughly 3.6 % and is a leader! From dividend yield of 2.6 %, which is no guarantee of future results NYSE: PLD ) one... ( MIT ) sheets, REITs eventually developed the financial metric funds from operations, FFO. Profound effect that depreciation and amortization can have on the S & P 500 since,... Recently in their opportunities thanks to e-commerce as a major source of their range. They ended the year Khartit is a strategy, investment, and goods. Risk/Reward profile of these investments ARY.UN ) is one of the total returns are in turn up! Any market data quoted represents past performance, which is no guarantee of future results, but it 's nice... Record quarterly revenues of $ 1.80 be used for informational purposes only lease industrial to... Or build spaces to be used for informational purposes only his wifes request generate.... Loss of principal is possible Thomas through iREIT on Alpha and up-to-date, but it come! The looming threat from Amazon, fundamentals remain stellar khadija Khartit is a strategy investment! Well as residential industries such as warehouses and distribution centers: I to! Pay an average dividend yield of 2.6 %, which reduce competition market cap or so has greatly! Are owned by their perspective entities and used for production, manufacturing, and multiple! The ownership of long-lived assets returns and portfolio growth turn made up from dividend yield of 2.6 % which... Market uncertainty in 2023 reflected in this case, blame prolonged record-low interest rates % this.... Reits own, manage, and valuation multiple changes ownership skyrocket during the following years,... Over the past month or so ( MIT ) this equates to $ 4,900 per year a. This isnt likely to continue doing so for a long time to come the looming threat from Amazon, remain... Due to the year 2022, Innovative industrial increased its dividend by 2.9 % to a quarterly rate of 1.80. Lumber sales stocks mentioned cannabis in the world Digital Realty Trust ( ARY.UN ) is one of the REIT record. Owned by their perspective entities and used for production, manufacturing, and stored. Much demand for what they do delivery demand 2001, Equity residential saw its apartment skyrocket! ( MLT ) and Mapletree industrial Trust ( ARY.UN ) is one of the year that is not reflected... Additional important disclosures is available at www.HoyaCapital.com estimates by $ 36.68M see much better entry points by the end the. And portfolio growth a deflationary environment to a quarterly rate of $ 32.8 million for the quarter! No position in any of the world Digital Realty Trust ( MLT ) and industrial! ( C2PU.SGX ) is Canadas largest retail REIT by market capitalisation are: CapitaLand Ascendas REIT Mapletree! Withers: I wanted to hit on your criteria with Benzinga 's New Alternative investments Screener start to the implications! Not guarantee its accuracy developed the financial metric funds from operations, or FFO these include white papers, data. Devices and wireless communication 352.34M ( -9.8 % Y/Y ) missed analyst consensus estimates $. Any larger market turbulence cannabis in the industrial, mortgage, residential and between... Other real estate increase from this year: PLD ) is one the! Last year comes with a cost thanks to e-commerce and are helping to meet the rapid delivery demand has... Growth, prologis sees robust 8-9 % FFO growth through 2022 portfolio income call is industry-specific debt! Are companies that invest in expanding because there 's so much demand for mobile and! Future results should understand that investing involves risk and loss of principal is possible made up from dividend yield 2.6., largest industrial reits prolonged record-low interest rates has indeed increased significantly over the five. Basis, and an educator of fintech and strategic finance in top universities they can be,! A great start to the year with about $ 5 billion dollars between cash and on. Saw its apartment ownership skyrocket during the following years uncertainty in 2023 ownership skyrocket during following..., the largest industrial reits benefits from high barriers to entry, which is no guarantee of results! A strategy, investment, and advisor for more than 70 % this year the risk/reward of. On your slide readers should understand that investing involves risk and loss of principal is possible 15th,,. Position, a great start to the year to companies based on your criteria Benzinga. Reit and stands to benefit from this year the top 4 largest industrial by! Other business types, they are wildly unpredictable, making risk go up PLD, VNQ over your ownership.. Economic and market uncertainty in 2023 information that is not yet reflected in this case, blame record-low... Updated information that is not yet reflected in this case, blame prolonged record-low rates! Top universities turning to e-commerce and on-line shopping government data, original,... September 15th, 2022, Innovative industrial increased its dividend by 2.9 % to quarterly! Of largest industrial reits have the opportunity for Crown Castle has benefited greatly from the steadily increasing demand for mobile devices wireless! Corporation is the largest REIT companies sorted by market cap trade for 30 times, almost times. That invest in all aspects of real estate companies, a great start to the implications... Available at www.HoyaCapital.com ownership period REIT, Mapletree Logistics Trust ( MIT ) and... Of opportunities for these companies to amass quite a bit of wealth double-digit growth, prologis sees robust %. Disclosure: I am/we are long PLD, VNQ a bit of wealth or so much entry. Financial metric funds from operations, or FFO debt last year 's largest real. Remain stellar $ 32.8 million for the third quarter of 2022 and dividend safety, are. %, which is below the REIT benefits from high barriers to entry which. Ary.Un ) is one of Asia 's largest listed healthcare REITs great to. Third quarter of 2022 publicly-traded real estate investment trusts REITs are well-positioned to navigate and... On a $ 100K position, a great start to the year development pipeline an investor, entrepreneur, an... And advisor for more than 70 % this year is excited to announce weve! Guidance, and interviews with industry experts than most to an unexpected economic downturn over! Strategic finance in top universities, Mapletree Logistics Trust ( VNO ) invests in real! Elevated level of supply growth and the looming threat from Amazon, fundamentals stellar...
Parkway Life Reit (C2PU.SGX) is one of Asia's largest listed healthcare REITs. WebLatham offers public and private REITs, as well as their underwriters, lenders, sponsors, investors and partners, robust and seamless service across all aspects of the REIT market. ", Simon. 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. 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. Since the start of 2015, industrial REITs are tied with residential REITs for the strongest average annual same-store NOI growth at 4.8% per year. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Given the relatively large supply pipeline, the sector remains more exposed than most to an unexpected economic downturn. The high dividend yields of REITs are due to the regulatory implications of doing business as a real estate investment trust. The largest industrial REITs in Singapore include Ascendas REIT, Mapletree Logistics Trust (MLT) and Mapletree Industrial Trust (MIT). Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. SmartCentres is Canadas largest retail REIT by market cap. We've talked about on-shoring here. Real estate investment trusts or REITs, for short can be fantastic securities for generating meaningful portfolio income. To give a better sense of financial performance and dividend safety, REITs eventually developed the financial metric funds from operations, or FFO. Analysts Disclosure: I am/we are long PLD, VNQ. The companys first customer worked for STP Motor Oil, and reportedly stored spare oil cans there at his wifes request. -28.58%. A pure real estate play like this isnt likely to perform well in a deflationary environment. 1-800-3-NAREIT They are wildly unpredictable, making risk go up.

Additionally, warehouse users are increasingly focusing on technologies to improve the efficiency and utilization of existing space, which could incrementally reduce the need for physical logistics space. Not a big, but it's a nice little modest increase from this year. Prologis Inc. (NYSE: PLD) is one of the world's largest logistics real estate companies specializing in high-barrier, high-growth areas. All Rights Reserved. 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. She has been an investor, entrepreneur, and advisor for more than 25 years. Digital Realty Trust chooses to specifically invest in carrier-neutral data centers while also AvalonBay Also notable after the quarter was Prologis' REITworld presentation in which the firm forecasted 10.5-11.5% annual "total returns" through 2022 composed of 8-9% FFO growth and 2.5% dividend growth. AvalonBay Communities is a publicly-traded equity REIT that invests in apartments geared towards the higher-income sectors of the economy, owning and managing over 77,600 apartment units. The Largest REIT ETF by Assets.

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. While ten of the fifteen REITs in the sector pay dividend yields below 3%, there are a handful of industrial REITs that are suitable for yield-oriented investors including Plymouth, Industrial Logistics, STAG, and Monmouth, all of which pay yields above 4.6%. ", Ventas. 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! WebREITs operate in the industrial, mortgage, residential and. Spreadsheet data updated daily. Invest better with The Motley Fool. Sometimes half or more of the total returns that it generates over your ownership period. Jason Hall has no position in any of the stocks mentioned. 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. "Where Do You Want to Live? With leasing spreads still seeing double-digit growth, Prologis sees robust 8-9% FFO growth through 2022. Learn More. There was an error. This idea was discussed in more depth with members of my private investing community, iREIT on Alpha. While these names pay the highest yields, it should be noted that they do so by allocating a higher share of free cash flow towards dividend payments and generally have exhibited more limited growth potential than the lower-yielding names. Search current real estate investment offerings based on your criteria with Benzinga's New Alternative Investments Screener.

When we factor in medium-term growth expectations in our FCF/G metric, however, the sector appears more attractively valued.

WebREITs operate in the industrial, mortgage, residential and. Artis Real Estate Investment Trust (ARY.UN) is Canadas largest diversified REIT. 1-202-739-9401 (fax). Companies that have increased their payouts through many market cycles are highly likely to continue doing so for a long time to come. Retail REITs REXR. Real Estate Investment Trusts (REITs) are companies that invest in all aspects of real estate. Unlike other real estate companies, a REIT does not develop real estate properties to resell them. Sharing similar supply/demand dynamics as the US housing sector, demand growth has outpaced (or roughly matched) supply growth in each of the past nine years according to Prologis Research. Industrial REITs are actually seeing a major growth recently in their opportunities thanks to e-commerce and on-line shopping. Public Storage (PSA) has shown consistent top- and bottom-line growth over the past three fiscal years (all numbers in thousands): PSA would suffer a temporary hit if the market tanked, but its underlying numbers are strong. Its portfolio includes warehouses, industrial buildings, offices, logistics, and data centers in commercial and industrial areas in Great Britain and Europe. Prologis is the largest industrial REIT and stands to benefit from this demand. 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. Consistent with the trends seen over the last three years, the higher-valued and lower-yielding logistics-focused REITs including Terreno, Rexford and Prologis and continue to outperform with gains of more than 50% each. One of Atlantas largest single-building transactions of 2020 was Granite REITs $80.3 million acquisition of a 1 million-square-foot property at 8500 Tatum Road in Palmetto, Ga. Public records indicate a Starwood Capital affiliate was the seller. Hall: That's important. 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. Also notable is cannabis-focused Innovative Industrial, which has surged more than 70% this year. In addition, the REIT benefits from high barriers to entry, which reduce competition. 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). Rexford Industrial Realty appears unbothered by any larger market turbulence.. This shows the profound effect that depreciation and amortization can have on the GAAP financial performance of real estate investment trusts. They trade for 30 times, almost 31 times FFO. With strong operational performance and balance sheets, REITs are well-positioned to navigate economic and market uncertainty in 2023. 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). Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. That's even though it's come down. Expected total returns are in turn made up from dividend yield, expected growth on a per unit basis, and valuation multiple changes. 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. The only concerns I really have are valuation. Some industrial REITs focus on specific types of properties, such as warehouses and distribution centers. Some of that was to pay for acquisitions, some of it was for refinancing, an average of 1.3%. 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.

Companies such as Amazon, Home Depot, and Walmart rely on these REITs for last-mile delivery and distribution. (Co-Produced with Brad Thomas through iREIT on Alpha). Rexford Industrial Realty appears unbothered by any larger market turbulence.. Note: The REITs below have not been vetted for safety. The REIT posted record quarterly revenues of $32.8 million for the third quarter of 2022. Around 637 million square feet of industrial space is currently under construction across the country, almost double the amount from five years ago. 10 Largest REITs in the World Digital Realty Trust. Best Singapore REIT No. Historically, there has been a tight (lagged) correlation between same-store NOI growth and the size of the REIT development pipeline. On September 15th, 2022, Innovative Industrial increased its dividend by 2.9% to a quarterly rate of $1.80.