Per EREIT, the merger is expected to unleash several operating synergies. Interest Rates. Here are the world's 10 largest publicly-traded REITs, as of March 25, 2022. In terms of the number of tenants, the combined REIT will have 456 customers, with the contribution by top ten tenants reducing to 25% (EREIT standalone: 31%). As shown above, REITs focus on different sectors of the market. Here are a few interesting ones for investors to consider: Prologis is the largest industrial REIT by a wide margin and one of the largest REITs overall. Theres also the rising prevalence of ecommerce, which has triggered a boom in demand for warehouse space. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Today well be looking at the 10 largest REITs in the world and learning about each companys market areas. 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. If you are a journalist writing a story, an academic writing a research paper or a manager writing a report, we request that you reach out to us for permission to republish this data. Higher interest rates can also make it harder for a REIT to finance its operations. A fully-built out infill area has little threat of new competition, thanks to natural barriers and an already fleshed-out population center. As a Premium user you get access to background information and details about the release of this statistic. Nearly 145 million Americans live in households that invest in REITs. Nareits ESG JumpStart: Virtual Class Series, COLD | Atlanta United States | Industrial REITs, N/A | Denver United States | Industrial REITs, TERRA13 | Mexico City Mexico | Industrial REITs, VESTA.MX | CUAJIMALPA DE MORELOS Mexico | Industrial REITs, EGP | Ridgeland United States | Industrial REITs, FIBRAPL14 | Mexico City Mexico | Industrial REITs, Plymouth Industrial REIT Increases Same Store NOI, STAG Industrials Internal Growth Continues to Accelerate, Forecast for Retail, Office Strong in the Year Ahead, Data Usage Shifts from Descriptive to Predictive, INDUS Realty Trust Focusing on Markets Where it Can Scale the Business, Plymouth Industrial REIT Seeing Healthy Tenant Demand Drive Robust Leasing, CIBanco S.A. I.B.M. 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. E-Commerce Growth. For the quarter, revenues and normalized AFFO/share were $70.9 million and $2.13, an increase of 31.6%, and 24.6%, respectively. Industrial REIT Dividends Stocks, ETFs, Funds. The corporation's portfolio includes 4,675 buildings totaling 1 billion square feet in 19 countries across North America, Latin America, Europe and Asia as of March 2022, serving approximately 5,800 tenants. For 60 years, Nareit has led the U.S. REIT industry by ensuring its members best interests are promoted by providing unparalleled advocacy, investor outreach, continuing education and networking. Step 1: Download the Complete REIT Excel Spreadsheet List at the link above. Innovative Industrial Properties carves out a unique niche among industrial REITs, dealing exclusively with the regulated cannabis industry. Americold owns and operates 185 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage in the United States, Australia, New Zealand, Canada and Argentina. This corporation maintains a network of colocation data centers or carrier hotels where retail customers can rent space, bandwidth, and related equipment. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. For serious investors. Its reasonable to assume that this REIT would benefit from further growth in ecommercemore on this near the end. ", Simon. The REIT currently contributes a 2.34% quarterly dividend. With their historically competitive total returns and comparatively low correlation with other assets make them an attractive addition and diversifier for many Americans portfolios. They generally have long leases with built in rent increases. Making the world smarter, happier, and richer. Many companies are also bringing manufacturing back to the U.S. because of supply chain issues and other factors. STAG is also highly diversified by tenant, market, and industry. Notable REITs [ edit] The five largest REITs in the United States in 2021 are: American Tower Corporation, Prologis, Crown Castle International, Simon Property Group and Weyerhaeuser. Then you can access your favorite statistics via the star in the header. 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. Due to this headwind and its high debt load, the stock has plunged 56% this year, to a 13-year low. Industrial REITs play an important part in e-commerce and are helping to meet the rapid delivery demand. With a vast network of vehicles, Prologis is able to send products to a majority of its business partners within one to two days. Properties in the sector include: IndustrialREITs lease these properties to tenants under long-term contracts, some as long as 25 years. 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. De C.V. Public Storage also consistently receives awards for being one of the best places to work. Updated on January 5th, 2023 by Bob Ciura The REIT also manages third-party-owned facilities and provides transportation services. On the other hand, OPI has greatly increased its debt load after its latest acquisition. The largest industrial and logistics REIT, Prologis, saw its market cap fall from about 125 billion U.S. dollars to approximately 75 billion U.S. dollars between December 2021 and September. PS Business Parks expands by acquiring industrial buildings. Recently reported third-quarter financials showing $70.9 million in revenue, representing a 32% increase from 2021. How will the most valuable brands continue to evolve over the coming decades? Depreciation and amortization expenses reduce a companys net income, which means that sometimes a REITs dividend will be higher than its net income, even though its dividends are safe based on cash flow. The REIT expects its interest expense to increase next year due to higher interest rates. 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. In turn, investors don't have to . Leading industrial and logistics real estate investment trusts (REITs) in the United States from 2019 to 2022, by market capitalization (in billion U.S. dollars) [Graph]. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Should that figure continue to rise, industrial real estate prices could be in store for robust, long-term growth. All material subject to strictly enforced copyright laws. Others were classic American brands and companies at the top of their fields, including Coca-Cola, General Electric, Ford, and McDonalds. Self-storage isnt an industry that will take a big hit when reality sets in. The founders retain about 2/3 of the ownership and votes today as they have never sold a share, thereby causing some corporate governance concerns but also giving investors knowledge that the insiders are heavily incentivized to look out for shareholder interests. [1] Notable publicly traded real estate investment trusts based in the United States include: When he's not working, youll likely find him running or traveling. Largest Industrial REITs Next on my list is Taubman Centers, Inc. (TCO), an apparel-based shopping center REIT with properties in 11 states. Clipper Properties owns commercial (primarily multifamily and office with a small sliver of retail) real estate across New York City. REITs provide a low-cost and simple way to invest in real estate. Learn more about REITs. REITs often invest in a wide variety of commercial properties, ranging from office complexes and public self-storage to timberlands and shopping centers. Arrived Homes acquires properties in some of the fastest-growing rental markets in the country, then sells shares to individual investors who simply collect passive income while waiting for the property to appreciate in value over 5 to 7 years. Both real estate and REITs have their advantages, but REITs allow you to buy in for a much smaller amount of money. Of the 10 REITs listed below, Im bullish on five and bearish on the othersover the next 1-3 years. Prologis stands out from other logistics-focused industrial REITs. The REIT has a history of gobbling up new locations, leading to more buildings than supply demanded in the last few years. American Tower vs. Crown Castle: Which Mega-REIT Should You Buy? So, just how large can REITs get? How Much Prime Real Estate Could You Buy for $1 Million? Offerings are available to non-accredited investors. Why Medical Properties Trounced the Market Today, This Ultra-High-Yield Dividend Stock Got Another Healthy Dose of Good News, 2 High-Yield Dividend Stocks That Are Safer Than They Seem. An industrial REIT focused on medical-use cannabis real estate. US REITs are especially attractive for IRA and other tax-deferred accounts. Understanding their differences is an important step to consider before making an investment. A global leader in logistics real estate. "Where Do You Want to Live? Check out our list below for the answers. The 2.9% Americold also sells products direct to consumers for consumption. CoStars Lisa McNatt says Americans are spending $5 trillion of pandemic-era savings in retail and other sectors, and employees are returning to the office. Nearly 145 million Americans live in households that invest in REITs. The company spent $1.9 billion acquiring industrial buildings in 2021, bringing its total portfolio to 296 properties with 37.1 million square feet of space in key in-fill Southern California last-mile submarkets. As of September 30th, 100% of IIPRs properties were leased with a weighted-average remaining lease term of approximately 15.5 years, half a year less than the previous quarter, but a still very impressive one. Click here to download our most recent Sure Analysis report on BDN (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. Chaikin Power Gauge Report Review: Are Marcs Ratings Legit? The company owns and operates almost 5,000 buildings and has a market cap of over $100 billion. During the year 2017, Public Storage earned twice what the next-largest storage company, Extra Space Storage, did. Below we have ranked our top 7 REITs today based on expected total returns. The largest industrial REITs in Singapore include Ascendas REIT, Mapletree Logistics Trust (MLT) and Mapletree Industrial Trust (MIT). Equity Apartments. It has over 2,500 storage facilities in the United States alone, with another 300 in Western Europe. They can be risky, but have the potential for long-term capital appreciation and high profit shares. Mapped: Which Countries Have the Highest Inflation? Revenue grew 6.5% and adjusted funds from operations (FFO) per share grew 7% over the prior years quarter. Temperature-controlled warehouses (e.g., cold-storage facilities). Capital is a financial asset that usually comes with a cost. Get tips on investing in real estate via mortgage REITs. It has held this title for over 30 years, opening its doors for the first time nearly 40 years ago. It completes sale-leaseback transactions to acquire dispensaries, cultivation facilities, processing facilities, manufacturing facilities, and other properties that it leases back to regulated operators, giving them the capital to continue expanding their operations. Learn about the industry and your options for investing. Americold Realty Trust has been in business for nearly 120 years, providing services from coast to coast and around the globe. Among at least 10 industrial trusts listed on SGX, the 3 largest by market cap are: Ascendas REIT, Mapletree Logistics Trust and Mapletree Industrial Trust. Recession Resistant. As soon as this statistic is updated, you will immediately be notified via e-mail. New, bigger and better facilities are built. Today, the REIT owns nearly 5,000 industrial buildings across North America, Latin America, Asia, and Europe. If you are an admin, please authenticate by logging in again. The occupancy rate fell sequentially from 94.3% to 90.7% and normalized funds from operations (FFO) per share dipped -10% over the prior years quarter, from $1.24 to $1.11. Fortunately, Simon Property Group also relies on premium outlets, which have been performing well. But over the next 20 years, much of the old guard was replaced by new and rising brands. statistic alerts) please log in with your personal account. This leads to stock depreciation across the board, which then leads to reduced consumer spending and deflation. 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. Both of these REITs work with major tech firms such as Amazon and Google. Dan Moskowitz does not have any positions in any of the aforementioned names. Considering that REITs aren't designed for stock. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. The Largest Industrial REIT. At the end of 2021, the company had investments in almost 4,700 buildings encompassing almost 1 billion square feet of space leased to about 5,800 tenants. Their focus on long-term triple net leases makes the sector relativelyrecession-resistant and keeps operating costs down compared to other types of commercial real estate. Using its decades of knowledge, the company aspires to provide superior, consistent shareholder returns. There are also exchange-traded funds (ETFs) and mutual funds which may hold a basket of REITs. Real estate generally is a long-term investment strategy that could help diversify any portfolio. It had more than 500 buildings exceeding 100 million square feet of space in early 2022, including warehouses, light manufacturing, and flex/office space. Quarterly income from operations came in at $7.3 million and the company generated record net operating income of $17.4 million. A new CEO has stepped in to remedy the problem, and Americold appears better for it. Here are the worlds 10 largest publicly-traded REITs, as of March 25, 2022. But this group relies on shopping malls, which are mostly out of favor with Americans these days. When retailers suffer, so does Simon Property Group, and the near future isnt likely to present an environment that leads to strong consumer spending. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. Prologis, Inc. (PLD) owns, develops, manages, and leases industrial distribution and retail properties. Prologis has strong fundamentals, including a debt-to-equity ratio of just 0.62 while offering a generous yield of 3.30%. On September 15th, 2022, Innovative Industrial increased its dividend by 2.9% to a quarterly rate of $1.80. You only have access to basic statistics. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. We will be in touch soon. They may buy or build spaces to be used for production, manufacturing, and distributing goods. Some REITs choose to do this monthly, but the majority prefer a quarterly approach. Real estate investment trusts or REITs, for short can be fantastic securities for generating meaningful portfolio income. ", Prologis, Inc. "Prologis Launches Essential Marketplace. Marc Chaikins Predictions and Warnings for 2023, The Ferris Report Review (Americas Stock Market Dead Zone?). Since REITs, by design, have to pay 90% of net income to investors, you can count on dividends as an extra source of money. Learn more about how Statista can support your business. Some industrial REITs focus on specific types of properties, such as warehouses and distribution centers. This is despite consistently good financial numbers, including a 14.7% revenue increase over 2021. The ever-increasing demand for cannabis plays right into Innovative Industrial Properties business model. With little supply and high demand among tenants, Rexford seeks to step in and help balance the scales. Top 7 Best Industrial REITs Prologis REIT - Best industrial REIT Plymouth Industrial REIT - Best industrial property REIT Rexford Industrial Realty, Inc. - Best industrial REIT stock Warehouse REIT - Best warehouse REIT Industrial Logistics Properties Trust - Best industrial REIT ETF Americold Realty Trust - Best cold storage REIT These differences have enabled Prologis to grow faster than other logistics REITs over the years. Indianapolis, Chicago and Atlanta are the company's three largest markets by square feet. As a Premium user you get access to the detailed source references and background information about this statistic. While major distribution and e-commerce giants like Amazon and FedEx are indeed among the largest industrial REIT tenants - and are decent bellwethers for the overall direction of incremental.

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