Great Companies At Good Prices: 3 Fast-Growing Industrial REITs

Dec. 28, 2022 7:00 AM ETEGP, PLD, REXR33 Comments

Summary

  • Industrial REIT prices have been hammered in 2022 by the flight to yield.
  • The selloff has been disconnected from the companies' fundamental performance, which has been stellar.
  • This has created a situation where several Industrial REITs may be oversold, and are available at unusually attractive prices.
  • This article examines the metrics for 3 such companies, with stellar balance sheets and sizzling growth in revenue, cash flow, and dividends.
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Despite outstanding performance from most of the companies in the sector, it has been a tough year for Industrial REIT (real estate investment trust) shares. While the average REIT as measured by the Equity REIT Index has lost (-28.68)% this year, Industrials

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This article was written by

2.9K Followers

Philip Eric Jones is a financial writer, educator, artist, and inspirational speaker. He writes about investing for retirement with a focus on Growth stocks and REITs.

He is a contributor to the investing group iREIT®+HOYA Capital. The service features a team of analysts focusing on real income-producing asset classes that offer the opportunity for reliable income, diversification, and inflation hedging. Learn More.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of EGP, PLD, REXR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

A Buy, Sell, or Hold rating in this article does not constitute a Buy, Sell, or Hold recommendation. All investors should exercise their own due diligence, before investing in any stock.

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SymbolLast Price% Chg
EGP--
EastGroup Properties, Inc.
PLD--
Prologis, Inc.
REXR--
Rexford Industrial Realty, Inc.

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