Industrial REIT Stocks
Top 10 of 34 INDS holdings, updated
As of 12 October 2026, industrial REIT stocks are trailing the S&P 500, over the past month and over the longer run. INDS trails the S&P 500 by 4.9 points over one month and ranks #62 of 115 groups Zensei tracks. 11 of the 12 industrial REIT stocks Zensei prices in INDS beat the fund this month.
Where industrial REIT stocks stand now
As of 12 October 2026, Industrial & Office Real Estate (INDS) ranks #62 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is out of favor: it trails the S&P 500 on both rotation windows — 4.9 points behind over the past month and 5.6 points behind over the longer, time-shifted window. That is the Underperformers quadrant.
On the shorter tape, INDS's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. INDS's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via Pacer Industrial Real Estate ETF, whose 34 tracked holdings are led by Extra Space Storage Inc, Public Storage and Prologis Inc. Weighted by portfolio, the fund's holdings trade at roughly 27.3× earnings. The thing to watch from here is the one-month spread: underperformers only become interesting when the recent window turns positive first — until then, the market is voting elsewhere.
Top industrial REIT stocks right now
The largest industrial REIT stocks by weight in INDS, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of INDS
- 1Extra Space Storage IncEXR15.1%
- 2Public StoragePSA14.9%
- 3Prologis IncPLD14.7%
- 4Eastgroup Properties IncEGP4.5%
- 5Segro PLC4.5%
Strongest this month
1-month return, holdings Zensei prices
- 1Smartstop Self Storage REIT IncSMA+2.6%
- 2Terreno Realty CorpTRNO+2.2%
- 3Eastgroup Properties IncEGP+0.6%
- 4Lxp Industrial TrustLXP+0.3%
- 5Rexford Industrial Realty IncREXR−0.2%
Industrial REIT Stocks vs the S&P 500
Over the week to 12 October 2026, INDS rose 1.3% while the S&P 500 rose 0.4%. INDS and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means INDS won that window.
Prices as of · computed from daily adjusted closes · how we measure
Industrial & Office Real Estate on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are industrial REIT stocks expensive?
The price-to-earnings ratio of INDS as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out.
INDS holdings: the industrial REIT stocks inside
As of 12 October 2026, 11 of the 12 industrial REIT stocks Zensei prices in INDS beat the fund over the past month. 2 of them beat the S&P 500. The strongest is Smartstop Self Storage REIT Inc (SMA); the weakest is W.P. Carey Inc (WPC). Inside the fund, the holdings move close to the sector.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | EXRExtra Space Storage Inc | 15.1% | −1.5% | −6.7% | +1.4 pts | Pulling back | Strong |
| 2 | PSAPublic Storage | 14.9% | −1.6% | −9.3% | +1.3 pts | Accelerating | Broken |
| 3 | PLDPrologis Inc | 14.7% | −1.6% | −6.1% | +1.2 pts | Accelerating | Strong |
| 4 | EGPEastgroup Properties Inc | 4.5% | +0.6% | −5.6% | |||
| 5 | Segro PLC | 4.5% | — | — | No price data | ||
| 6 | WPCW.P. Carey Inc | 4.3% | −5.6% | −10.1% | |||
| 7 | CUBECubesmart | 3.7% | −2.7% | −5.2% | |||
| 8 | REXRRexford Industrial Realty Inc | 3.5% | −0.2% | +9.2% | |||
| 9 | FRFirst Industrial Realty Trust Inc | 3.4% | −1.4% | −7.0% | |||
| 10 | TRNOTerreno Realty Corp | 3.0% | +2.2% | −5.1% | |||
All 34 INDS holdings by weight: Extra Space Storage Inc (EXR) 15.1%, Public Storage (PSA) 14.9%, Prologis Inc (PLD) 14.7%, Eastgroup Properties Inc (EGP) 4.5%, Segro PLC 4.5%, W.P. Carey Inc (WPC) 4.3%, Cubesmart (CUBE) 3.7%, Rexford Industrial Realty Inc (REXR) 3.5%, First Industrial Realty Trust Inc (FR) 3.4%, Terreno Realty Corp (TRNO) 3.0%, Stag Industrial Inc (STAG) 3.0%, Londonmetric Property PLC 2.1%, Tritax Big Box 2.0%, Warehouses de Pauw SA 1.8%, Glp J-Reit 1.7%, Nippon Prologis REIT Inc 1.7%, Granite Real Estate Investment Trust Unit 1.6%, Lxp Industrial Trust (LXP) 1.6%, AB Sagax 1.5%, Mapletree Industrial Trust Units Real Estate Investment Trust 1.3%, Mapletree Logistics Trust 1.3%, Frasers Logistics & Commercial Trust 1.1%, Dream Industrial Real Estate Investment Trust 1.1%, Big Yellow Group PLC 0.9%, Mitsui Fudosan Logistics Park Inc 0.9%, Ctp NV 0.8%, Smartstop Self Storage REIT Inc (SMA) 0.8%, Catena AB 0.7%, Safestore Holdings PLC 0.6%, Centuria Industrial REIT 0.5%, Esr-Reit 0.4%, Japanese Yen 0.0%, Euro 0.0%, Canadian Dollar 0.0%.
Industrial REIT Stocks: common questions
What are the top 3 industrial REIT stocks?
As of 12 October 2026, the three largest industrial REIT stocks in INDS by fund weight are Extra Space Storage Inc (EXR) (15.1%), Public Storage (PSA) (14.9%) and Prologis Inc (PLD) (14.7%). Fund weight shows size inside the fund, not a recommendation.
Which industrial REIT stocks are beating the sector?
As of 12 October 2026, 11 of the 12 industrial REIT stocks Zensei prices in INDS beat the fund over the past month. The strongest over the past month is Smartstop Self Storage REIT Inc (SMA). The list above shows every holding with its weight and returns.
Are industrial REIT stocks outperforming the S&P 500?
No. As of 12 October 2026, INDS trails the S&P 500 by 4.9 points over the past month.
Is it a good time to invest in industrial REIT stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, industrial REIT stocks are behind the S&P 500 on both the recent and the longer window. The rotation map and the read on this page show whether that trend is building or fading.
What is INDS?
INDS is Pacer Industrial Real Estate ETF. Zensei uses it to measure industrial REIT stocks against the S&P 500 (SPY).
What stocks does INDS own?
As of 12 October 2026, the largest of the 34 positions Zensei tracks in INDS are Extra Space Storage Inc, Public Storage, Prologis Inc, Eastgroup Properties Inc, Segro PLC. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is industrial & office real estate in right now?
As of 12 October 2026, industrial & office real estate is in the Underperformers quadrant — trailing the S&P 500 on both windows. The Zensei methodology page explains the quadrants.
Recent changes
- ·First tracked: trailing the market
Related sectors
Track industrial & office real estate against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.