Better Buy: STAG Industrial vs. First Industrial Realty Trust
First Industrial Realty Trust (NYSE: FR) and STAG Industrial (NYSE: STAG) are both real estate investment trusts (REITs) focused on owning industrial real estate. However, they have quite differentiated business models. Because of that, they’ll likely appeal to different investors.
Here’s a closer look at how to determine which of these industrial REITs might be the better buy depending on an investor’s preference.
The case for buying First Industrial Realty Trust
First Industrial currently owns and operates 436 industrial buildings with 64.4 million square feet of space leased to 978 customers. The company focuses on bulk and regional distribution centers and other logistics properties that help meet customers’ supply-chain needs.
Demand for logistics properties is growing at a brisk pace. The pandemic accelerated an already strong market for these properties by quickening the shift…