Is Prologis a Buy?
Earning season is upon us, and Prologis (NYSE: PLD), as usual, was one of the first real estate investment trusts (REITs) to report numbers. It's a bit of a bellwether for the U.S. economy, so even investors who don't have a position in it will often look to its results to get a read on the status of the domestic consumer and industrial production. But based on its just-reported second-quarter results, is the stock a buy?
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Prologis is one of the premier logistics REITs in the world. It owns and operates 5,563 buildings with 1.2 billion square feet of warehouse space. If you drive along a major artery surrounding any big urban area, you will see giant warehouses with dozens of truck bays. Many of these properties belong to Prologis.
Source Fool.com
