This Industrial REIT Is Putting Its Money Where Its Mouth Is
Prologis (NYSE: PLD) has seen its stock decline a huge 25% or so since hitting a high-water mark in 2022. There are a lot of factors that led to the price spike and the subsequent price decline, but there's one factor that investors shouldn't overlook: Demand for warehouses remains strong. So strong, in fact, that Prologis is looking to put its money where its mouth is.
Prologis is a massive real estate investment trust (REIT) with a roughly $115 billion market cap. Its 1.2 billion square feet of warehouse space is spread across four continents, with properties located in key global transportation hubs. To suggest that Prologis is vital to global trade is an understatement; it has 6,600 customers across 19 countries.
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Source Fool.com
