Where Will Prologis Be in 1 Year?
Shares of real estate investment trust (REIT) Prologis (NYSE: PLD) have fallen over 30% so far in 2022. That type of drop might suggest that the warehouse landlord is facing material difficulties, but that's not the case. Here's why Prologis will be a bigger and better company a year from now no matter what Wall Street thinks of its stock.
Part of the reason why Prologis' stock has fallen so much in 2022 is because it rose so much in 2020 and 2021. The story behind the uptrend is fairly easy to understand. When the COVID-19 pandemic hit in early 2020, people were forced to socially distance, and online sales drastically increased. That meant there was a huge need for warehouse space, which is exactly what Prologis provides.
Image source: Getty Images.
Source Fool.com
