PLD Stock Recent News
PLD LATEST HEADLINES
The latest trading day saw Prologis (PLD) settling at $132.49, representing a -0.05% change from its previous close.
Prologis is a dominant global industrial REIT with a market capitalization of $123 billion. The company has strong future growth potential driven by the growing e-commerce sector and low supply of logistics space. Prologis has a fortress balance sheet, but it's expensive with a low sub-3% dividend yield.
Prologis (PLD) announces a 10.3% hike in quarterly distributions, maintaining its impressive track record of increasing dividends.
Prologis: Buy This REIT Now For Winning Dividend Growth
In the latest trading session, Prologis (PLD) closed at $133.42, marking a +0.05% move from the previous day.
Industrial REITs are enjoying rapid rent growth. However, they typically only offer a low dividend yield. We highlight 2 high yielding industrial REITs that pay monthly!
Public Storage's superior balance sheet positions it incredibly well amid higher interest rates. Prologis is above-average in almost every aspect.
Prologis provides facilities serving businesses-to-business enterprises and online retail fulfillment centers. The REIT benefits from robust trends in e-commerce, which helped it grow funds from operations per share at nearly 16% annually over the last decade.
Recent retraction in the REIT sector presents buying opportunity for long-term investors. High-quality REITs like Prologis offer growth in capital appreciation as well, not just dividends. Prologis has outperformed popular stocks like Starbucks and Amazon over the past 5 years, showing REITs are not just income plays.
Prologis is a global real estate investment trust that has experienced above-average growth due to its focus on logistics facilities and the growth of the eCommerce industry. The trust has expanded internationally, with 14% of its net operating income coming from markets outside of the United States. PLD has seen strong core funds from operations growth and offers a growing dividend, making it an attractive investment for passive income investors.