Prologis' share price decline has improved its valuation and dividend yield, making it attractive despite potential interest rate headwinds. The upcoming earnings report is expected to show solid revenue and FFO per share growth, although analysts may overestimate revenue. Rising interest rates could impact Prologis' profitability, but the effect will be gradual and not immediately significant.
Prologis (PLD) closed the most recent trading day at $105.37, moving +1.72% from the previous trading session.
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Prologis (PLD -1.01%) is not only the largest owner of industrial real estate in the United States, but also the largest real estate investment trust, or REIT, of any kind. While the business itself is performing quite well, there are some fears regarding the state of industrial real estate as well as the interest rate environment, and these have caused the stock to fall by more than 20% from its 52-week high.
Prologis (PLD) concluded the recent trading session at $106.66, signifying a +0.98% move from its prior day's close.
Prologis has faced negative returns due to overvaluation, but recent price drops and dovish interest rate expectations make it more attractive. Industrial market fundamentals are improving with e-commerce growth and peaking vacancy rates, supporting long-term rent growth for PLD. Consensus revenue growth of 7-8% is ambitious; I expect closer to 5-6% due to cautious acquisition and development strategies.
Prologis (PLD) closed at $105.70 in the latest trading session, marking a +0.57% move from the prior day.
Prologis (PLD) closed the most recent trading day at $104.70, moving +0.54% from the previous trading session.
Prologis (PLD) closed at $104.14 in the latest trading session, marking a +0.79% move from the prior day.
Following market trends can be profitable, but sector rotations in real estate show the importance of timing and adaptability. Prologis is a major REIT in industrial real estate, facing challenges due to slowed demand and increased vacancies, yet still offers growth potential. Industrial real estate demand has normalized post-pandemic, leading to higher vacancies and slower rent growth, but future demand may stabilize as deliveries slow.
Prologis (PLD) reachead $108.87 at the closing of the latest trading day, reflecting no change compared to its last close.
PLD is set to gain from its strategically located distribution facilities and solid balance sheet despite subdued demand and high interest expenses.