
NYSE:PLD
This summary was created by AI, based on 4 opinions in the last 12 months.
Prologis (PLD-N) has garnered mixed reviews from experts, with some highlighting its reasonable valuation and potential growth within the e-commerce and logistics sectors, particularly in data centers and distribution centers. One expert suggests monitoring a $130 trendline before making an investment, indicating a cautious but optimistic view. Another acknowledges the lack of REITs in his portfolio and suggests looking towards storage and logistics-focused areas for growth. However, one expert expresses disappointment with Prologis, citing it as 'dead money' over the past year, where the only return received was a modest 3% dividend. Overall, the company appears to have a solid foundation, but investor sentiment varies significantly.
This owns industrial warehouses and distribution centres, which they rent out to companies. In 2008, the stock fell down to $1-$2 per share, so it is very much a cyclical play. Wouldn’t buy any of the industrial REITs, but would prefer looking at an apartment REIT such as Apartment Investment & Management (AIV-N), which will give you the same kind of returns, with a lot less risk.
Industrial warehousing is one of his favourite asset classes. It caught up to its net asset value some time ago. He prefers DIR.UN-T Industrial and WIR.U-T REIT.