
NYSE:PLD
This summary was created by AI, based on 3 opinions in the last 12 months.
Prologis (PLD-N) has received positive reviews from various experts, indicating a generally favorable outlook for the stock. The consensus is that it is not currently overbought, and a potential buying opportunity is present near the $130 trendline. Experts note that Prologis lacks REITs in its portfolio, which they perceive as beneficial, suggesting a focus on growth areas such as storage facilities and logistics, particularly data centers. Furthermore, the emphasis on e-commerce and distribution centers indicates a reasonable valuation and a solid income stream with lower debt levels compared to Canadian REITs. This positions Prologis as a strong contender in the growing logistics and infrastructure market.
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.