#2 - Prologis (NYSE:PLD)
Ever since 2020, the words “supply chain” have been seared into every investor’s brain. But more than the words themselves, if they didn’t know already, investors have a deeper understanding of how critical supply chain management is to the companies they invest in.
That’s why you should consider Prologis Inc. (NYSE: PLD), an industrial REIT that describes itself as the leader in logistics real estate.
The company has a solid balance sheet that includes strong cash flow and a high occupancy rate of around 94.6%. Prologis has little floating rate debt so it may not benefit much from rate cuts. But its tenants will. And that’s particularly important because Prologis is expecting to increase its rental rates.
Prologis pays a dividend with a 2.96% yield and has increased it for 11 consecutive years. At this time, shareholders receive $3.84 per share on an annualized basis.
About Prologis
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.
Read More - Current Price
- $114.75
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $131.12 (14.3% Upside)
