#3 - Prologis (NYSE:PLD)
The second of the three REITs on this list is Prologis (NYSE:PLD). The company is an investment in the industrial supply chain. The company owns over 1 billion square feet of leased space. And in the last 10 years, Prologis has benefited from the need for companies to add real estate for warehouses and distribution centers.
Even if the rate of growth slows in the current recession, this demand is expected to continue for the rest of the decade. And that will fuel the company’s growth. Revenue is forecast to grow by approximately 20% over the next five years. PLD is up 75% in the last five years. And that’s in addition to a dividend that has a 2.72% dividend ratio, an annual payout of $3.16 per share, and one that has been increasing for the last nine years.
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
- $114.38
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $131.12 (14.6% Upside)
