This Magnificent Growth Stock Is Optimistic 2024 Will Be Another Great Year
BXBlackstone(BX) The Motley Fool·2024-01-21 19:47

Last year was a turbulent one for the global real estate sector. Rising interest rates increased borrowing costs, which also weighed on the value of many properties. However, those more challenging market conditions didn't stop Prologis (PLD 1.73%) from having another strong year. The leading industrial REIT grew its core funds from operations (FFO) by 11%. That was its fourth straight year of delivering double-digit earnings growth. It has now expanded its core FFO at a 10.3% compound annual rate since the ...