Prologis: Too Expensive At Current Interest Rates
Prologis(PLD) Seeking Alpha·2024-02-24 19:29
imaginima Dear readers, Prologis (NYSE:PLD) is a global industrial REIT which needs little introduction. If you live in a major city in the Western world, chances are that you've driven past Prologis' warehouses countless times. The company owns 1.2 Billion sft of space on four continents and in 20 countries and completely dominates the sector with a market capitalization of $123 Billion, triple that of its closest 10 competitors combined. Moreover, it has a fortress balance sheet and is one of only two A r ...