Prologis: Slower Growth Perhaps Not Worth 3.5% Yield
PLDPrologis(PLD) Seeking Alpha·2024-06-08 16:22

DusanBartolovic Many REITs currently trade, at their lowest, around a 5% dividend yields, roughly a money market's interest rate. Prologis (NYSE:PLD), meanwhile, trades at 3.5%, and this is even after almost a 15% dip from recent highs in March. PLD 6M Price History (Seeking Alpha) This relative premium is worth examining. Is it paying more for dependable cash flow, perhaps valuable properties? Is there a growth story? If people like the safety, maybe they can buy it, but I'm concerned the price reflects ol ...