Prologis Stock: Do Strong Financial Results Justify Its Valuation?
Prologis, Inc. (PLD) published another excellent quarterly report for its Q2 results, including consistent top-and bottom-line growth despite the underlying challenges. Regardless, investors should be wary of the stock''s valuation, which is not particularly inviting. For this reason, I am neutral on the stock. Prologis is, by a wide margin, the largest industrial U.S. REIT, operating approximately one billion square feet of real estate in 19 countries. To put its size into perspective, the second-largest industrial REIT in the country is Public Storage (PSA), whose market cap stands at $57.5 billion, 61% of that of Prologis.
Prologis Stock: Do Strong Financial Results Justify Its Valuation?
Prologis, Inc. (PLD) published another excellent quarterly report for its Q2 results, including consistent top-and bottom-line growth despite the underlying challenges. Regardless, investors should be wary of the stock''s valuation, which is not particularly inviting. For this reason, I am neutral on the stock. Prologis is, by a wide margin, the largest industrial U.S. REIT, operating approximately one billion square feet of real estate in 19 countries. To put its size into perspective, the second-largest industrial REIT in the country is Public Storage (PSA), whose market cap stands at $57.5 billion, 61% of that of Prologis.