The highlighted news primarily focuses on the financial performance and market status of
Prologis (PLD), a real estate investment trust (REIT). The Q3 Earnings of the company outperformed the estimates, resulting in a
3% yield and double-digit growth, further emphasizing its position as one of the best REITs. Q3 also saw
strong leasing activity, despite market challenges, earning an average rating of '
Moderate Buy' from analysts. The company also revised its
FY24 guidance following these results. Prologis continues to outpace the stock market; however, it experienced a slump even as the market gained. Despite this,
Bar Harbor Wealth Management and
Sumitomo Mitsui DS Asset Management increased their holdings in Prologis. Adding to it, first-of-its-kind, the company released a
Supply Chain Intelligence Report. Lastly, Prologis is moving forward with innovation in logistics, as seen by the launch of New EV truck charging depot, powered by the nation's largest EV truck microgrid.
Prologis PLD News Analytics from Wed, 13 Dec 2023 08:00:00 GMT to Sat, 19 Oct 2024 14:16:55 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor -2
