-Antonio-
- Prologis, the largest industrial REIT globally, faces a tough market with slow tenant decision-making and oversupply, impacting rent growth and occupancy rates.
- Despite a decrease in occupancy to 96.4% in Q2 2024, Prologis’ performance aligns with management’s cautious market outlook.
- Management expects further market challenges, including potential occupancy declines and continued rent drops, indicating the market hasn’t peaked in harsh conditions yet.
- However, recent reports suggest potential improvement in the industrial landscape in the coming years, offering a glimmer of optimism for investors.
- PLD remains an undisputed leader in the industrial landscape, delivering double-digit core FFO and DPS growth with a ‘sleep sound’ business model and financing structure. Recent strategic initiatives provide even more optimism.
Prologis, Inc. (NYSE:PLD) is the largest industrial REIT in the world with ~$200B AUM (assets under management) globally. Most of it is located across the US (~65%) and the rest is in Europe, Asia, and Latin America.
I had the pleasure of covering PLD twice since my activity on Seeking Alpha started, so today I’d like to provide some interesting updates to my previous thesis that further support it. Should you be willing to get a better grasp on the development of my views on PLD, please refer to the links below:
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