|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's Range||144.86 - 146.88|
|52 Week Range||93.08 - 146.88|
|Beta (5Y Monthly)||0.74|
|PE Ratio (TTM)||80.57|
|Earnings Date||Jan 24, 2022 - Jan 28, 2022|
|Forward Dividend & Yield||2.52 (1.89%)|
|Ex-Dividend Date||Sep 16, 2021|
|1y Target Est||142.92|
New research by Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, underscores the crisis facing the world's supply chain, with logistics space at an all-time low, a slowdown in the flow of goods and rising construction costs.
Earnings season is now underway, and we're starting to hear from some of the largest real estate investment trusts (REITs). Industrial real estate has been on fire recently, and top industrial REIT Prologis (NYSE: PLD) reported its latest results. Core FFO (funds from operations) is essentially the REIT equivalent of "earnings," and Prologis reported $1.04 per share for the third quarter, a 16% year-over-year increase.
The industrial real estate market is scorching hot these days. It noted that the third quarter was another record-breaking one for the industry, with demand, rents, and its construction pipeline at new highs. Developers completed 99 million square feet of industrial space during the third quarter.