|Bid||142.02 x 1000|
|Ask||146.66 x 900|
|Day's Range||143.69 - 145.88|
|52 Week Range||93.08 - 145.95|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||54.52|
|Earnings Date||Oct 15, 2021|
|Forward Dividend & Yield||2.52 (1.74%)|
|Ex-Dividend Date||Sep 16, 2021|
|1y Target Est||150.39|
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This year has been an excellent one for the industrial real estate sector. Demand is through the roof, pushing vacancy rates to record lows while driving up rental rates. As a result, industrial real estate values are soaring.
The global e-commerce boom is pushing demand for logistics space to new highs, a dynamic San Francisco landlord Prologis says spurred the largest quarterly increase in the value of its logistics portfolio in company history. The value of the Prologis (NYSE: PLD) portfolio rose 9.5% to $176 billion in the third quarter, CFO Tom Olinger said during the company's Oct. 15 earnings call. Rents in the portfolio grew 7.1% in the third quarter alone, Olinger said, describing logistics space in the company's markets as “effectively sold out.”
American Tower (NYSE: AMT) has been an excellent investment since it converted into a real estate investment trust (REIT) nearly a decade ago. Overall, the infrastructure REIT focused on communications has delivered a more than 400% total return (18.6% annualized), outperforming the S&P 500's roughly 300% total return (16% annualized) during that time frame. If you like those types of returns, you'll love the upside potential of Invitation Homes (NYSE: INVH) and Prologis (NYSE: PLD).