With a market cap of $105.7 billion, San Francisco, California-based Prologis, Inc. (PLD) is a leading global logistics real estate company that specializes in high-barrier, high-growth markets. The company owns and operates 1.2 billion square feet of logistics facilities across 19 countries, serving approximately 6,700 customers primarily in business-to-business and retail/online fulfillment sectors.
Shares of the industrial real estate developer have underperformed the broader market over the past 52 weeks. PLD has risen 9.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 35.9%. In 2024, shares of PLD are down 14.4%, compared to SPX’s 25.8% gain on a YTD basis.
