Based in San Francisco, Prologis, Inc. (PLD) is a provider of logistics real estate solutions with a focus on high-barrier, high-growth markets. Valued at a market cap of $112.9 billion, the company leases modern logistics facilities to a diverse base of customers, primarily across business-to-business and retail/online fulfillment categories.
Shares of this real estate giant have underperformed the broader market over the past 52 weeks. PLD has declined 2.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 19.6%. In 2024, shares of PLD are down 9.4%, compared to SPX’s 12% gain on a YTD basis.
