Prologis Inc. (NYSE: PLD) stock is up more than 4% in early trading after the real estate investment trust (REIT) delivered a beat-and-raise quarterly earnings report. Revenue of $2.05 billion was about 1% higher than the forecast of $2.03 billion. The net income was even better. EPS of $1.49 surpassed the consensus estimate of $1.44 by $0.05.
Prologis is at the core of the data center buildout that is essential to the broader artificial intelligence (AI) story. That’s just one of several reasons to believe the opportunity in PLD stock will extend beyond this print.
