Valued at a market cap of $122.5 billion, Prologis, Inc. (PLD) is an industrial real estate company that owns, develops, and manages logistics and distribution facilities. The San Francisco, California-based company serves major e-commerce, retail, and supply-chain customers by providing strategically located warehouses and fulfillment centers near key population hubs and transportation corridors.
This industrial REIT has underperformed the broader market over the past 52 weeks. Shares of PLD have gained 11.9% over this time frame, while the broader S&P 500 Index ($SPX) has soared 15.4%. However, on a YTD basis, the stock is up 3.3%, outpacing SPX’s 1.1% uptick.
