PLDGP - Blue Chip REIT Battle: Prologis Over Realty Income

2024-05-14 16:20:13 ET

Summary

• The REIT sector is the worst performer in the market year to date, down nearly -5%.
• The REIT sector as a whole is down nearly -30% from the mean sector highs.
• Prologis and Realty Income are two of the most synonymous names in the REIT industry and both are down more than -30%.
• This article will pit the two head to head considering growth, value, dividend yield and future prospects.

REITs to be reckoned with

Two of what I would consider to be the "blue chips" of the REIT industry have been crushed since the rate hikes that ensued in 2022. They represent polar opposites of the retail-commercial real estate spectrum. One is supportive of e-commerce and the other, is traditional brick-and-mortar. Both have their positives and negatives, and both fall within the top 10 holdings of most REIT index funds:

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