PLD - The Ultimate Real Estate Stock to Buy With $1000 Right Now
2024-04-21 05:42:00 ET
Prologis (NYSE: PLD) isn't a stock that goes on sale often. The logistics real estate company has excellent asset quality, top-notch credit, and a tenant list that reads like a Who's Who of e-commerce and shipping companies.
However, because of interest rate headwinds and geopolitical risks, as well as somewhat pessimistic short-term guidance from management, Prologis is now trading for more than 20% below its recent highs. But for patient long-term investors, it looks like an opportunity.
Prologis is a real estate investment trust , or REIT, that specializes in "logistics" real estate. Its properties are mainly distribution centers and warehouses, and it leases space to e-commerce, retail, and logistics companies, including Amazon.com (NASDAQ: AMZN) , FedEx (NYSE: FDX) , Home Depot (NYSE: HD) , and about 6,700 others.
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The Ultimate Real Estate Stock to Buy With $1,000 Right Now