This year has been tough on real estate investment trusts (REITs). Rising interest rates, high inflation, and the cooling of the real estate market have made investors wary of REITs' near-term prospects.
Even the highest quality REITs have been affected. Prologis (NYSE: PLD) , the world's largest REIT by market capitalization, is down 33% year to date despite the company having an incredibly strong year.
I see a lot of growth ahead for the stock in 2023, which is why I'm using the last few days of the year to buy more shares of this market leader while prices are down. Here's why you might want to as well.
For further details see:
I'm Buying More of Prologis Before 2023: Here's Why