2024-01-30 06:05:00 ET
Real estate investment trusts ( REITs ) can be an excellent source of passive income as part of a diversified portfolio. Although rising interest rates have recently weighed on the real estate industry, Prologis (NYSE: PLD) is one REIT well positioned to deliver shareholders a growing dividend.
Here's what you need to know about the REIT to see if it's right for your portfolio .
Prologis owns and operates logistics real estate properties across 20 countries, focusing on facilities located in active, high-growth markets. With over 1.2 billion square feet of properties, Prologis specializes in facilities serving business-to-business enterprises and online retail fulfillment centers, with customers including Amazon , Home Depot , FedEx , and UPS .
For further details see:
Is Prologis Stock a Buy?