Shares of warehouse landlord Prologis (NYSE: PLD) have been falling of late because of a big acquisition effort and news that Amazon is subleasing some locations. Neither of these things are as bad as they sound when you step back from the picture a little bit. In fact, if the first quarter is any indication, this industry giant is in an "unprecedented" situation and that's not likely to change anytime soon.
If you are looking to buy a real estate investment trust (REIT) with a logistics focus, Prologis is easily the biggest name in the space. It has a portfolio that covers 1 billion square feet across 4,675 buildings. It is globally diversified as well, with roughly 81% of its net operating income from North America, 5% from South America, 11% from Europe, and 3% from Asia. It is, essentially, in most of the key distribution hubs that exist across the world.
Image source: Getty Images.
For further details see:
This Industrial REIT Is Seeing "Unprecedented" Rent Growth