Prologis, Inc. (PLD), headquartered in San Francisco, California, is the world’s largest owner, operator, and developer of industrial real estate. With a market cap of $99.59 billion, Prologis is a leading logistics and supply chain infrastructure player, renowned for its extensive portfolio of high-quality warehouses and distribution centers. Serving a wide range of customers, including e-commerce giants and global manufacturers, Prologis is pivotal in facilitating efficient global trade and commerce.
Prologis shares significantly underperformed the broader market over the past year. The REIT has declined 13.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 24.5%. In 2024 alone, the REIT has lost 19.3%, compared to SPX's 9.8% gains on a YTD basis.
