Published on 3 May 2024 on Benzinga
On CNBC's “Halftime Report Final Trades,” Brian Belski of BMO Capital Markets said Prologis, Inc. PLD has a 3.7% yield. REITs are “coming back strongly,” he added.
On April 17, Prologis, reported first-quarter FY24 results. Rental revenue of $1.83 billion missed the consensus estimates of $1.87 billion. The company's average occupancy stood at 96.8%, with a leased 45.0MSF operating portfolio and a 3.1MSF development portfolio.