Published on 15 Mar 2024 on Insider Monkey via Yahoo Finance
Here are the Investor Updates from Prologis (PLD)
Third Avenue Management, an investment management company based in New York City, released its “Third Avenue Real Estate Value Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. In the calendar year, the fund returned +23.27% (after fees) versus +10.85% for the Fund’s most relevant benchmark, the FTSE EPRA NAREIT Developed Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Third Avenue Real Estate Value Fund featured stocks like Prologis, Inc. (NYSE:PLD) in the fourth quarter 2023 investor letter. Prologis, Inc. (NYSE:PLD) is a logistics real estate company. On March 14, 2024, Prologis, Inc. (NYSE:PLD) stock closed at $130.75 per share. One-month return of Prologis, Inc. (NYSE:PLD) was -2.70%, and its shares gained 11.86% of their value over the last 52 weeks. Prologis, Inc. (NYSE:PLD) has a market capitalization of $120.928 billion.
Third Avenue Real Estate Value Fund stated the following regarding Prologis, Inc. (NYSE:PLD) in its fourth quarter 2023 investor letter: