Imagine that you have a favorite toy, and you want to share it with your friends. You could take turns with your friends, each getting to play with the toy for a little while. This is similar to what Prologis is doing. They own a lot of big buildings where things are stored and moved around, like in a warehouse. They let different companies use these buildings for a little while, and they get money from each company for letting them use the building. This way, Prologis can share their big buildings with many different companies, and they get a lot of money from all of them. Read from source...

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Prologis Inc. (PLD) shares have seen a 19% increase over the past three months, substantially outperforming the wider industrial REIT industry's 16.1% growth. As an investment trust specialising in industrial real estate, Prologis targets investments in distribution facilities, aiming to serve customers involved in global trade and depend on the global supply chain's efficient movement of goods. Prologis' second-quarter 2024 reported a core FFO per share of $1.34, which exceeded the Zacks consensus estimate by a cent. Prologis' shares of building acquisitions totalled $279m during Q2 2024, with development stabilisation aggregating $2.04bn. Prologis maintains a healthy balance sheet position, allowing it to capitalise on long-term growth opportunities.

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Summary of the Article: Prologis Inc. has seen its shares climb 19% over the last three months, handily outperforming the wider industrial sector's 16.1% growth rate. This REIT, which specialises in distribution facilities for firms engaged in global trade, is well positioned to benefit from the increasing demand for logistics infrastructure and efficient distribution networks, as e-commerce sales continue to rise. In the second quarter of 2024, Prologis reported a core FFO per share of $1.34, beating the Zacks Consensus Estimate by a penny, with the results reflecting a rise in rental revenues and healthy leasing activity.

In this article, we will discuss the Prologis Inc. (PLD) stock rally, which has increased by 19% over the past three months. Prologis is an industrial real estate investment trust (REIT) that focuses on investments in distribution facilities for customers who are engaged in global trade and rely on efficient movement of goods through the global supply chain. The company has a solid portfolio and gains from healthy industry fundamentals. PLD stock is also benefiting from the narrative surrounding the interest rate cut in the near term. Prologis has reported a core FFO per share of $1.34 in the second quarter of 2024, which outpaced the Zacks Consensus Estimate by a penny. The quarterly results reflected a rise in rental revenues and healthy leasing activity. The company is well-poised to capitalize on the growing trend of e-commerce sales, and its solid capacity to offer modern logistics facilities in some of the busiest distribution markets across the globe will further aid growth. Prologis maintains a healthy balance sheet position with ample flexibility, and it is committed to dividend payouts. Cousin Properties CUZ and Lamar Advertising LAMR are some better-ranked stocks from the REIT sector.