Prologis reported third-quarter results on Oct. 15 that were slightly better than our expectations, with core funds from operations per share at $1.60, up 7.4% from a year ago, while cash same-store net operating income grew 5.9%.
Prologis has the biggest portfolio of well-located industrial properties and is in the best position to capitalize on e-commerce demand. It has unrivaled scale in the industry.
Industrial facilities are largely commoditized and easily replicable. New construction is quick to negate any imbalances in supply and demand in the long run.
|
Metric
|
PLD
|
COLD
|
PSA
|
|---|---|---|---|
Price/Earnings (Normalized) | 34.97 | 69.70 | 29.30 |
Price/Book Value | 2.14 | 1.63 | 10.82 |
Price/Sales | 12.91 | 1.51 | 10.75 |
Price/Cash Flow | 21.89 | 9.91 | 16.40 |
|
Metric
|
PLD
|
COLD
|
PSA
|
|---|---|---|---|
Quick Ratio | 0.58 | 0.41 | 0.66 |
Current Ratio | 0.74 | 0.41 | 0.66 |
Interest Coverage | 5.68 | −2.01 | 7.18 |
|
Metric
|
PLD
|
COLD
|
PSA
|
|---|---|---|---|
Return on Assets (Normalized) | — | 0.20% | 10.07% |
Return on Equity (Normalized) | — | 0.55% | 41.26% |
Return on Invested Capital (Normalized) | — | 2.28% | 11.55% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Public Storage
PSA
| LOCK|qV@!>Sw% | LOCK|<W | $56B | |||
| Extra Space Storage Inc
EXR
| LOCK|nhx?&lG | LOCK|$Yc | $29B | |||
| Segro PLC
SEGXF
| — | LOCK|k&r | $16B | |||
| EastGroup Properties Inc
EGP
| — | LOCK|jK&w? | $11B | |||
| CubeSmart
CUBE
| LOCK|jLSF<&! | LOCK|^M | $9B | |||
| CapitaLand Ascendas REIT Units
ACDSF
| — | LOCK|Pb | $8B | |||
| Rexford Industrial Realty Inc
REXR
| — | LOCK|$g | $8B | |||
| First Industrial Realty Trust Inc
FR
| — | LOCK|<Z# | $8B | |||
| Americold Realty Trust Inc
COLD
| LOCK|@!SHnr | LOCK|sh? | $4B |
United States