From Yahoo Finance: 2024-04-18 05:17:00

Prologis (NYSE: PLD) has shown impressive dividend growth at 13% annually, twice the S&P 500 and REIT average. While its recently reported strong first-quarter results, including 5% core funds from operations growth, indicate resilience, near-term headwinds have led to reduced full-year guidance and slower development plans. Despite this, its long-term outlook remains positive.

Prologis expects high-single-digit core FFO per share growth, potentially increasing dividends at a healthy 10% annual rate. While 2024 may see a slowdown, the company still aims for 8.5% core FFO per-share growth through 2026. With an attractive yield of around 3.4%, Prologis remains a solid investment option for steady returns.

As an industrial REIT, Prologis faces current challenges including market indecision and geopolitical concerns. While it has adjusted full-year guidance, the company remains confident in its long-term business fundamentals. Despite temporary setbacks, Prologis continues to provide strong growth potential and dividend outlook for investors looking for stability and steady returns.



Read more at Yahoo Finance: This Incredible Dividend Stock Hit a Speed Bump. Time to Sell?