The Biggest Real Estate Company in the U.S. Is Soaring -- Here's Why

Shares of industrial real estate leader Prologis (NYSE: PLD) spiked higher on Tuesday, with shares up by about 5% as of 11:30 a.m. ET. The massive real estate investment trust reported its fourth-quarter and year-end 2024 results, and it seems fair to say that investors are happy with what they're seeing.The main reason for Prologis' move on Tuesday was its latest earnings report. For the fourth quarter, Prologis reported core funds from operations (core FFO -- the real estate version of "earnings") that handily beat analyst expectations and represented 10% year-over-year growth. The company's development pipeline continues to make excellent progress, both in its core industrial business and in its relatively young data center business.In addition, Prologis reported cash rent changes of 40.1% on both new and renewed leases. In short, industrial property rental rates skyrocketed during the pandemic, and as older leases reach maturity, there are opportunities to rapidly increase rental income.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool