Prologis and Industrial REITs

We are bullish on industrial REITs despite share prices lagging other REIT subsectors (+7.2% versus the RMZ +21.7%) since November.

Fueled by e-commerce growth and rising inventories, industrial demand is forecast to keep leasing spreads high, vacancies temporary, and support new builds, an earnings driver that was somewhat put on hold in 2020, but we believe will re-accelerate in 2021.

Prologis 1Q 2021 earnings release will be a good bellwether on April 19, 2021.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s