10 Best REIT Stocks to Buy According to Billionaires

7. Prologis, Inc. (NYSE:PLD)

Number of Billionaires: 10

Number of Hedge Fund Holders: 55

Prologis, Inc. (NYSE:PLD) is a global leader in logistics real estate and focuses on high-barrier, high-growth markets. The REIT leases modern logistics facilities to 6,700 diverse customers across the business-to-business and retail/online fulfillment categories.

Prologis, Inc. (NYSE:PLD) serves as the largest global owner of logistics real estate complimented by an irreplaceable portfolio scale and portfolio, with nearly 1.3 billion square feet across four continents. 2.8% of the global GDP flows through the REIT’s distribution centers annually. Logistics real estate continues to offer robust trends to the REIT such as rising e-commerce which is more space intensive as compared to brick and mortar. Simultaneously, the REIT is capitalizing on the growing data center needs in the modern digital economy by focusing on finding potential conversion opportunities across its large portfolio of warehouses. Recently, Prologis, Inc. (NYSE:PLD) announced the sale of a data center development in its Chicago market to HMC Capital. The REIT has plans to develop nearly 20 data center opportunities over the next 4 years.