12 Best Warehouse and Self-Storage Stocks to Buy Now

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2. Prologis Inc. (NYSE:PLD)

Number of Hedge Fund Holders: 49

Prologis Inc. (NYSE:PLD) is a real estate investment trust (REIT) that invests in logistics facilities with a focus on high-barrier, high-growth markets. Through its portfolio of warehouses and properties, the company serves a diverse base of more than 6,500 customers primarily across two major categories, business-to-business and retail/online fulfillment. PLD is one of the best warehouse stocks to invest in.

The company is strategically focused on actively growing and optimizing its business. In Q3 2024, Prologis Inc. (NYSE:PLD) deployed more than $500 million in development projects. In the Q3 2024 earnings call, management shared that year-to-date the company has acquired over 14 million square feet of strategic assets at an estimated 20% discount to replacement cost.

As a global leader in logistics real estate solutions, the company claims that around 2.8% of the world’s GDP flows through its distribution centers annually. As of September 30, 2024, Prologis Inc. (NYSE:PLD) owned or had investments in properties and development projects expected to total approximately 1.2 billion square feet. Compared to other REITs in the sector, the company has a stronger position in the market with a presence in 20 countries across four continents. With its unparalleled scale and capabilities, Prologis Inc. (NYSE:PLD) stands out as the partner of choice for prominent global clients as it meets their needs in supply chain, digital, and energy infrastructure.

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