5 High Growth Real Estate Stocks that are Profitable

1. Prologis, Inc. (NYSE:PLD)

Number of Hedge Fund Holders: 59

California-based REIT Prologis, Inc. (NYSE:PLD) ranks 1st in our list of the 12 high growth real estate stocks that are profitable. Recently, Prologis, Inc. (NYSE:PLD) posted its fourth-quarter results. Prologis, Inc. (NYSE:PLD) said its FFO in the fourth quarter came in at $1.24, beating estimates by $0.03. Revenue in the quarter totaled $1.75 billion, beating estimates by $290 million. The revenue figure shows a growth of about 37% on a year-over-year basis. Average occupancy came in at 98%. For 2023, Prologis, Inc. (NYSE:PLD) expects its core FFO to come in at $5.40 to $5.50, versus the consensus of $5.56. Average occupancy was guided at 96.5% to 97.5%.

During the third quarter of 2022, Prologis, Inc. (NYSE:PLD) saw a spike in hedge fund sentiment. Insider Monkey’s database shows that 59 hedge funds reported owning stakes in Prologis, Inc. (NYSE:PLD) at the end of the September quarter, up from 49 funds in the previous quarter.

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