8 High Growth Real Estate Stocks That Are Profitable in 2024

1. Prologis, Inc. (NYSE:PLD)

5-Year Net Income Growth: 10.96%

5-Year Revenue Growth: 19.47%

TTM Net Income: $2.82 Billion

Number of Hedge Fund Holders: 56

Prologis, Inc. (NYSE:PLD) serves as a global leader in logistics real estate which leases modern logistics facilities to more than 6,700 customers across business-to-business and retail/online fulfillment categories. For more than 40 years, the company has created a legacy by acquiring, developing, and maintaining the largest collection of high-quality logistics real estate in the world.

As a leader, Prologis, Inc. (NYSE:PLD) has a global scale and expertise. The company’s portfolio remains unmatched. Prologis owned or had investments in properties and development projects totaling approximately 1.2 billion square feet in 19 countries, as of June 30. With 2.8% of the global GDP flowing through the company’s distribution centers annually, its standing as a leading global company is evident.

For the fiscal second quarter, the firm reported a Core FFO per diluted share of $1.34. It leased 52 million square feet in its portfolio during the second quarter. Although the customer demand was subdued, Prologis benefits from the embedded NOI potential of its premier global portfolio. Simultaneously, the firm is also capitalizing on the growth prospects in data centers and energy.

Prologis, Inc. (NYSE:PLD) is a promising and profitable real estate stock with over 40 years of real estate expertise, a leading position in logistics real estate, and an unrivaled portfolio. The firm has a solid market cap of $110.04 billion. As of Q2, the stock is held by 56 hedge funds.

While we acknowledge the potential of PLD as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued AI stock that is more promising than PLD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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