5 Most Valuable Real Estate Companies

3. Prologis, Inc. (NYSE:PLD)

Prologis (NYSE: PLD) is a real estate investment company with its headquarters situated in San Francisco, California. California-based Prologis focuses primarily on logistic Real Estate.

It leases logistic facilities to around 5500 customers across 19 countries in 4 continents: Americas, Europe, and Asia. Prologis (NYSE: PLD) tops our list, with the company owning 4715 buildings comprising 995 million square feet.  This includes all the assets the company owns wholly and also co-investment with other companies.

Third Avenue Management, in its Real Estate Value Fund Q1 2021 investor letter, mentioned Prologis, Inc. (NYSE: PLD). Here is what the fund said:

“Prologis, Inc. (a U.S.-based real estate investment trust that is the largest owner of modern logistic facilities with a platform that expands more than 950 million square feet of space in 19 countries globally) completing $2.0 billion USD of debt placements at a weighted average interest rate of 0.9% with an average term of more than 13 years. In the process, the company has further solidified one of the most compelling capital structures in the real estate industry with a prudent loan-to-value ratio of approximately 25% that is primarily comprised of fixed-rate debt at an average cost of 1.8% for a term that exceeds 10 years. As a result, the long-tenured management at Prologis (including one of the true leaders in the real estate space CEO Hamid Moghadam) have set up the company for what could be a very rewarding period ahead as incremental rental income and asset management fees seem likely to accrue disproportionately to shareholders on the “bottom-line” with its interest costs locked-in.”