Prologis (PLD) Pursues £12.6 Billion Segro Deal to Expand Logistics and Data Center Footprint

Prologis, Inc. (NYSE:PLD) ranks among the best real estate and realty stocks to invest in according to hedge funds. On June 17, Raymond James renewed coverage of Prologis, Inc. (NYSE:PLD), rating the shares at Market Perform. Analyst David Rodgers mentioned the company’s development into data centers as a growth catalyst in his assessment.

The firm stated that Prologis, Inc. (NYSE:PLD) has a stronger industrial lease pipeline and a solid integrated mark-to-market. Raymond James believes that increased demand from global capital partners will support continuing organic expansion.

In addition, Prologis, Inc. (NYSE:PLD) announced its £12.6 billion ($16.62 billion) buyout offer for Britain’s Segro on June 24. After the warehouse landlord rejected the initial offer, Prologis, Inc. (NYSE:PLD) took the offer public in an attempt to increase pressure on the board to participate.

According to Prologis, Inc. (NYSE:PLD), Segro, which is listed on the FTSE 100, has been trading at a consistent discount to its net asset value and is facing obstacles that keep it from realizing the potential of its development and data center pipeline.

​Prologis, Inc. (NYSE:PLD) is a leading global real estate investment trust focused primarily on logistics and industrial properties, owning, operating, and developing approximately 1.3 billion square feet of facilities across 20 countries on four continents.

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