NYSE:PLDIndustrial REITs
Prologis (PLD): Assessing Valuation Following Shelf Registration for Flexible Capital Moves
Prologis (PLD) just filed a shelf registration, giving itself flexibility to raise funds by offering everything from common and preferred stock to multiple debt securities and warrants. For investors, these filings can mean several things, but most often they signal that the company wants the option to act quickly if acquisition, refinancing, or growth opportunities arise. While the filing on its own does not guarantee immediate new issuances or dilution, it inevitably raises questions about...