NYSE:PLDIndustrial REITs
Prologis (PLD) Stock Looks Fully Valued After Its 42% Rise
After a 42.3% return over the past year, Prologis now sits in a less clear-cut spot on price. The Discounted Cash Flow (DCF) intrinsic value estimate suggests the stock trades at a premium, while market-based multiples look broadly in line.
Prologis has delivered a 42.3% return over the last 12 months, which puts extra focus on whether recent gains have already baked in much of the good news.
The raised US$18.7b bid for Segro can support a larger logistics portfolio and long term cash flow,...