Prologis shares have rallied 30% over the past year as the REIT expands into AI-driven data centers while maintaining strong logistics demand.
Prologis (NYSE:PLD) has transformed its business by integrating AI infrastructure into its logistics real estate, attracting interest from hyperscalers. The company owns 1.3 billion square feet of facilities across 20 countries, with large-format spaces nearly sold out amid improving core logistics demand.
The shift toward data centers has driven a 30% stock rally over the past 12 months, even as Prologis invests heavily in the buildout. Despite near-term headwinds from AI-related spending, the company reported strong quarterly results, supported by both its traditional warehousing and emerging data center segments.
Prologis maintains a 3% dividend yield and has historically demonstrated resilience, including being the first stock to bottom during the 2008 financial crisis.