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Stock impact report

Prologis GIC Venture Aims To Scale Custom Logistics And Investor Income [Yahoo! Finance]

Prologis, Inc. (PLD) 
Last prologis, inc. earnings: 4/21 08:00 am Check Earnings Report
US:NYSE Investor Relations: ir.prologis.com
Company Research Source: Yahoo! Finance
Prologis, NYSE:PLD, has entered a $1.6b joint venture with GIC to develop build to suit logistics facilities in major U.S. markets. The partnership focuses on custom, long term leased properties that are tailored to individual tenant requirements. The venture combines Prologis' development and operating capabilities with institutional capital to expand its logistics real estate platform. For investors watching NYSE:PLD, this joint venture sits alongside a share price of $133.33 and a 1 year return of 22.8%. Over the past week the stock is up 2.3%, while the 3 year and 5 year returns are 20.0% and 40.2%, respectively. This provides context for how the market has treated the business over different time frames. The GIC partnership adds another source of capital to Prologis' build to suit pipeline, which may matter if you care about how the company scales its development and asset management activities. As supply chains continue to evolve and customers ask for more tailored faci Show less Read more
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