Back to top

Analyst Blog

Prologis Inc (PLD - Analyst Report), a real estate investment trust (REIT), has recently  signed two lease agreements spanning approximately 355,800 square feet of space in Germany for an undisclosed amount.

The company leased a 219,600 square foot build-to-suit expansion facility at Prologis Park Hunxe in western Germany to a third-party logistics company. With the lease and subsequent completion of its expansion in fall 2012, the size of the facility is expected to increase to approximately 650,100 square feet.

The company also leased approximately 136,200 square feet to  MAN Group, a leading manufacturer of vehicles and engines, at Prologis Park Munich-Neufahrn in southern Germany. With this lease, the lessee will occupy more than 674,400 square feet space at the facility.

With these agreements, Prologis is likely to strengthen its relationship with its customers in Germany. The strong leasing activities in the region reflect the inherent high quality of the distribution facilities of the company that make them attractive investment propositions to enhance the supply chain efficiencies.

Prologis acquires, develops, operates and manages industrial real estate space in North America, Asia and Europe. The majority of the company’s portfolio comprises high throughput distribution (HTD), which provides multiple options for quick movement and the distribution of goods to the customer.

The company provides industrial distribution warehouse space in some of the busiest distribution markets across the globe. The properties of the company are typically located in large, supply-constrained infill markets at close proximity toairports, seaports, and ground transportation facilities, which enable rapid distribution of customers’ products. This has enabled the company to gain a significant pricing advantage over its competitors.

ProLogis currently retains a Zacks #3 Rank, which translates into a short-term Hold rating. We are also maintaining our long-term Neutral recommendation on the stock. One of its competitors, PS Business Parks Inc. (PSB - Analyst Report) holds a Zacks #2 Rank, which translates into a short-term Buy rating.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
ERBA DIAGNO… ERB 3.80 +7.04%
BANCO DO BR… BDORY 14.74 +5.66%
AIR INDUSTR… AIRI 9.99 +4.15%
EQT MIDSTRE… EQM 98.14 +3.38%
WEATHERFORD… WFT 23.64 +3.10%