No-Moat Prologis Purchases Industrial Property Trust; Raising FVE to $77
No-moat Prologis continues to grow rapidly, as e-commerce and distribution companies demand ever-increasing amounts logistics space. Core funds from operations came in at $0.77 per share in the second quarter, up 8.5% from the linked quarter. Prologis' substantial bottom-line growth is attributable to both the DCT Industrial Trust merger that closed in third-quarter 2018 and healthy 4.6% same-store cash net operating income growth. Prologis announced that it will acquire the wholly owned assets ...Prologis is a self-administered and self-managed real estate investment trust and is the sole general partner of Prologis, L.P. The company owns, manages and develops logistics facilities, with a focus on the consumption side of the global supply chain. Most of the company's properties in the United States are wholly owned, while its properties outside the United States are primarily held in co-investment ventures. The company has two segments: Real Estate Operations, which represents the ownership and development of operating properties, and includes land held for development and properties under development; and Strategic Capital, which represents the management of unconsolidated co-investment ventures.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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