Logistics & Transshipment Facilities

Description

All that stuff we buy online has to come from someplace--why not own it?

Prologis is a big, honking logistics real estate company. They have 687 million (that’s right, million) square feet of modern, clean, and fully automated warehouse, flex and transshipment facilities. Their blue chip customers are the ones you buy from or through all the time: FedEx, UPS, Amazon, Home Depot, Wal-Mart, BMW and the like.

Prologis is in 19 countries, has earned a perfect 10 in the GRESB 2017 Sustainability Benchmark, and is included in the Dow Jones Sustainability Indicies.

Prologis claims that ecommerce requires about 3 times the warehouse space than it currently occupies (The Street, Mar. 15, 2017). This growth has seen their vacancy rate fall to the lowest in thirty years--plus they are currently paying you a dividend yield of 2.75%.

If you believe that ecommerce will continue to grow--then Prologis will probably grow as well.