In an interview on CNBC’s Mad Money, Hamid Moghadam said the company has a lot of control over its growth in the coming years. He expects $8B-10B in data center development in the next five years. The companies Prologis competes with are having a hard time getting construction loans, he noted.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PLD:
- Prologis price target raised to $149 from $143 at Scotiabank
- Prologis Board of Directors Approves 10 Percent Increase in Quarterly Common Stock Dividend
- Prologis increases quarterly dividend 10% to $3.84 per share
- Prologis price target raised to $145 from $128 at RBC Capital
- Analysts and Technical Indicators Agree: These 3 Stocks Are “Strong Buys” – 2/5/2024