Data Center DevelopmentData Center development presents a unique value creation opportunity for PLD, with management anticipating development margins 2-3x higher than traditional warehouse margins.
Dividend And GrowthPrologis' combined dividend yield and FFO growth of 9.0% is higher than the REIT sector average of 7.5%, which is expected to lead to a positive market response.
Earnings LeversPLD has multiple earnings levers that could surprise next year, including a FIBRA promote opportunity, potential management fees from Terrafina, growing Essentials business, and increasing funds AUM.