Prologis (PLD) Stock Looks Near Fair Value As Its 30% Run Continues

Prologis has delivered a 30.1% share price gain over the past three years, yet the bigger issue for you today is whether that recent history still lines up with what its future cash flows can support. With the stock last closing at US$129.49 and new development plans facing power supply questions in Texas, the key issue is how much of its cash generation story is already reflected in that price. A 30.1% return over three years puts real money on the line for anyone asking if Prologis'...