Prologis is trading 4.2% down today at $138.57 in pre-market, extending last week’s weakness as the REIT sector faces pressure from ongoing interest-rate concerns.
- The move appears driven by profit-taking and broader sector sentiment following a strong prior rally, rather than any new company-specific earnings or deal news.
- Prologis is underperforming the broader market today, with major indices trading slightly higher despite the sensitivity seen across real estate investment trusts.