Comment / Prologis still in control of what it can control, the rest...

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Snapshot mode on after Prologis (PLD) yesterday, 17 July, reported Q2 24 results – ahead of US market opening – that were very marginally better than expected, with the $114bn-market-cap behemoth from San Francisco playing it safe on slightly more bullish guidance too.

However, while in early trade the stock was among the best performers in our portfolio – despite only $0.01 beat to its core FFO gauge – its $122-129 intra-day range was pretty wide, the stock closing towards the ...