Prologis: More Than Just A REIT, It's A Leading Energy Company And Much More

Bilanol/iStock via Getty Images There are several reasons why we tend to avoid investing in externally managed REITs, including potential conflicts of interest, less operating leverage, and because we want to participate in the value creation when the company develops a new asset. Unlike some YieldCos that have a sponsor "drop" assets into it and investors simply receive the rent or income generated by that asset, participating in the value creation adds significant extra performance. This is one of the ...