Prologis Inc. (NYSE:PLD) - "Beat and Raise" Earnings Report and Robust Multi-Year Outlook Boost Shares.

Prologis, Inc. (NYSE:PLD) surged after a "beat and raise" earnings report and robust multi-year business outlook. The Baron Real Estate Income Fund highlighted the company as a best-in-class industrial REIT with a favorable outlook for demand, supply, and rent growth. The fund manager believes Prologis' shares have strong appreciation potential due to future cash flow and earnings growth, as well as undemanding valuation.