Prologis 336th in Trading Volume Amid 0.99 Drop Underperforming Market Benchmarks

On October 7, 2025, Prologis (PLD) recorded a trading volume of $0.34 billion, ranking 336th in market activity for the day. The logistics real estate giant closed down 0.99%, underperforming broader market benchmarks despite moderate liquidity levels.

Recent developments highlight shifting dynamics in industrial real estate demand. A regulatory filing revealed Prologis is exploring strategic alternatives for its underutilized warehouse assets in the Midwest, a move analysts suggest could unlock value through potential partnerships or asset sales. Concurrently, a third-party logistics provider announced plans to expand its cold storage network in key Prologis-adjacent markets, indirectly influencing investor sentiment toward industrial infrastructure resilience.

Market participants also noted Prologis' recent earnings call emphasized rising maintenance costs for aging facilities, contrasting with peers who reported infrastructure modernization gains. The company's guidance for 2026 operating cash flow remained unchanged, but muted same-property net absorption metrics raised questions about near-term growth trajectories in high-demand coastal markets.

To build an accurate back-test I need to set several practical details that aren’t specified yet:

1. Universe

• Should we use all U.S. listed common stocks (NYSE + NASDAQ), or a narrower list (e.g., current S&P 500 constituents)?

2. Trade timing & price

• Do we buy the selected stocks at today’s close and sell at tomorrow’s close, or buy at tomorrow’s open and sell at tomorrow’s close?

3. Weighting scheme

• Equal-weighted (each stock 0.2% of the day’s portfolio) or volume-weighted / cap-weighted?

4. Friction

• Any commission, bid–ask spread, or slippage assumptions to include?

5. Other risk controls

• Do you want stop-loss, take-profit, or max hold-days constraints (beyond the fixed one-day hold)?

If you’re happy with typical defaults, I can proceed with:

• Universe: all NYSE & NASDAQ common stocks whose data is available

• Selection: top 500 by dollar trading volume computed at each day’s close

• Entry at next day’s open, exit at that day’s close

• Equal-weighted portfolio

• Zero transaction cost / slippage

• No extra risk-control rules

Please confirm or adjust any of the above so I can launch the data retrieval and back-test.