The Pacer Industrial Real Estate ETF (INDS) targets income investors with a 3.47% SEC yield and quarterly dividends since 2018. It holds a mix of industrial warehouses and self-storage REITs, with the top three holdings including Prologis and two major self-storage operators. While the distribution is considered sustainable due to strong dividend coverage and investment-grade credit, the fund's income can be uneven due to special dividends and the hybrid asset mix. Risks include rising interest rates, tenant credit quality, and local property taxes, especially on the West Coast and Northeast. Investors seeking pure industrial exposure might consider broader REIT indexes, but those comfortable with the mix can continue to collect income from INDS.
Segro has unanimously rejected a £12.6 billion takeover offer from US real estate giant Prologis, stating the bid undervalues the company and is opportunistically timed amid geopolitical tensions affecting valuations. The FTSE 100 index showed mixed ...
Segro PLC has dismissed a £12.6 billion all-share takeover offer from US logistics giant Prologis, calling it opportunistically timed and undervaluing the company. The offer valued Segro at a 24.6% premium to its share price but was still below the b...
Segro, a major UK logistics property group, rejected a £12.6 billion all-share takeover offer from US warehouse landlord Prologis, which values Segro at 925p per share. This move has sparked investor interest in the UK property sector, lifting shares...
Prologis Inc made a £12.6 billion all-share takeover offer for Segro PLC, valuing Segro at a 24.6% premium to its recent share price. Segro rejected the proposal, which would have given Prologis shareholders about 10.5% of the combined company. Prolo...
