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SunTrust: Rebounding container traffic bodes well for industrial REITs

May 29, 2015 11:55 AM ETPrologis, Inc. (PLD) StockFR, DCT-OLD, PLDBy: Stephen Alpher, SA News Editor
  • Recapturing what was lost during the West Coast port strike, U.S. container traffic jumped 19.2% Y/Y in March and 6.6% Y/Y in April, notes SunTrust's Ki Bin Kim, still bullish on industrial fundaments, though seeing a potential slowdown in China as a risk.
  • He sees Prologis (NYSE:PLD) as one of the cheapest blue-chip REITs and rates it a Buy with $50 price target. Also rated Buy is First Industrial Realty Trust (NYSE:FR). Rated at Neutral is DCT Industrial Trust (NYSE:DCT).
  • Previously: SunTrust checks flood impact to Houston-exposed REITs (May 29)

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