Prologis is trading 5.2% down at $138.56, extending a sharp pre-market slide as investors lock in gains following a recent rally.
- The move is driven by broader REIT sensitivity to interest rates and profit-taking, with no new company-specific earnings, deals, or major announcements reported.
- Shares are diverging from a generally positive equity futures backdrop, suggesting a rotation away from rate-sensitive real estate plays after the mid-July rebound.