Prologis, Inc. (NYSE:PLD) traded at around $129 on October 6, up 1.05% on the day and 10.44% higher over twelve months. The company keeps 43.03% of revenue as operating profit from warehouses leased to retailers and logistics operators. The moat here is not the buildings. It is where they already stand. READ ALSO: Costco (COST) vs Walmart (WMT): Which is a Better Stock to Buy?What is Prologis's (PLD) Economic Moat, and is it Widening or Narrowing? The Moat Is Land That Cannot Be Bought Again: A warehouse is simple to construct and almost impossible to place. The valuable sites sit close to large cities, because delivery promises measured in hours depend on how far a van has to travel.
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