Cooling demand increases warehousing vacancies, with rents inching down
Cooling demand has ended the long run of increasing warehousing costs and nudged the average ...
THE MOTLEY FOOL writes:
Shares of Prologis (PLD -3.11%) were falling today after the world’s largest industrial real estate investment trust (REIT) posted second-quarter results that seemed to come up short of Wall Street’s expectations, despite beating headline estimates. As of 12:31 p.m. ET, the stock was down 4.4%.
So what
Prologis, which owns warehouses used primarily for logistics and e-commerce, posted results that were mostly in line with estimates, but the stock seemed to fall in response to its elevated valuation. Revenue in the quarter nearly doubled to $2.45 billion, driven in part by last October’s acquisition of Duke Realty. That figure easily beat estimates at $1.69 billion…
To read the full post, please click here.
Asia-Europe ocean trades a nightmare scenario – 'unless you're a carrier'
Flexport under fire as Peloton claims 'unfair D&D fees' cost it millions
News Podcast | May 2024 | Container shipping: a riddle, wrapped in a mystery, inside an enigma
Canadian government invokes 'red tape rule' to prevent rail strike
A 'carrier-controlled market' as spot rates rise and capacity tightens
Maersk raises surcharges as Red Sea risk expands and costs mount
Carriers juggling capacity and port congestion 'taking us back to the dark days'
Comment on this article