Cooling demand increases warehousing vacancies, with rents inching down
Cooling demand has ended the long run of increasing warehousing costs and nudged the average ...
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
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…
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