Prologis Japan warehouse 04

The world’s largest warehouse developer and owner yesterday released its annual results showing record returns on the back of increased demand due to the rise in e-commerce supply chains. Its “core funds for operations”, its main financial metric, increased 19% over the course of the year to reach $1.2bn, while the occupancy rate across its global locations reached a record 97%. Chief executive Hamid Moghadam said growth had mostly been spurred by e-commerce customers who, because each individual shipment to end consumers has to be separately packaged, typically require three times more stage space than goods shipping on pallets.

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