News / Prologis sees only minor slowdown in warehousing market as it adds space

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On the heels of the agreement to take over Duke Realty for $26bn, warehousing behemoth Prologis sees only a minor slowdown in the market – and has upped its guidance for the year.

It anticipates net earnings per share of $5.15 to $5.25 this year, 5.6% higher than the midpoint of the range predicted in April, when management then upped its guidance by 10%, in the wake of first-quarter results.

“The pandemic drove record demand for the past two years, which translated ...