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Prologis is experiencing strong demand for warehouses because of data centers and online shopping.

ResultsRead the original at Benzinga
Neutral

Prologis’s funds-from-operations measure beat estimates, and same-property income rose 5.9%, but rental sales missed estimates and costs climbed. Its narrower full-year forecast stayed near analyst expectations, leaving the report mixed.

PLD · Prologis Inc.

AI read · Neutral

The AI's read

That leaves the warehouse business supported by steady property income, but with weaker rental sales and higher costs. The funds measure beat analyst estimates, and customers signed leases covering 60 million square feet. The revised full-year range stayed close to analyst expectations, so the figures do not point clearly in one direction.

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