Why Prologis Is Firing on All Cylinders
One of the biggest themes of the past year and a half has been shortages. The COVID-19 pandemic depleted corporate inventories, and now companies are struggling to fill increasing demand. This demand from consumers has created competition between e-commerce and traditional retailers for logistics space.
Prologis (NYSE: PLD) is at the epicenter of this, and it's resulting in increased rents and occupancy. The company just reported second-quarter earnings, with funds from operations in the core real estate business increasing 13.4%. The company gave a rosy outlook for the industry in general. The current environment is signaling higher rents going forward, and with space at a premium, this trend should continue.
Source Fool.com
