Prologis: Strong Despite Tariff Concerns
Here's our initial take on Prologis' (NYSE: PLD) fiscal 2025 second-quarter financial report.
Prologis certainly isn't the most tariff-prone business in the world, but with a global network of logistics properties, there have been fears that demand for its rental properties could suffer. But Prologis' second-quarter results were quite strong, and gave investors some relief.
For starters, Prologis reported core funds from operations (FFO), a great metric of real estate "earnings," that was 9% greater than the same period last year. Rental revenue came in at $2.04 billion, which was ahead of estimates.
Source Fool.com
