Prologis earnings ahead of pre-COVID levels as demand for logistics space grows

Prologis facility

Logistics real estate investment trust (REIT) Prologis Inc. (NYSE: PLD) reported “robust” activity within its portfolio as more sectors come back on line.

On the Tuesday third-quarter earnings call, CFO Tom Olinger said operating conditions are “meaningfully better than they were 90 days ago,” with utilization at its properties “returning to near-peak capacity,” which has driven earnings above pre-COVID levels.

The increase in logistics real estate demand is in part being driven by robust...

https://s29755.pcdn.co/news/prologis-earnings-ahead-of-pre-covid-levels-as-demand-for-logistics-space-grows

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