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...