Prologis Inc. (NYSE: PLD) reported Monday that logistics real estate markets tightened further during the second quarter. The San Francisco-based logistics real estate investment trust posted core funds from operations (FFO) of $1.01 per share in the quarter before the market open, 2 cents per share ahead of forecasts.
“Demand for logistics space is robust and diverse, and operating conditions remain the healthiest in our 38-year history,” said Hamid R. Moghadam, chairman and CEO. “Vacancies in...