Logistics warehouse owner Prologis said Tuesday it continued to see strong trends to start the year even as the macroenvironment has begun to cool.
Prologis (NYSE: PLD) reported first-quarter core funds from operations (FFO) of $1.22 per share before the market opened. The result was in line with the consensus estimate and 13 cents higher year over year (y/y). Average occupancy across the portfolio ticked up 60 basis points (bps) to 98% and net effective rent change (over the entire lease term)...