Logistics real estate investment trust Prologis pointed to geopolitical unrest and rising interest rates as factors weighing on customer decisions around investment in warehousing space.
Prologis (NYSE: PLD) beat third-quarter expectations Tuesday, posting core funds from operations (FFO) of $1.30, which was 5 cents ahead of the consensus estimate but 43 cents lower year over year (y/y).
The company expects project completions to outpace net absorptions by 150 million to 250 million square feet...
https://www.freightwaves.com/news/prologis-sees-demand-uncertainty-posts-q3-beat