logistics real estate Archives - Page 2 of 5

Logistics warehouse giant Prologis ups guidance again

18 July 2022

Logistics real estate investment trust Prologis Inc. raised its full-year 2022 guidance Monday, noting the market indicators it follows “remain strong.”

“The pandemic drove record demand for the past two years, which translated into all-time low vacancies and unprecedented rent growth,” Hamid Moghadam, co-founder and CEO, said in a news release. “As conditions normalize, we are still seeing healthy demand that rivals past peak cycles and, informed by our proprietary data insights, we expect...

https://www.freightwaves.com/news/logistics-warehouse-giant-prologis-ups-guidance-again

Prologis: US logistics real estate market hits record-low 16-month supply

11 May 2022

Several data points provided Wednesday by logistics real estate provider Prologis showed warehouse space is likely to remain constrained for some time.

A new metric, “true months of supply (TMS),” which compares current vacancies plus the development pipeline to trailing net absorption, has fallen to 16 months in Prologis’ 30 U.S. markets. Historically, that metric hovers around 36 months during expansionary periods and prior to 2021, it has never dipped below 32 months.

TMS data has an 80% or...

https://www.freightwaves.com/news/prologis-us-logistics-real-estate-market-hits-record-low-16-month-supply

Prologis offers to buy Duke Realty for $24B

10 May 2022

A Prologis sign in front of a Prologis warehouse

Logistics real estate giant Prologis announced Tuesday a proposal to acquire competitor Duke Realty in an all-stock transaction valued at $24 billion.

An offer price of $61.68 per share for Duke Realty (NYSE: DRE) represents a 29% premium to Monday’s closing price and a 32% premium based on the 30-day volume weighted averages. Prologis (NYSE: PLD) said the deal “provides significant growth and upside potential” to both companies.

“We are known for providing exceptional service to customers and...

https://www.freightwaves.com/news/prologis-offers-to-buy-duke-realty-for-24b

Prologis: Logistics real estate market in ‘unprecedented territory’

19 April 2022

A truck backed up to a warehouse dock door

Logistics warehouse operator Prologis Inc. sees the market for space remaining tight for some time. On its first-quarter earnings call with analysts Tuesday, management said available supply in the market is still at all-time lows.

Prologis (NYSE: PLD) beat first-quarter expectations, reporting core funds from operations (FFO) of $1.09, 2 cents ahead of consensus and 12 cents higher year-over-year.

A sustained period of high consumer demand along with delays in new projects coming online have...

https://www.freightwaves.com/news/prologis-ups-guidance-as-warehouse-market-remains-tight

Prologis ups guidance as warehouse market remains tight

19 April 2022

Logistics real estate investment trust Prologis Inc. beat first-quarter expectations and raised full-year guidance on Tuesday.

Core funds from operations (FFO) of $1.09 per share outpaced analysts’ expectations by 2 cents and were 12 cents higher than the year-ago period. Prologis (NYSE: PLD) expects 2022 net earnings to be in the range of $4.85 to $5 per share, 10% higher than its outlook provided at the beginning of the year. Core FFO guidance was raised nearly 2% to a range of $5.10 to $5.16...

https://www.freightwaves.com/news/prologis-ups-guidance-as-warehouse-market-remains-tight

Few empty offices likely to transition to logistics centers, Prologis says

8 March 2022

New logistics space to be limited for some time.

Expanding e-commerce demand and the incremental inventory and space it takes to run a successful e-fulfillment platform has pushed logistics real estate availability to new lows. But don’t expect an abundance of vacant office spaces to bridge the gap, according to a Monday report from logistics real estate investment trust Prologis.

The company’s research division concluded in a report that differences in building requirements and tough zoning regulations would lead to minimal conversions of...

https://www.freightwaves.com/news/few-empty-offices-likely-to-transition-to-logistics-centers-prologis-says

Inventories clog supply chain again in February

1 March 2022

Supply chain likely to stay bogged down with inventory

A Tuesday report showed activity across the supply chain was near record levels again in February. A sizable amount of inventory in the system was met by a lack of capacity to either move it or store it, a trend that continued from January.

The Logistics Managers’ Index (LMI), a survey measuring supply chain conditions, came in at 75.2 during the month, 3.3 points higher than January and the second-highest level recorded in the dataset’s five-year history. This was the 13th consecutive month the...

https://www.freightwaves.com/news/inventories-clog-supply-chain-again-in-february

Prologis: Logistics real estate vacancies will see all-time low in 2022

20 January 2022

Growing e-commerce fulfillment and safety stock additions push warehouse availability to historic lows

Management from logistics real estate investment trust Prologis Inc. said during a call with analysts on Wednesday that the outlook for available warehouse space continues to tighten. The catalysts: increased consumption, demographic growth, growing e-commerce fulfillment demand that requires faster service and many supply chains looking to rebuild inventories.

Prologis (NYSE: PLD) estimates a 25% increase in inventory will be required as inventory-to-sales ratios are 10% lower than before the...

https://www.freightwaves.com/news/prologis-logistics-real-estate-vacancies-will-see-all-time-low-in-2022

Prologis’ 2022 guidance ahead of consensus as warehouse market tightens

19 January 2022

Capacity coming online not enough to meet demand for logistics space

Prologis Inc. reported fourth-quarter core funds from operations (FFO) of $1.12 per share, which was 2 cents ahead of the consensus estimate and 18% higher year-over-year. Occupancy tightened further, increasing 160 basis points to 97.4% from the year-ago quarter.

“Demand for our 1 billion-square-foot global portfolio shows no signs of slowing and we are positioned ideally to meet our customers’ most critical real estate needs,” said Hamid Moghadam, co-founder and CEO in a Wednesday press...

https://www.freightwaves.com/news/prologis-2022-guidance-ahead-of-consensus-as-warehouse-market-tightens

CBRE Investment snaps up $4.9B global logistics real estate portfolio

4 January 2022

CRBE Investment Management, a subsidiary of global real estate company CBRE, is buying $4.9 billion worth of logistics real estate

In one of the largest industrial real estate transactions in history, CBRE Investment Management, the investment arm of CBRE Group, the world’s biggest commercial real estate company, is buying up a $4.9 billion portfolio of logistics properties from Hillwood Investment Properties, a real estate business founded by Ross Perot Jr.

The portfolio, which includes more than 57 real estate assets, comprises over 28 million square feet of warehouse space — about 19 million of them are in the U.S., with...

https://www.freightwaves.com/news/cbre-investment-snaps-up-49b-global-logistics-real-estate-portfolio

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