logistics REITs

Prologis’ $26B acquisition of Duke Realty approved by shareholders

Hub Group container at a Prologis facility

Prologis announced Wednesday after the market closed that shareholders approved the proposed $26 billion all-stock acquisition of Duke Realty. In separate votes both held Wednesday, 87% of Prologis shareholders and 85% of Duke Realty shareholders agreed to the terms of the merger.

“Upon consummation of the merger, Duke Realty shareholders will receive 0.475 of a newly-issued share of Prologis common stock for each share of Duke Realty common stock they own immediately prior to the effective time...

https://www.freightwaves.com/news/prologis-26b-acquisition-of-duke-realty-approved-by-shareholders

Prologis beats Q4 consensus; guidance ahead of forecasts

Prologis' Q4 ahead of forecasts

Logistics real estate investment trust Prologis Inc. (NYSE: PLD) reported core funds from operations of 95 cents per share, 3 cents ahead of consensus, for the fourth quarter on Tuesday. Full-year 2020 core FFO was $3.80 per share, almost 15% higher year-over-year and 2 cents above the high end of management’s guidance range.

“The work we have done to create the best-in-class portfolio and the most efficient cost structure in the industry is delivering exceptional financial results,” said...

https://www.freightwaves.com/news/prologis-beats-q4-consensus-guidance-ahead-of-forecasts

Prologis Research says automation offsets only part of warehouse shortage

Prologis Research sees warehouse automation as partial offset to growing need for logistics space

The second installment in a two-part series on the benefits of automated logistics warehouses was published Wednesday by the world’s top logistics real estate investment trust, San Francisco-based Prologis Inc. (NYSE: PLD).

The company’s research team said the key hurdles facing the logistics real estate sector have been finding skilled labor and desirable locations for new sites. Additionally, limited last-mile delivery capacity is presenting further headwinds as parcel companies are turning...

https://s29755.pcdn.co/news/prologis-research-says-automation-offsets-only-part-of-warehouse-shortage

Prologis Research points to automation as key to logistics operations

Prologis Research sees warehouse automation as easing e-commerce growing pains

A new research report from the world’s leading logistics real estate investment trust, Prologis Inc. (NYSE: PLD), highlights the benefits of automated logistics warehouses.

The first installment of a two-part series on automation in logistics real estate from the San Francisco-based company’s research team notes a rapid increase in warehouse automation as e-commerce growth accelerates and labor issues remain a headwind.

The report shows e-commerce logistics operations are leading the adoption of...

https://www.freightwaves.com/news/prologis-research-points-to-automation-as-key-to-logistics-operations

Conversion of retail space to logistics use ‘will be small’ – Prologis

Prologis facility in Jackson, Georgia

In a research report, San Francisco-based real estate investment trust Prologis Inc. (NYSE: PLD) says there are significant headwinds involved in converting retail space to logistics throughput centers.

COVID-19 has forced many traditional brick-and-mortar retailers to further adopt e-commerce solutions, with many looking to transform existing retail stores with low foot traffic into digital fulfillment centers.

However, the report suggests that retail conversions “will be small, amounting to...

https://s29755.pcdn.co/news/conversion-of-retail-space-to-logistics-use-will-be-small-prologis

Equivalent of 2.5% of world GDP moves through Prologis facilities — report

Truck at Prologis facility

The total value of goods passing through a Prologis Inc. (NYSE: PLD) facility is estimated at $2.2 trillion annually, up 69% from the company’s 2017 throughput. That equates to 2.5% of world GDP and 4.4% of global household consumption.

In the U.S., $1.4 trillion of throughput, or 6.3% of GDP, resides in a Prologis warehouse at some point during the year.

These were a couple of highlights in a report performed by advisory firm Oxford Economics on the economic impact of the world’s leading...

https://s29755.pcdn.co/news/equivalent-of-25-of-world-gdp-moves-through-prologis-facilities-report