Reported 15 days ago
Prologis exceeded third-quarter expectations with consolidated revenue of $2.21 billion, a 9% year-over-year increase, and raised its full-year outlook. New leases surged by 29% to 65.6 million square feet, though average occupancy dipped slightly to 94.8%. CEO Hamid Moghadam highlighted the company's strong leasing performance and optimistic market outlook, anticipating a significant upturn in rent and occupancy growth.
Source: YAHOO