World's Largest Industrial Real Estate Developer Prologis Boosts Its Outlook—Here's Why
PLDPrologis(PLD) Investopedia·2024-07-18 06:56

Key TakeawaysPrologis, the world’s largest industrial real estate company, said that despite subdued customer demand, it sees an improvement ahead and boosted its full-year outlook.The real estate investment trust (REIT) also reported better-than-expected core funds from operations when it released second-quarter earnings Wednesday.Chief Financial Officer Timothy Arndt said Prologis is capitalizing on a "wide range" of growth opportunities. Prologis (PLD) shares gained Wednesday as the world’s largest indus ...