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Logistics real estate rents to surge again in 2023

January 18, 2023


Noting a slowing economy, management from logistics warehouse owner and operator Prologis said demand for space remains firm and leasing fundamentals are strong.

“With regard to our markets and leasing activities, the bottom line is that conditions remain healthy and there is little we see across our results or proprietary metrics that point to a meaningful slowdown,” CFO Tim Arndt told analysts Wednesday on the fourth-quarter earnings call.

Prologis (NYSE: PLD) reported core funds from operations (FFO) of $1.24 per share Wednesday before the market opened, 3 cents light of consensus but 12 cents higher year over year (y/y).

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