Major media coverage - 2016

 

Prologis to Build First Multistory Warehouse in the U.S.

The Wall Street Journal, 1 November 2016
Prologis Inc., the world’s biggest warehouse owner, is starting construction next year on a three-floor 580,000-square-foot warehouse just outside downtown Seattle that is scheduled to be completed in 2018, the company told The Wall Street Journal. The building will look like two warehouses stacked on top of each other, with a truck ramp to loading docks on the second level and a third floor, accessible via freight elevators, for lighter-scale warehouse operations.

 

E-Commerce Impact Still in “Early Innings,” Prologis Says

REIT.com, 1 July 2016
Chris Caton, global head of research at Prologis Inc., joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York. Caton addressed the reasons why there has been such a strong market for industrial real estate. “It’s a combination of demand exceeding what many expected, what the economy should have generated, as well as supply being measured over the course of these years,”


Why Cold Storage is So Hot

BISNOW.com, 29 April 2016
What's a hot segment in Phoenix industrial space? Cool space. Literally. Cold storage is in high demand. JLL managing director Anthony Lydon tells us "more than a dozen food and beverage users" are now hunting for cold storage space in greater Phoenix. It's tricky because it's specialized space that's expensive to build and not developed on a spec basis, he adds. That makes it challenging to find space that's the right size with the right mix of amenities.

 

Prologis Warehouse Rents Jump as Space Remains Tight

The Wall Street Journal, 19 April 2016
Prologis Inc., the largest owner of warehouses and distribution centers, reported a record increase in rents in the first quarter, gains the company attributes to limiting new construction despite rising demand. The company expects to cut its 2016 construction budget to just over $2 billion, lower than last year, even as vacancy rates approach all-time lows, Chief Executive Hamid Moghadam said in an interview. As a result, rents on lease renewals jumped 20.1% in first three months of the year, “the best numbers we’ve ever seen,” he said.

 

Prologis Revenue Boosted by Strong Market

Market Watch, 19 April 2016
Industrial real-estate company Prologis Inc. posted a large gain in revenue from strong operating conditions and acquisitions, though profit dropped from the year-earlier quarter that was boosted by asset sales. Chief Executive Hamid Moghadam said operating conditions remain "extremely healthy" and above the company's expectations in a majority of markets.

 

Prologis Beat Forecasts in First Quarter

Property Week, 19 April 2016
Industrial property giant Prologis has reported figures ahead of analyst forecasts for its first quarter of 2016....The company said it had net income of $208m, or 39cents per share. The developer posted revenue of $606.3m in the period, also beating forecasts. Prologis said it expected full-year funds from operations in the range of $2.50 to $2.60 per share.

 

New Prologis Index Tracks Logistics Rents

GlobeSt.com, 31 March 2016
The Bay Area boasts the sector’s fastest growing rents, while London has the priciest among global markets, according to Prologis’ inaugural Logistics Rent Index.

 

Warehouse Rental Rates Jump as Industrial Capacity is Squeezed

The Wall Street Journal, 30 March 2016
Rental rates for industrial real estate surged in the U.S. in 2015, boosted by the economic recovery and historically low vacancies in major logistics markets. The first annual Prologis Logistics Rent Index report, which examined net effective rents in 57 major global markets, found that the U.S. outpaced the rest of the world in 2015 in the growth of industrial rental costs. 

 

Is Denver's Industrial Real Estate Market a Sleeping Giant?

Denver Business Journal, 14 March 2016
Denver’s central location between Chicago and the West Coast and growth in big food and marijuana are largely responsible for the tightening industrial real estate market, record high prices and increasing demand for new construction.

 

Introducing Executives of the Year Closeups - Hamid Moghadam

Commercial Property Executive, 15 Feb 2016
Voted by the CPE 100, an invited group of industry leaders, the Executives of the Year represent all major property categories and business sectors. Each entry is based on the citation that appeared in the December 2015 issue and includes updated information. Our series begins with a longtime leader in the industrial property sector who chalked up his fifth consecutive CPE award last year. Hamid Moghadam, CEO, Prologis Inc. Industrial Property Executive of the Year

 

Put a Solar Panel on It: How did a warehouse company become one of America’s leaders in renewable energy?

Slate.com, 29 Jan 2016
When large companies want to save money on their power bills and burnish their green credibility with consumers, their big-box facilities begin to sprout solar panels. Which is why the annual Solar Means Business Report, which ranks corporate solar developers, is filled with highly recognizable brand names: Walmart, Prologis, Apple, Costco, Kohl’s, Ikea, Macy’s.

 

Prologis Says E-Commerce Drives Surge in Warehouse Demand

Wall Street Journal, 26 Jan 2016
Prologis Inc., the world’s largest owner of industrial real estate, reported its annual core funds from operations jumped 19% in 2015, as the rapid growth of online shopping constrained warehouse capacity and created a windfall for building owners. The company had a record occupancy rate across its real estate portfolio of 97% last year, up from 96% in 2014.

 

CEO of warehouse REIT said he isn't afraid of China

CNBC.com, 26 Jan 2016
The fundamentals of real estate still hold up, even when there is an elephant in your warehouse. Supply and demand are favoring the U.S. industrial space, despite fears of China's slowing economy sucking the wind out of the sector's sails. Prologis, the largest warehouse REIT in the nation, reported strong fourth-quarter funds from operations on Tuesday, beating expectations by 2 cents per share. Revenue of $643.2 million was considerably higher than expected, up 43 percent from one year ago. 

 

Charting the Future of Industrial Real Estate

Colliers.com, Winter 2016
Thanks to technology’s massive strides, the industrial and logistics sectors are changing rapidly. In Colliers’ Winter 2016 Knowledge Leader, we take a look at the opportunities afforded by these changes and how industrial properties and logistics will look quite different in the not-too-distant future. In the Winter 2016 edition: Gene Reilly, CEO of the Americas for industrial real estate giant Prologis, discourses on the industrial market’s resilience and future.

 

CEO Interview: Hamid Moghadam, Chairman and Chief Executive Officer, Prologis

PWC.com, January 2016
Global supply chains are transforming and presenting new opportunities for real estate investment trust Prologis, says Hamid Moghadam, its chairman and CEO. The growth of ecommerce, even as brick-and-mortar sales decline, is leading companies to invest in new supply chain infrastructures. So too, are economic shifts, such as China’s cooling demand for commodities. There’s even a silver lining in today’s slow-growth environment for Prologis, which owns and manages distribution facilities worldwide, because companies are searching for new ways to make their supply chains more efficient. 

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