Logistics real estate investment trust Prologis issued 2022 guidance ahead of expectations on Wednesday.
“We’ll see real progress as more companies have leadership at the highest levels in the company focused on sustainability and incorporating sustainability into business strategy,” said Susan Uthayakumar, chief sustainability and energy officer at Prologis.
The unit of the financial services titan becomes a big player in U.S. logistics real estate.
Blackstone’s logistics real estate unit boosted its U.S. portfolio to 440 million square feet.
Available space at the country’s most important warehousing complex drops to unimaginable levels.
Moghadam said the company will need to increase its facility footprint at the same pace.
The event will take place at Prologis headquarters in San Francisco from 11 a.m. to 2:30 p.m. PT, with the option for attendees to attend virtually.
Online growth, higher inventory levels are trends that will likely last, Moghadam says.
With business booming, the logistics warehouse titan reports better-than-expected results and raises full-year estimates.
Industrial warehouse operator Prologis Inc. said Thursday it was expanding a training program aimed at bringing 25,000 new workers to the logistics industry.
