Prologis’ occupancy rate fell from 95.9% in Q3 to 95.6% in Q4. That dip is likely to continue in 2025, as Arndt said the company is forecasting average occupancy to tick down to between 94.5% and 95.5% for the first half of the year.

The mixed-use skyscraper would be part of 4th and King Street Station railyard redevelopment at 700 Fourth Street.

For the year, the company reported funds from operations of $5.31 billion. Revenue was reported as $7.51 billion. Prologis expects full-year funds from operations in the range of $5.65 to $5.81 per share.

Prologis owns the land under the 20-acre site bordered by Fourth, King, Seventh and Townsend streets, currently Caltrain’s northern terminus. Caltrain holds a perpetual easement to operate rail on the site.

Prologis (PLD) shares rose 5.1% on Tuesday after the real estate investment trust’s (REIT) fourth-quarter profit more than doubled. The company reported a net income of $1.28 billion, or $1.37 per share,

The largest owner of industrial space in the U.S. reported strong fourth-quarter earnings in 2024, despite a challenging industrial market.

Prologis beat Wall Street expectations for fourth-quarter core funds from operations (FFO), helped by improving demand for its warehousing spaces and sale of a data center. Shares of the warehouse-focused REIT were up 3.

After e-commerce demand led to an expansion in the industrial real-estate market during the pandemic, warehouse construction has slowed. This dynamic has led Prologis, the world's largest industrial property company, to warn of shrinking supply in recent quarters. The company on Tuesday said post-election leasing activity has strengthened.

Logistics warehouse operator Prologis sees a positive inflection point nearing. The post Prologis Q4 earnings: First look appeared first on FreightWaves.

Miami-Dade County paid $17 million for a site it plans to use as construction staging for Miami International Airport’s improvements.

Strong uptick in leasing activity post-election SAN FRANCISCO, Jan. 21, 2025 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate

After being acquired, this Miami-Dade warehouse has six months left before being flattened for a staging area.