NEW DELHI, INDIA--(Marketwire - Oct 30, 2012) - The REIT industrial industry, within which ProLogis Inc. and DCT Industrial Trust Inc., operate, could benefit from modestly improving industrial sector trends. In September the ISM Manufacturing Survey increased to 51.5, indicating expansion in industrial output. Furthermore, auto sales continued to see growth in September, reaching a seasonally adjusted annual rate of 14.96 million. The REIT - Industrial industry has seen the above updates lately. And members can today access complimentary reports for two companies, ProLogis Inc. (
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Property values and institutional demand for quality properties seem to be improving of late, and companies have been able to post solid quarterly results. ProLogis recently reported third quarter funds from operations of $209.9 million, versus $211.4 a year ago. During the period the company continued to move forward with its goal to improve the quality of its portfolio by divesting assets in non-strategic markets and reinvesting funds in major global markets. The company also recently announced the signing of a new lease agreement, spanning around one million square feet, with Sainsbury's Supermarkets Ltd in the UK. ProLogis Inc. financial analysis available by signing up for free at
It will be interesting to see how other industry players have fared in the most recent quarter, and whether they have felt the positive impact of improvements in the industrial sector. DCT Industrial is scheduled to report its third quarter financial results on November 1st. Street-Wire.com posted financial analysis on DCT Industrial Trust Inc. today, members can access it at
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Anthony K. Merchant