62.44 0.00 (0.00%)
After hours: 4:30PM EDT
|Bid||62.00 x 600|
|Ask||62.44 x 100|
|Day's Range||62.35 - 63.28|
|52 Week Range||58.28 - 67.53|
|PE Ratio (TTM)||18.62|
|Forward Dividend & Yield||1.92 (2.92%)|
|1y Target Est||N/A|
Duke Realty's (DRE) Q2 results will likely reflect impact of prolonged recovery in the industrial markets, which has led to elevated levels of new supply and hindered its pricing power.
Norway's sovereign wealth fund, the world's largest, has bought a logistics property in the U.S. state of California with its property partner Prologis, it said on Thursday. Prologis will hold the remaining 55 percent. The seller was Barings.
Buoyed by improved outlook for market rental growth and year-to-date performance, Prologis (PLD) increases and narrows guidance for 2018 same-store NOI.
The San Francisco-based real estate investment trust said it had funds from operations of $391.6 million, or 71 cents per share, in the period. The average estimate of 10 analysts surveyed by Zacks Investment ...
Fundamentals of underlying asset categories are likely to continue playing a pivotal role in determining REITs’ returns, and industrial REIT is one such sector which is poised to excel. This sector logged a gain of 5.65% in the first six months of 2018, per data from REIT.com, with enough room for decent gains for the upcoming days as well.
Healthy fundamentals of industrial real estate market amid improving economy and e-commerce boom are likely to have aided Prologis' (PLD) Q2 results. Yet, competition and rising supply remain woes.
Prologis (PLD) is well poised to benefit from increasing demand for modern distribution facilities at strategic locations and the company has a sound development expertise.
Duke Realty (NYSE:DRE) has enjoyed tremendous benefits from the e-commerce boom. The Indianapolis-based real estate investment trust (REIT) continues to lease more space as online shopping has increased the demand for warehouse space.
Prologis (PLD) is well poised to capitalize on the growing need for warehouses amid e-commerce boom. It plans to break ground in Oakland for the construction of an industrial building.
As industrial tenants seek newer, more sophisticated buildings, and locations that will give them an edge over competitors, developer Prologis Inc. (NYSE: PLD) has primed its Oakland Army Base redevelopment as the crème de la crème of Bay Area industrial sites. “The fact that we’re going vertical on these buildings now has been in the works for over a decade,” said Dan Letter, managing director of capital deployment in the Northwest for Prologis. “It’s right down the fairway of our corporate strategy, which is to continue to push into the urban core where consumption is rising the fastest.” Called the Oakland Global Logistics Center, the finished site will provide 675,000 square feet across three buildings for warehouses and logistics.
Eight developments that Ken McQueen and Chris McClurg are involved with represent nearly 3 million square feet of spec space within the Sky Harbor or southeast Valley submarkets.
Duke Realty's (DRE) strategy to focus on industrial real estate properties will likely drive the company's long-term growth.
Monmouth Real Estate Investment Corporation's (MNR) industrial property purchase in the Mobile, AL MSA, expected to help capitalize on the growing demand for such facilities in the region.
Host Hotels & Resorts (HST) following a strategic capital-recycling program to improve portfolio quality and strengthen the company's position in vibrant markets.
Duke Realty's (DRE) latest lease highlights the elevated demand for modern warehouse properties near the New York metropolitan area, as well as the company's solid capacity to leverage on this trend.
The Zacks Analyst Blog Highlights: CBRE Group, Prologis, Terreno Realty, Chatham Lodging Trust and Host Hotels & Resorts
REITs business usually buoys up on a stepped-up economy and job scenario because a fatter purse gives tenants more power to demand real estate space and shell out higher rents.