World's Largest Industrial Real Estate Developer Prologis Boosts Its Outlook—Here's Why

Key TakeawaysPrologis, the world’s largest industrial real estate company, said that despite subdued customer demand, it sees an improvement ahead and boosted its full-year outlook.The real estate investment trust (REIT) also reported better-than-expected core funds from operations when it released second-quarter earnings Wednesday.Chief Financial Officer Timothy Arndt said Prologis is capitalizing on a "wide range" of growth opportunities. Prologis (PLD) shares gained Wednesday as the world’s largest indus ...