Prologis Optimistic About Data Centers and AI
CREtech
Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin. Prologis (PLD), a San Francisco-based real estate investment trust (REIT), reported an 18% drop in earnings, with revenue falling to $2.01 billion from $2.45 billion year-over-year due to high warehouse vacancies and slow demand. Despite this decline, Prologis is significantly raising its spending budget and focusing on data centers and a…