Shares of Prologis (NYSE: PLD) have tumbled 40% from their peak earlier this year. "We are clearly in a volatile macro environment where ongoing inflation, steeply rising interest rates, and the war and energy crisis in Europe are pressuring the global economy, " stated Prologis CFO Tim Arndt on its third-quarter conference call. While he said the company is "closely monitoring each element," the CFO noted that "the fundamentals in our business are very strong, and our read of supply and demand in our markets remains out of sync with the headlines." Read More...
Shares of Prologis (NYSE: PLD) have tumbled 40% from their peak earlier this year. “We are clearly in a volatile macro environment where ongoing inflation, steeply rising interest rates, and the war and energy crisis in Europe are pressuring the global economy, ” stated Prologis CFO Tim Arndt on its third-quarter conference call. While he said the company is “closely monitoring each element,” the CFO noted that “the fundamentals in our business are very strong, and our read of supply and demand in our markets remains out of sync with the headlines.”
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