Prologis Feels Effect of European Presence
Shares of Warehouse Owner, With Quarter of Portfolio in Europe, Have Dropped on Investor Concern Over Continent
BY A.D. PRUITT
Prologis Inc., the world’s largest public owner of warehouses, is fending off investor fears that a financial meltdown in Europe would be a major setback for the company.
San Francisco-based Prologis, which just months ago completed a merger with its biggest rival, has 25% of its portfolio, or 148 million square feet of warehouse space, operating or under development in 15 European countries. Most of those properties are in the U.K., France and Germany.
Wall Street clearly is aware that Prologis has more exposure to Europe than other U.S. real-estate investment trusts.
Read entire Wall Street Journal article here.
The Peninsula Industrial Pros 