NOI Growth Should Remain Elevated for Prologis Despite Slowing Market Rent Growth

Prologis acquires, develops, owns, and operates industrial properties that are strategically located in markets characterized by high population densities, growing consumption, and high barriers to entry, typically near large labor pools and extensive transportation infrastructure. The company's strategy is to leverage the organizational scale of its 1.3 billion-square-foot portfolio to provide a single point of contact to address the logistical needs of its multimarket clientele. The firm's strategically located global land bank has the potential to support the lucrative development of approximately $42 billion of new industrial projects in the coming years.