Prologis Reports Earnings Are Back to Pre-COVID-19 Levels, Driven By E-Commerce

Brent Nyitray, CFA, The Motley Fool
·4 min read
Prologis Reports Earnings Are Back to Pre-COVID-19 Levels, Driven By E-Commerce
Prologis Reports Earnings Are Back to Pre-COVID-19 Levels, Driven By E-Commerce

The COVID-19 crisis has been brutal for the real estate investment trust (REIT) sector. Mall REITs are dealing with struggling retail tenants, who are finding consumers reluctant to congregate in big crowded spaces. The office REITs are hopeful that demand for office space will remain strong, while investors are unconvinced.