Logistics warehouse operator Prologis sees record leasing pipeline after April’s tariff announcement, with leased space utilization rising and demand increasing. Occupancy is 94.9% in Q2, 120 basis points lower y/y but stable. Q2 core FFO is $1.46 per share, 4 cents above consensus. Leasing activity rebounded after tariff news, with a third from 3PLs. Full-year FFO guidance raised to $5.80-$5.85 per share. Market rents down 1.4% in the quarter. Moghadam predicts market vacancy rate has peaked, pushing tenants to be more aggressive. PLD shares up 1.4% on Wednesday.

Read more at Yahoo Finance: Prologis says warehouse ‘demand is piling up’