Logistics + Economy

Trade News > Trade Logistics > Huge loss for ProLogis

Huge loss for ProLogis

Bill DiBenedetto / The JOURNAL of COMMERCE ONLINE | Feb 10, 2009 12:00AM GMT

JOCO - News Story

Logistics + Economy

ProLogis, the distribution facility developer and real estate investment trust, reported a fourth-quarter net loss of $887.1 million, directly related to the collapse of its common shares in the waning months of 2008.The Denver-based company was pummeled by the slumping economy and real estate market, along with the financial and

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