Jan 21 (Reuters) - Real estate investment trust (REIT)

Prologis ( PLD ) beat Wall Street expectations for

fourth-quarter core funds from operations (FFO), helped by

improving demand for its warehousing spaces and sale of a data

center.

Shares of the warehouse-focused REIT were up 3.3% in morning

trade.

Potential stocking activity by importers owing to the threat

of new tariffs by the Trump administration has aided the demand

for storage spaces across the U.S.

"Post-election leasing activity has been strong, and our

ongoing conversations with customers support our expectation

that the market is nearing an inflection point," CEO Hamid R.

Moghadam said.

Prologis ( PLD ) reported a core FFO, a key REIT metric closely

monitored by investors, of $1.50 per share for the quarter ended

December 31, beating analysts' estimates of $1.39, according to

data compiled by LSEG.

The San Francisco, California-based company, however,

forecast 2025 core FFO between $5.65 and $5.81, compared with

Wall Street estimates of $5.77, amid uncertainty around future

freight demand.

In December 2024, Prologis ( PLD ) sold its Chicago-based Elk Grove

data center to HMC Capital but did not disclose any financial

details.