John R. Oliver

Founder - Director of Asset Management/Portfolio Manager @ AgileWealth Multi-Family Office. Insatiably curious. #Mastergardener #trailrunner 💬 not Advice. ✝️

[Hoya Capital 🏙️ @HoyaCapital]

🏭 Prologis Boosts U.S. Industrial Market Outlook

Prologis (PLD) - the largest industrial REIT and a bellwether for national logistics real estate trends - upgraded its outlook for U.S. industrial market fundamentals following a stronger-than-expected second quarter.

Given Prologis’ massive 1.3B square-foot global portfolio, broad tenant base, and extensive real-time leasing data, its commentary is generally viewed as one of the clearest reads on the direction of the broader warehouse market.

Prologis reported that U.S. net absorption reached 66M square feet in 2Q, the strongest quarterly result since 2022, while national vacancy declined to 7.2%.

PLD now expects 220M square feet of U.S. absorption in 2026 against 195M square feet of new completions, a favorable supply-demand balance that should support an additional 30-basis-point improvement in occupancy over the course of the year.

This marks a notable upgrade from the more cautious outlook offered earlier in the cycle, when industrial landlords were still working through the effects of elevated post-pandemic construction.

Market rents also turned more decisively positive, rising 70 basis points sequentially in the U.S. during the quarter, which lifted the year-to-date increase to around 1.0%.

Management characterized the sector as having moved beyond the “inflection” phase and into a broader recovery, with occupancies stabilizing, rents beginning to rise, and leasing demand broadening across property sizes and customer categories.

Prologis cited strength from e-commerce, advanced manufacturing, semiconductor and defense-related users, and companies supporting the build-out of digital infrastructure.

International trends were similarly constructive. Europe, which Prologis believes is roughly a year ahead of the U.S. in the recovery, recorded another 60-basis-point increase in rents, while vacancy remained relatively tight at 5.2%.

PLD expects rent growth to become more consistent as new supply remains constrained, replacement-cost rents sit well above current market levels, and demand continues to recover across cyclical end markets.

At the regional-level, PLD noted that Southern California has bottomed and entered the early stages of recovery, with 2Q net absorption of 9M square feet, led by the Inland Empire, while vacancy declined 30 basis points sequentially to below 7%.

Market rents were broadly stable, with some pockets beginning to post increases, although Southern California remains behind the broader national recovery.

Elsewhere, Prologis identified Texas, the Southeast, the Midwest, and the San Francisco Bay Area among the strongest markets for prospective rent growth, while Seattle remains the softest major market.

Management also noted that large-format availability is exceptionally tight, with no available buildings larger than 1M square feet in its portfolio, while improving occupancy is increasingly extending into midsized and smaller units.

$PLD | @AllTheREITNews | @DailyREITBeat | @ReitAcademy | @bradthomas | #REITs #Dividends #Investing

[John R. Oliver @agilejro]

@HoyaCapital @grok what does this mean fro the broader economy? What areas are winning and is it still K shaped in nature?

[Barstool Sports @barstoolsports]

The celebrations are on in Argentina tonight

What an atmosphere

[Aikido Security @AikidoSecurity]

GlassWorm spread via VS Code extensions. Your EDR won't catch it. Aikido does - try now.

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

$GS record high, +9% for its best day since April 2025

[Wisdom Stoics @WisdomStoics]

Bro to bro.

[John R. Oliver @agilejro]

@ProspectsUsmnt Senegal was clearly the better side against Belgium as well. It’s a shame they couldn't close it out, but they absolutely dominated for 75 minutes.

[Barstool Sports @barstoolsports]

The Spanish broadcast of Malik Tillman’s free kick

MAJESTIC 🇺🇸

[tae kim @firstadopter]

Friends. THERE IS NO EXCESS COMPUTE. If there was, Amazon AWS would not be raising $NVDA GPU pricing by 20%. Come on. Use your brain.

[Hamilton @capitalflows]

The guy who controls the short term rate is telling you to stop worrying about a rate hike.

Sometimes it really is that easy.

[NVIDIA @nvidia]

Water usage has been a hot topic in the AI data center world, but the numbers may surprise you.

According to the Manhattan Institute, data centers use 0.2 percent of daily water usage in the U.S. and that number has dramatically decreased in the past few years due to a new method: liquid cooling.

By moving to 45°C liquid cooling, AI factories in favorable climates can use dry coolers instead of conventional cooling-tower-based systems, cutting facility cooling water use from roughly 2.6M gallons per MW per year to near zero.

Liquid cooling enables AI factories to be both water and energy efficient, while creating opportunities for heat reuse and dispersal to local communities, allowing these factories to become energy grid assets.

Learn more below ⬇️

https://t.co/7WanoPNKTR

[Shay Boloor @StockSavvyShay]

$NVDA has argued that AI’s water challenge is largely solved by liquid cooling as 45°C systems allow AI factories in favorable climates to use dry coolers instead of traditional cooling towers.

That can reduce facility cooling water use from ~2.6M gallons per MW per year to near zero while data centers still account for only 0.2% of daily U.S. water use.

[John R. Oliver @agilejro]

@WhaleFUD Thought you meant over supply shock! Long run we've made production and distribution more liquid. Short term disruption long term resilience.

[JH @CRUDEOIL231]

June crude exports.

Keep in mind this is only tallied up to the 18th, so expect some upward revision on the final print. The UAE export data should have STS baked into it.

US barrels are down roughly 1mb/d m/m, and China imports are printing deep in the mud, exactly as the street expected.

#oott #iran

[John R. Oliver @agilejro]

@lookner @zerohedge 😂

[Anatoly Prank Fan @Anatolyfans24]

🤯🤯💪🏽💪🏽🔥🔥💪🏽🔥🔥🔥🤯🤯🤯

[Ben Carlson @awealthofcs]

I still don't think ppl realize what an amazing deal locking in a 3% mortgage in 2020 has been for homeowners

Inflation has averaged 3.9% this decade

It's now back above 4%

You're basically borrowing for free

This was the deal of a lifetime

[Stock Market Nerd @StockMarketNerd]

$ORCL Earnings Snapshot:

[David Sacks @DavidSacks]

Based Bezos is awesome

[John R. Oliver @agilejro]

@DoucheBag168 @JonahLupton @CapexAndChill No, that is fortunately traders are narrowed sited ATM = opportunities. Our challenge is to build and time our building.