Nick Tillman's questions to Prologis (PLD) leadership • Q3 2025
Question
Nick Tillman inquired about credit risk and private credit, asking if anything in the portfolio or broader market is causing concern regarding vacancy peaking and building occupancy.
Answer
CFO Tim Arndt stated that there isn't a pause in the way the question was asked. He acknowledged elevated bad debt expense, expecting it to be in the 40s basis points on revenue for the year, which is below past crises, attributing this to improved customer selection and credit health of the portfolio.