E-commerce, onshoring drive Q1 demand for Link Logistics [Yahoo! Finance]
Werner Enterprises, Inc. (WERN)
Last werner enterprises, inc. earnings: 4/28 04:05 pm
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Source: Yahoo! Finance
In the fourth quarter, it inked deals covering 23.4 million square feet. Link Logistics' portfolio was 94.6% leased in the first quarter, which was 160 basis points lower than in the fourth. Blended cash leasing spreads — a comparison of new rents to expiring rents — were 44.4%, which was 1,120 bps lower sequentially. “We entered 2024 with persistent demand for our well-located, last-mile properties,” said CEO Luke Petherbridge. “E-commerce continued to be a significant growth driver, along with the onshoring of manufacturing and the transition to clean energy.” New York-based Link Logistics holds the largest U.S.-only logistics real estate portfolio at 533 million square feet, including developments. It has 13.1 million square feet under construction. During the first quarter, it disposed of 10 facilities with 7.1 million square feet, generating $1.5 billion in gross proceeds. “In the first quarter, our scale, unique data insights and talented team helped us to take advantage
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WERN
News
- Werner Enterprises Announces New Stock Repurchase Authorization and Quarterly Dividend [Yahoo! Finance]Yahoo! Finance
- Werner Enterprises Announces New Stock Repurchase Authorization and Quarterly DividendBusiness Wire
- Werner Enterprises, Inc. (NASDAQ: WERN) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Werner Enterprises to Participate in the Wolfe Research 17th Annual Global Transportation and Industrials Conference [Yahoo! Finance]Yahoo! Finance
- Werner Enterprises to Participate in the Wolfe Research 17th Annual Global Transportation and Industrials ConferenceBusiness Wire
WERN
Earnings
- 4/30/24 - Miss
WERN
Sec Filings
- 5/15/24 - Form 8-K
- 5/13/24 - Form 4
- 5/13/24 - Form 8-K
- WERN's page on the SEC website