ProLogis Dubbed Zacks 'Bull of the Day'

ProLogis, a Denver-based industrial real estate investment trust, has been named the "Bull of the Day" for Sept. 24 by Zacks Equity Research, Chicago.Zacks said ProLogis had a good second quarter, exceeding Zacks' funds-from-operations estimate by $0.26 per share (at $1.16 per share) and recording same-store net operating income that was 6.2% higher than in the second quarter of 2006. "The entire industrial sector is being propelled by positive absorption and limited new supply deliveries in most North American and international markets," Zacks said. The research firm said ProLogis is still realizing "strong gains" from merchant building, because asset valuations are "still near historical highs." The companies can be found online at http://www.zacks.com and http://www.prologis.com.