Albertsons Companies Inc. reported fourth-quarter and full-year earnings with net sales and other revenue reaching $18.8 billion, a 2.51% year-over-year increase. The company posted a net income of $172 million, or $0.29 per share, and an adjusted net income of $270 million, or $0.46 per share, beating earnings per share expectations by $0.06 despite a 14.81% decline year-over-year. Adjusted EBITDA was $855 million, supported by a 2.3% increase in identical sales and a 24% rise in digital sales. The pharmacy segment contributed notably to sales growth, and combined visits to Albertsons banners in 2024 remained 10.5% higher than pre-pandemic 2019 levels. However, Albertsons issued cautious guidance for fiscal year 2025, forecasting annual profit below estimates due to rising costs, inflationary pressures on consumer spending, and potential impacts from the brewing trade war. The company is investing selectively in discounts and its loyalty program to drive sales amid these challenges. Following the earnings release, Albertsons' shares declined between 3% and 6.6%. Leadership changes are underway with Susan Morris set to become the new CEO on May 1. Meanwhile, Prologis, a San Francisco-based real estate investment trust specializing in logistics warehouses, reported first-quarter revenue of $2 billion, up 9.35% year-over-year, and core funds from operations (FFO) of $1.42 per share, beating expectations. Prologis CEO Hamid Moghadam highlighted that the ongoing trade war and tariff policies are boosting demand for U.S. warehouse space as companies stockpile goods ahead of tariffs, despite some delays in leasing and a $1 billion cut in development plans. This dynamic has benefited the multifamily industry as well, with overbuilding of apartments becoming advantageous due to tariff-related market shifts.