Industrial landlord Prologis Inc.'s shares climbed nearly 3% in midday trading Oct. 15 after the company increased its 2019 earnings guidance and executives described still-robust market conditions.

Speaking on the company's third-quarter earnings call, CFO Tom Olinger said the ongoing trade war between the U.S. and China so far has not had a material impact on overall leasing volume. Demand remains healthy, and deal gestation and conversion rates remain "positive," he said. Vacancy is still at historic lows, in the mid-4% range.

"Customer sentiment remains positive, and we see no meaningful impact on our business from uncertainties surrounding trade," he said.

The company said with its third-quarter earnings that it expects U.S. rents to increase 7% in 2019, instead of the previously expected 6%. Rent growth this year in Europe, meanwhile, is expected to be the highest in more than a decade, and in Japan, fundamentals are improving, Olinger said on the call.

Turmoil in global trade and forecasts for a global economic slowdown in 2020 have not dampened the company's appetite for portfolio deals. During the Q&A segment, management hinted that they, too, had looked at the 100-building portfolio that Blackstone Group Inc. just sold to Nuveen Real Estate, the real estate investment arm of Teachers Insurance & Annuity Association of America.

"You can assume that we look at everything," Chairman and CEO Hamid Moghadam said.

The company plans to provide 2020 guidance at its investor meeting Nov. 5.