SRS Distribution and Prologis Inc., a global leader in logistics real estate, have entered into a preferred partnership. SRS will be the exclusive distributor for all commercial roofing products for Prologis’ U.S. facilities.

According to a news release, SRS will leverage its network of over 430 branches, including its Commercial Roofing Hub network, to provide commercial roofing products and logistics support to Prologis' North American operations. 

The distributor said the partnership combines its expertise in building product distribution with Prologis' leadership in logistics infrastructure.

“This partnership allows us the opportunity to align with a company that, like SRS, is focused on providing customers with the latest innovations and sustainability solutions built on a foundation of operational excellence," said Kent Gardner, president at SRS Distribution.

SRS Distribution said the partnership strengthens its supply chain and enhances the ability to provide "innovative, reliable, and high-performance solutions for projects of any size." 

Prologis' share price rose 23.3% year-to-date as of Nov. 29, and the company delivered a 14.1% total shareholder return over the past 12 months. Analysts say the market is responding to its strategic moves and global expansion.

"Our record leasing this quarter underscores the strength and resilience of our platform," said Hamid R. Moghadam, co-founder and CEO of Prologis, in a written statement. "With a solid pipeline, improving customer sentiment and limited new supply, the logistics market is setting up for the next inflection in rent and occupancy growth — one of the most compelling setups I've seen in 40 years."