- Sterling Infrastructure, Inc’s (NASDAQ:STRL) E-Infrastructure Solutions segment reported new awards totaling $215 million during 2Q22.
- Sterling’s E-Infrastructure projects include large-scale site development services for warehouses, data centers, e-commerce distribution centers, multi-use facilities, and industrial.
- “Our E-Infrastructure segment continued to see strong market demand and bookings in the quarter,” stated Joe Cutillo, Sterling’s CEO.
- The company indicated optimism for the remainder of 2022, citing strong warehouse demand coupled with the continued need for new data centers.
- Price Action: STRL shares are trading higher by 3.04% at $24.72 on the last check Wednesday.
REIT M&A Volume Reaches $108B Year-To-Date
Merger and acquisition activity within the real estate investment trust sector this year reached hit $108 billion in transaction volume as of Sept. 30, according to new data published by JLL (NYSE: JLL).
