Prologis (PLD) Reports Q4 CFFO of $0.64/Share
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EPS Growth %: -48.4%
Financial Fact:
Total expenses: 206.44M
Today's EPS Names:
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Prologis (NYSE: PLD) reported Q4 CFFO of $0.64, versus $0.48 reported last year. Revenue for the quarter came in at $6.43 billion, versus $450.9 million reported last year.
Net earnings per diluted share was $0.23 for the fourth quarter compared with $0.81 for the same period in 2014. For the full year 2015, net earnings per diluted share was $1.64 compared with $1.24 for the full year 2014.
GUIDANCE ESTABLISHED FOR 2016 – CORE FFO EXPECTED TO GROW 14% YEAR-OVER-YEAR | |
Per diluted share | |
Core FFO | $2.50 to $2.60 |
GAAP Net Earnings | $0.28 to $0.36 |
Operations | |
Year-end occupancy | 96.0% to 97.0% |
GAAP Same store NOI – Prologis share | 3.5% to 4.5% |
Other Assumptions (in millions) | |
Strategic capital revenue | $180 to $190 |
Net promote income | $90 to $100 |
General & administrative expense | $235 to $245 |
Realized development gains | $150 to $200 |
Annualized fourth quarter 2015 dividend | $1.60 |
Capital Deployment (in millions) | |
Development stabilizations (80% Prologis share) | $2,000 to $2,200 |
Development starts (80% Prologis share) | $1,800 to $2,300 |
Building acquisitions (40% Prologis share) | $400 to $700 |
Building and land dispositions (75% Prologis share) | $1,700 to $2,200 |
Building contributions (75% Prologis share, net of retained ownership) | $900 to $1,200 |
For earnings history and earnings-related data on Prologis (PLD) click here.
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