Prologis (PLD) Tops Q1 EPS by 33c, Beats on Revenues; Boosts FY18 EPS Guidance Above Consensus

Prologis (NYSE: PLD) reported Q1 EPS of $0.68, $0.33 better than the analyst estimate of $0.35. Revenue for the quarter came in at $693.7 million versus the consensus estimate of $565.1 million.

• Net earnings per diluted share was $0.68 compared with $0.38 for the same period in 2017.
• Core funds from operations per diluted share was $0.80 compared with $0.63 for the same period in 2017.
• The company's first quarter 2018 results included net promote income of $0.09 per diluted share.

"Earlier this year, we established sector-leading 2018 guidance, and our quarterly results reflect the first step in delivering on that plan," said Hamid R. Moghadam, chairman and CEO, Prologis. "Market conditions remain extremely healthy and our strategy is set. Going forward, it's all about execution."

GUIDANCE:

Prologis sees FY2018 EPS of $2.50-$2.60, versus the consensus of $1.43.

For earnings history and earnings-related data on Prologis (PLD) click here.

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