Prologis Reports Second Quarter 2016 Earnings Results
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Credit Suisse Downgrades ProLogis (PLD) to Neutral
July 20, 2016 12:57 PM EDTCredit Suisse downgraded ProLogis (NYSE: PLD) from Outperform to Neutral with a price target of $48.00 on relative valuation.
Analyst Ian Weissman commented, "PLD trades in-line to NAV versus the CS industrial peer group and at a 6% discount to DCT, which we believe... More
Prologis (PLD) Reports Q2 FFO of $0.60; Updates FY16 FFO Outlook
July 19, 2016 8:05 AM EDTPrologis (NYSE: PLD) reported Q2 FFO of $0.60, versus $0.52 reported last year. Revenue for the quarter came in at $602 million, versus $510 million reported last year.
Net effective same store NOI increased 6.1 percent
GUIDANCE:
Prologis sees FY2016 FFO of $2.52-$2.58, versus prior... More
