Prologis Reports Second Quarter 2016 Earnings Results

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Go back to Prologis Reports Second Quarter 2016 Earnings Results

Credit Suisse Downgrades ProLogis (PLD) to Neutral

July 20, 2016 12:57 PM EDT

Credit 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 EDT

Prologis (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