Prologis (PLD) Reports Q2 FFO of $0.60; Updates FY16 FFO Outlook

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Go back to Prologis (PLD) Reports Q2 FFO of $0.60; Updates FY16 FFO Outlook

Prologis Reports Second Quarter 2016 Earnings Results

July 19, 2016 8:03 AM EDT

SAN FRANCISCO, July 19, 2016 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today reported results for the second quarter of 2016. Net earnings per share was $0.52 compared with $0.27 for the same period in 2015. Core funds from operations per diluted share was $0.60 compared with $0.52 for the same period in 2015.

HIGHLIGHTS (Prologis Share)

Net effective same store NOI increased 6.1 percent Net effective rent change on rollover was +17.8 percent Stabilized $621 million in development projects, with an estimated margin of 25.7 percent... More