BTIG Positive on Prologis (PLD) Following 'Beat-and-Raise' Quarter
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Prologis Reports Third Quarter 2016 Earnings Results
October 20, 2016 8:00 AM EDTSAN FRANCISCO, Oct. 20, 2016 /PRNewswire/ --Â Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today reported results for the third quarter of 2016.
Net earnings per share was $0.52 compared with $0.49 for the same period in 2015. The year-over-year increase is due primarily to improved operating performance and higher net promote income offset by lower gains from the disposition of real estate. Core funds from operations per diluted share* was $0.73 compared with $0.58 for the same period in 2015. The 26% year-over-year increase reflects improved operating performance and higher net promote income.
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