Prologis (PLD) Reports Q3 Core FFO of $0.67; Narrows Outlook

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Go back to Prologis (PLD) Reports Q3 Core FFO of $0.67; Narrows Outlook

Prologis Reports Third Quarter 2017 Earnings Results

October 17, 2017 8:00 AM EDT

SAN FRANCISCO, Oct. 17, 2017 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today reported results for the third quarter of 2017.

Net earnings per diluted share was $1.63 compared with $0.52 for the same period in 2016. This year-over-year increase was driven primarily by higher gains on dispositions of real estate, as well as by improved operating conditions.

Core funds from operations* per diluted share was $0.67 compared with $0.73 ($0.59 before promote income) for the same period in 2016. No promote was recognized this quarter. Improved operating conditions primarily drove the $0.08 year-over-year... More