Prologis (PLD) Tops Q4 FFO by 1c

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Prologis Reports Fourth Quarter and Full Year 2017 Earnings Results

January 23, 2018 8:00 AM EST

SAN FRANCISCO, Jan. 23, 2018 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today reported results for the fourth quarter and full year 2017.

Net earnings per diluted share was $0.55 for the quarter and $3.06 for the year compared with $0.82 and $2.27 for the same periods in 2016. The year-over-year increase is principally due to higher gains on real estate transactions, stronger operating results and higher net promote income.

Core funds from operations* per diluted share was $0.67 for the quarter and $2.81 for the year compared with $0.63 and $2.57 for the same... More