Prologis (PLD) Tops Q1 FFO by 1c, Updates FY Guidance

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Prologis Reports First Quarter 2019 Earnings Results

April 16, 2019 8:00 AM EDT

SAN FRANCISCO, April 16, 2019 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, reported results for the first quarter of 2019.

Net earnings per diluted share was $0.55 for the quarter compared with $0.68 for the first quarter of 2018. Core funds from operations* per diluted share was $0.73 for the quarter compared with $0.80 for the same period in 2018. There were no promotes earned in the quarter, whereas net promote income was $0.09 per diluted share in the same period in 2018.

"Our proprietary operating data points to continued market strength," said... More