Prologis (PLD) Tops Q1 EPS by 40c; Lowers FY20 EPS Outlook

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Prologis Reports First Quarter 2020 Earnings Results

April 21, 2020 8:00 AM EDT

SAN FRANCISCO, April 21, 2020 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, reported results for the first quarter of 2020.

Net earnings per diluted share was $0.70 for the quarter compared with $0.55 for the first quarter of 2019. Core funds from operations* per diluted share was $0.83 for the quarter compared with $0.73 for the same period in 2019. There was no promote income earned in either period.

"Our strong first quarter operating performance is a result of our long-term focus on the world's top consumption markets," said Hamid R. Moghadam,... More