Prologis (PLD) Tops Q3 EPS by 8c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus

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Prologis Reports Third Quarter 2020 Earnings Results

October 20, 2020 8:00 AM EDT

SAN FRANCISCO, Oct. 20, 2020 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, reported results for the third quarter of 2020.

Net earnings per diluted share was $0.40 for the quarter compared with $0.71 for the third quarter of 2019. Core funds from operations* was $0.90 per diluted share, compared with $0.97 for the same period in 2019. Excluding net promote income, Core FFO was $0.92 in 2020 compared with $0.79 in 2019.

"Activity in our portfolio is robust and broadening a reflection of increased demand in the quarter across multiple sectors, the adoption of... More