Prologis (PLD) Tops Q1 EPS by 8c, Revenues Beat; Raises FY21 Guidance

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Go back to Prologis (PLD) Tops Q1 EPS by 8c, Revenues Beat; Raises FY21 Guidance

Prologis Reports First Quarter 2021 Earnings Results

April 19, 2021 8:05 AM EDT

SAN FRANCISCO, April 19, 2021 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, reported results for the first quarter of 2021.

Net earnings per diluted share was $0.49 for the quarter compared with $0.70 for the first quarter of 2020; the decrease was driven by debt extinguishment costs of $187 million. Core funds from operations* per diluted share was $0.97 for the quarter compared with $0.83 for the same period in 2020.

"The robust demand from the fourth quarter has carried into 2021 and is as strong as I have seen in my career,"... More