Oct 16, 12:57 PM

Prologis Beats Q3 Earnings and Revenue Estimates, Stock Rises 1.5%

Prologis, a logistics real estate investment trust, reported third-quarter earnings that surpassed expectations. The company posted an earnings per share (EPS) of $1.45, significantly higher than the forecasted $0.66. Revenue for the quarter reached $2.04 billion, exceeding the expected $1.91 billion. Additionally, Prologis reported core funds from operations (FFO) of $1.43 per share, which was 5 cents higher than consensus estimates. Following the announcement, Prologis stock rose by 1.5% in pre-market trading. The company also narrowed its full-year guidance. Prologis has a market cap of $114.29 billion.

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Written with ChatGPT (GPT-4o).

Sources

FreightWaves@FreightWaves
2 years ago
Logistics real estate investment trust Prologis beat third-quarter expectations Wednesday, reporting core funds from operations (FFO) of $1.43 per share, 5 cents higher than the consensus estimate. Revenue increased 6% to more than $2 billion even as some key metrics slid in the…
Streetinsider.com@Street_Insider
2 years ago
Prologis reports earnings, core FFO above expectations; shares up https://t.co/D7PZNREERU https://t.co/V5yUbTaHpm
Markets Today@marketsday
2 years ago
$PLD | Prologis tops FFO and revenue estimates and narrows its FY guidance. Stock is +1.5% in the pre-market. https://t.co/DOlAiFUrGK

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Prologis Beats Q3 Earnings and Revenue Estimates, Stock Rises 1.5%

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