
Prologis Inc. reported strong Q4 2024 earnings, with net earnings per diluted share at $1.37, reflecting a 101.5% increase driven by higher gains and promotes. The company's core funds from operations (Core FFO) per diluted share rose 19% to $1.50. Prologis exceeded analysts' expectations with adjusted earnings per share of $1.37, compared to the forecast of $0.64, and revenue of $2.20 billion, surpassing the anticipated $1.96 billion. Key metrics included a 10% year-over-year increase in rental revenue and a 95% occupancy rate, alongside $827 million in development stabilizations. The stock rose 1.6% following the earnings announcement.
Prologis released its Q4 earnings, coming in with increases in core funds from operations and total leases commenced. https://t.co/FAQFkVt1v7
Prologis, $PLD, 4Q24 Results: 📊 Adj EPS: $1.50 🟢 💰 Revenue: $2.20B 🟢 🏗️ Development Stabilizations: $827M 🔍 Record leasing activity post-election with 95.6% occupancy
$PLD | Prologis beat FFO and revenue estimates in Q4. The stock is +1.6% this morning. 🔹 FFO: $1.42 vs. $1.38 est. ✅ 🔹 Revenue: $2.20B vs. $1.94B est.✅ Key takeaways: 🔸 Rental revenue: +10% YoY 🔸 Strategic capital revenue: +95% YoY 🔸 Average occupancy: 95.6% 🔸 FY FFO…