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Prologis (PLD) to Buy IPT for $3.99B, Beats Q2 FFO Estimates
Prologis, Inc. PLD has agreed to acquire warehouse owner Industrial Property Trust Inc. (IPT) in an all-cash deal valued at about $3.99 billion, including debt, from Black Creek Group. The deal, including an operating portfolio of 236 properties, expands the company’s position in Southern California, the San Francisco Bay Area, Chicago, Atlanta, Dallas, Seattle and New Jersey.
Further, the company delivered a better-than-expected performance in the second quarter in terms of funds from operations (FFO) per share. It reported core FFO per share of 77 cents, beating the Zacks Consensus Estimate by a penny. Results also compare favorably with the year-ago figure of 71 cents.
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https://finance.yahoo.com/news/prologis-...01354.html
![[Bild: PLDc1dl0503.png]](https://finviz.com/publish/071719/PLDc1dl0503.png)
Prologis, Inc. PLD has agreed to acquire warehouse owner Industrial Property Trust Inc. (IPT) in an all-cash deal valued at about $3.99 billion, including debt, from Black Creek Group. The deal, including an operating portfolio of 236 properties, expands the company’s position in Southern California, the San Francisco Bay Area, Chicago, Atlanta, Dallas, Seattle and New Jersey.
Further, the company delivered a better-than-expected performance in the second quarter in terms of funds from operations (FFO) per share. It reported core FFO per share of 77 cents, beating the Zacks Consensus Estimate by a penny. Results also compare favorably with the year-ago figure of 71 cents.
...
https://finance.yahoo.com/news/prologis-...01354.html
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