Prologis

Financial | REIT - Industrial | USA

Prologis' (PLD) Q1 FFO & Revenues Top Estimates, View Up

Prologis, Inc. (PLD - Free Report) reported first-quarter 2019 core funds from operations (FFO) per share of 73 cents, beating the Zacks Consensus Estimate by a penny. However, results compare unfavorably with the year-ago figure of 80 cents. Notably, the company had net promote income of 9 cents in the year-ago period, while no promotes were earned in the just-reported quarter.

The company witnessed top-line growth in the first quarter, while period-end occupancy remained high. Moreover, this industrial real estate investment trust (REIT) raised its guidance for 2019 core FFO per share by more than 2% at the mid-point.

The company generated rental revenues of $696.8 million, which surpassed the Zacks Consensus Estimate of $658.5 million. The revenue figure also compares favorably with the year-ago tally of $555.9 million.

Quarter in Detail -> 

https://www.zacks.com/stock/news/382106/...es-view-up

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

Prologis' (PLD) Q4 FFO Meets Estimates, Revenues Up Y/Y

Prologis, Inc. PLD reported fourth-quarter 2019 core funds from operations (FFO) per share of 84 cents, in line with the Zacks Consensus Estimate. Results compare favorably with the year-ago figure of 80 cents. Notably, the company had net promote income of 2 cents in the reported quarter, while 5 cents of promotes were earned in the year-ago period.

The company witnessed net effective rent growth in the fourth quarter, but period-end occupancy moderated slightly as it prioritized rent over occupancy. The industrial real estate investment trust (REIT) has also provided its guidance for 2020 core FFO per share.

Prologis generated rental revenues of $723.8 million, which registered 6.6% growth from the prior-year quarter. However, the figure missed the Zacks Consensus Estimate of $726.7 million.

For full-year 2019, core FFO per share came in at $3.31, ahead of the Zacks Consensus Estimate of $3.30 per share and the prior-year tally of $3.03. This was backed by 18.5% year-over-year growth in rental revenues to $2.8 billion.


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https://finance.yahoo.com/news/prologis-...03293.html

buy!

Prologis (PLD) Surpasses Q1 FFO Estimates, Raises 2021 View



Prologis, Inc. PLD has reported first-quarter 2021 core funds from operations (FFO) per share of 97 cents, beating the Zacks Consensus Estimate of 94 cents. Results also compare favorably with the year-ago quarter’s figure of 83 cents.

The better-than-expected performance was driven by decent growth in rental income. Further, the industrial REIT has raised its 2021 outlook on the strength of its results and the market.

Prologis generated rental revenues of $1,021.7 million, up from $878.8 million in the prior-year quarter. The Zacks Consensus Estimate for the same was pegged at $994.9 million. Total revenues were $1.15 billion, up from $978.2 million in the year-ago quarter.


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https://finance.yahoo.com/news/prologis-...02176.html

Prologis (PLD) Beats Q3 FFO Estimates, Raises 2021 Guidance


Prologis, Inc. PLD has reported third-quarter 2021 core funds from operations (FFO) per share of $1.04, beating the Zacks Consensus Estimate of $1.03. It also compares favorably with the year-ago quarter’s figure of 90 cents.

Results reflect solid increases in market rents and valuations amid unprecedented low vacancies in its markets. Further, the industrial REIT hiked its 2021 outlook.

Prologis generated rental revenues of $1,037.3 million, up from the prior-year quarter’s $980.1 million. The Zacks Consensus Estimate for the same was pegged at $1,034.5 million. Total revenues were $1.18 billion, up from the year-ago quarter’s $1.08 billion.


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https://finance.yahoo.com/news/prologis-...01451.html