PLD Prologis

   By Micah Maidenberg 
 

Prologis Inc. (PLD) said Wednesday it expects core funds from operations of $3.67 to $3.75 a share in 2020.

The real estate investment trust focused on logistics property generated $3.31 a share last year in core FFO, a profit metric that excludes certain recurring and nonrecurring items.

Prologis also forecast earnings of $1.98 to $2.13 a share in 2020, down from $2.46 a share in 2019.

Occupancy for 2020 at year's end is expected to range from 96% to 97%.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

January 22, 2020 08:37 ET (13:37 GMT)

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