Prologis Sees Rising Core FFO This Year

Date : 01/22/2020 @ 1:52PM
Source : Dow Jones News
Stock : Prologis (PLD)
Quote : 84.28  -2.43 (-2.80%) @ 10:02PM
After Hours
Last Trade
Last $ 84.28 ◊ 0.00 (0.00%)

Prologis Sees Rising Core FFO This Year

Prologis (NYSE:PLD)
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2 Months : From Dec 2019 to Feb 2020

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   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)

Copyright (c) 2020 Dow Jones & Company, Inc.

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