Prologis Raises Profit Guidance
October 20 2020 - 8:58AM
Dow Jones News
By Allison Prang
Prologis Inc. raised its outlook for profit and core funds from
operations for 2020.
The company said it now expects profit to be between $2.20 and
$2.24 a share. That's a bump from its old outlook of between $2.06
and $2.18 a share.
Prologis expects core funds from operations to be between $3.76
and $3.78 a share, instead of between $3.70 and $3.75 a share.
It narrowed its outlook for year-end occupancy to between 95.25%
and 95.75%. It had been expecting between 95% and 96%.
Prologis also increased its guidance for general and
administrative expenses. It now expects those to be between $280
million and $285 million. It was expecting between $265 million and
$275 million.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 20, 2020 08:43 ET (12:43 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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