Prologis Raises Full-Year Earnings Outlook
July 18 2023 - 8:56AM
Dow Jones News
By Will Feuer
Prologis boosted its full-year earnings guidance, saying it
expects net operating income from its properties to rise more than
it had initially forecast.
The San Francisco-based industrial-property landlord is
targeting full-year earnings attributable to common shareholders of
$3.30 a share to $3.40 a share, up from its prior guidance of $3.10
a share to $3.25 a share.
Core funds from operations are expected to be $5.56 a share to
$5.60 a share, up from prior guidance of $5.42 a share to $5.50 a
share.
Prologis said it now expects cash same-store net operating
income to rise by 9.5% to 10.0%, up from prior guidance for growth
of 9.0% to 9.75%.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
July 18, 2023 08:41 ET (12:41 GMT)
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