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
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
![[Bild: PLDd075629619i.png]](https://finviz.com/publish/101921/PLDd075629619i.png)
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