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Prologis' (PLD) Q4 FFO Meets Estimates, Revenues Up Y/Y
Prologis, Inc. PLD reported fourth-quarter 2019 core funds from operations (FFO) per share of 84 cents, in line with the Zacks Consensus Estimate. Results compare favorably with the year-ago figure of 80 cents. Notably, the company had net promote income of 2 cents in the reported quarter, while 5 cents of promotes were earned in the year-ago period.
The company witnessed net effective rent growth in the fourth quarter, but period-end occupancy moderated slightly as it prioritized rent over occupancy. The industrial real estate investment trust (REIT) has also provided its guidance for 2020 core FFO per share.
Prologis generated rental revenues of $723.8 million, which registered 6.6% growth from the prior-year quarter. However, the figure missed the Zacks Consensus Estimate of $726.7 million.
For full-year 2019, core FFO per share came in at $3.31, ahead of the Zacks Consensus Estimate of $3.30 per share and the prior-year tally of $3.03. This was backed by 18.5% year-over-year growth in rental revenues to $2.8 billion.
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https://finance.yahoo.com/news/prologis-...03293.html
![[Bild: PLDc1dl1556.png]](https://finviz.com/publish/012320/PLDc1dl1556.png)
Prologis, Inc. PLD reported fourth-quarter 2019 core funds from operations (FFO) per share of 84 cents, in line with the Zacks Consensus Estimate. Results compare favorably with the year-ago figure of 80 cents. Notably, the company had net promote income of 2 cents in the reported quarter, while 5 cents of promotes were earned in the year-ago period.
The company witnessed net effective rent growth in the fourth quarter, but period-end occupancy moderated slightly as it prioritized rent over occupancy. The industrial real estate investment trust (REIT) has also provided its guidance for 2020 core FFO per share.
Prologis generated rental revenues of $723.8 million, which registered 6.6% growth from the prior-year quarter. However, the figure missed the Zacks Consensus Estimate of $726.7 million.
For full-year 2019, core FFO per share came in at $3.31, ahead of the Zacks Consensus Estimate of $3.30 per share and the prior-year tally of $3.03. This was backed by 18.5% year-over-year growth in rental revenues to $2.8 billion.
...
https://finance.yahoo.com/news/prologis-...03293.html
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