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Prologis (PLD) Surpasses Q1 FFO Estimates, Raises 2021 View
Prologis, Inc. PLD has reported first-quarter 2021 core funds from operations (FFO) per share of 97 cents, beating the Zacks Consensus Estimate of 94 cents. Results also compare favorably with the year-ago quarter’s figure of 83 cents.
The better-than-expected performance was driven by decent growth in rental income. Further, the industrial REIT has raised its 2021 outlook on the strength of its results and the market.
Prologis generated rental revenues of $1,021.7 million, up from $878.8 million in the prior-year quarter. The Zacks Consensus Estimate for the same was pegged at $994.9 million. Total revenues were $1.15 billion, up from $978.2 million in the year-ago quarter.
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https://finance.yahoo.com/news/prologis-...02176.html
![[Bild: PLDd060212571i.png]](https://finviz.com/publish/042021/PLDd060212571i.png)
Prologis, Inc. PLD has reported first-quarter 2021 core funds from operations (FFO) per share of 97 cents, beating the Zacks Consensus Estimate of 94 cents. Results also compare favorably with the year-ago quarter’s figure of 83 cents.
The better-than-expected performance was driven by decent growth in rental income. Further, the industrial REIT has raised its 2021 outlook on the strength of its results and the market.
Prologis generated rental revenues of $1,021.7 million, up from $878.8 million in the prior-year quarter. The Zacks Consensus Estimate for the same was pegged at $994.9 million. Total revenues were $1.15 billion, up from $978.2 million in the year-ago quarter.
...
https://finance.yahoo.com/news/prologis-...02176.html
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