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Financial | REIT - Industrial | USA
Prologis' (PLD) Q1 FFO & Revenues Top Estimates, View Up
Prologis, Inc. (PLD - Free Report) reported first-quarter 2019 core funds from operations (FFO) per share of 73 cents, beating the Zacks Consensus Estimate by a penny. However, results compare unfavorably with the year-ago figure of 80 cents. Notably, the company had net promote income of 9 cents in the year-ago period, while no promotes were earned in the just-reported quarter.
The company witnessed top-line growth in the first quarter, while period-end occupancy remained high. Moreover, this industrial real estate investment trust (REIT) raised its guidance for 2019 core FFO per share by more than 2% at the mid-point.
The company generated rental revenues of $696.8 million, which surpassed the Zacks Consensus Estimate of $658.5 million. The revenue figure also compares favorably with the year-ago tally of $555.9 million.
Quarter in Detail ->
https://www.zacks.com/stock/news/382106/...es-view-up
![[Bild: PLDc1dl1601.png]](https://finviz.com/publish/041619/PLDc1dl1601.png)
Prologis' (PLD) Q1 FFO & Revenues Top Estimates, View Up
Prologis, Inc. (PLD - Free Report) reported first-quarter 2019 core funds from operations (FFO) per share of 73 cents, beating the Zacks Consensus Estimate by a penny. However, results compare unfavorably with the year-ago figure of 80 cents. Notably, the company had net promote income of 9 cents in the year-ago period, while no promotes were earned in the just-reported quarter.
The company witnessed top-line growth in the first quarter, while period-end occupancy remained high. Moreover, this industrial real estate investment trust (REIT) raised its guidance for 2019 core FFO per share by more than 2% at the mid-point.
The company generated rental revenues of $696.8 million, which surpassed the Zacks Consensus Estimate of $658.5 million. The revenue figure also compares favorably with the year-ago tally of $555.9 million.
Quarter in Detail ->
https://www.zacks.com/stock/news/382106/...es-view-up
