BUZZ-REIT Prologis rises after reporting upbeat core FFO
ReutersJan 21, 2025 2:19 PM
Warehouse-focused real estate investment trust (REIT) Prologis' PLD.N shares rise 1.6% to $111.21, premarket
Reports Q4 core Funds From Operations (FFO) of $1.50 per share, beating analysts' estimates of $1.39, according to data compiled by LSEG
"Post-election leasing activity has been strong, and our ongoing conversations with customers support our expectation that the market is nearing an inflection point," says Hamid R. Moghadam, CEO
Co expects its 2025 core FFO between $5.65 and $5.81, mid-point of which, however, is below analysts' average estimate of $5.77
Shares up ~3.6% YTD after falling 20.7% in 2024
(Reporting by Rupali Chaudhary in Bengaluru)
((Rupali.Chaudhary@thomsonreuters.com))
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