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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