BUZZ-REIT Prologis rises after reporting upbeat core FFO
Updates
Shares of warehouse-focused real estate investment trust Prologis PLD.N shares rise 4.7% to $114.61
Company 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" - CEO Hamid Moghadam
Company expects its 2025 core FFO to be between $5.65 and $5.81 per share, the midpoint of which, however, is below analysts' average estimate of $5.77
Including the session's move, shares up ~8.3% YTD after falling 20.7% in 2024
(Reporting by Rupali Chaudhary in Bengaluru)
((Rupali.Chaudhary@thomsonreuters.com))
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