Prologis rises after quarterly results beat

Shares of warehouse-focused REIT Prologis PLD.N up 2% to $100 in morning trade

PLD beat Wall Street estimates for Q1 revenue and funds from operations (FFO)

Prologis expects FY general and administrative expenses to be between $450 mln and $470 mln, up from $440 mln to $460 mln prior

Co Q1 revenue of $2.14 bln beat analysts' expectations of $2.04 bln, according to data compiled by LSEG

15 of 24 brokerages rate the stock "buy" or higher, 7 "hold" and 2 "sell"; their median PT is $126 - LSEG data

Including session losses, stock down 6% YTD