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Wednesday, 18 October 2023

Earnings Summary: Highlights of Prologis’ Q3 2023 results

by Rose White

Real estate investment trust Prologis, Inc. (NYSE: PLD) on Tuesday announced financial results for the third quarter of 2023, reporting higher revenues.

Earnings Summary: Highlights of Prologis’ Q3 2023 results

  • Net earnings per share declined to $0.80 in Q3 from $1.36 in the corresponding period of last year
  • Core funds from operations per share was $1.30, compared with $1.73 for the same period in 2022
  • Total revenues, meanwhile, increased to $1.92 billion in the three-month period from $1.75 billion a year earlier
  • Net earnings attributable to common stockholders was $746 million, down from $1.01 billion reported in Q3 2022
  • For fiscal 2023, the management expects earnings per share to be in the range of $3.30 to $3.35
  • Full-year core funds from operations are expected to be in the range of $5.58 per share to $5.60 per share

The post Earnings Summary: Highlights of Prologis’ Q3 2023 results first appeared on AlphaStreet.

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