Prologis (PLD) Beats Q2 FFO Estimates

Prologis (PLD) came out with quarterly funds from operations (FFO) of $1.34 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to FFO of $1.83 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 0.75%. A quarter ago, it was expected that this industrial real estate developer would post FFO of $1.28 per share when it actually produced FFO of $1.28, delivering no surprise.Over the last four quarters, the co ...