Prologis (PLD) Q2 FFO Beat Estimates, Rental Revenues Up Y/Y

Prologis, Inc. (PLD) reported second-quarter 2024 core funds from operations (FFO) per share of $1.34, outpacing the Zacks Consensus Estimate by a penny. This compares unfavorably with the year-ago quarter’s figure of$1.83.Reflecting the positive sentiments of investors, shares of the company gained more than 5% during the initial hours of today’s trading session. The quarterly results reflect a rise in rental revenues and healthy leasing activity. However, high interest expenses are an undermining factor. ...