Industrial Real Estate Giant Prologis Tops Estimates, Gives Solid Guidance

Key TakeawaysPrologis exceeded analysts' estimates for third-quarter profit and revenue as the real estate market began to recover from its slump.Core funds from operations (FFO) climbed 10%, more than expected, driving the gains.Prologis boosted the low end of its full-year guidance for earnings and core FFO. Shares of Prologis (PLD) advanced Wednesday when the largest industrial real estate firm posted better-than-anticipated results and solid guidance on strong funds from operations (FFO).  The real esta ...