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Prologis' (PLD) Q4 FFO Meets Estimates, '24 Outlook Issued
PLDPrologis(PLD) Zacks Investment Research·2024-01-17 18:36

Prologis, Inc. (PLD) reported fourth-quarter 2023 core funds from operations (FFO) per share of $1.26, in line with the Zacks Consensus Estimate. The figure increased 1.6% from the year-ago quarter.The quarterly results reflect a rise in rental revenues and healthy leasing activity. Moreover, the occupancy level remained unchanged from the prior quarter. However, higher interest expenses are an undermining factor. In addition, this industrial REIT issued its 2024 outlook.Shares of the company have trended d ...