Prologis (PLD) Meets Q1 FFO Estimates, Trims 2024 Guidance

Prologis, Inc. (PLD) reported first-quarter 2024 core funds from operations (FFO) per share of $1.28, in line with the Zacks Consensus Estimate. This compares favorably with the year-ago quarter’s figure of $1.22.However, the industrial REIT trimmed its guidance for the full-year 2024 as it prepares for a slower leasing environment in the next quarter or two. Reflecting the negative sentiments of investors, PLD shares are trending down during the initial hours of today’s trading session.Per Hamid R. Moghada ...