Logistics real estate provider Prologis Inc. (NYSE: PLD) pointed to a continuation in positive momentum from the fourth quarter as the catalyst for better-than-expected first-quarter results.
The San Francisco-based company reported core funds from operations of 97 cents per share Monday, 3 cents ahead of consensus and 14 cents higher than the year-ago quarter.
“Demand driven by the powerful economic recovery, retail revolution and higher inventory levels has unfolded more strongly than we...
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