New highs were reached by logistics warehouse operator Prologis Inc. during the 2022 third quarter. However, the company’s management team struck a more cautious chord looking forward.
Prologis (NYSE: PLD) reported core funds from operations (FFO) of $1.73 per share in the period, 6 cents better than consensus and 69 cents higher year over year (y/y). Rental revenue was up 11% y/y to $1.15 billion and many of the core metrics used to evaluate the company’s portfolio of properties increased in...
https://www.freightwaves.com/news/prologis-q3-beat-tempered-by-cautious-outlook