Logistics real estate investment trust Prologis beat third-quarter expectations Wednesday, reporting core funds from operations (FFO) of $1.43 per share, 5 cents higher than the consensus estimate. Revenue increased 6% to more than $2 billion even as some key metrics slid in the period.
Prologis (NYSE: PLD) saw occupancy across its portfolio slip 120 basis points year over year (down 20 bps from the second quarter) to 95.9%. Net effective rent change over the entire lease term fell more than 16%...
https://www.freightwaves.com/news/prologis-q3-first-look-better-than-expected