REIT - Prologis Misses Q4 Topline Estimates Eyes Bright 2024 Amid Uncertainties | Benzinga
Prologis Inc (NYSE:PLD) shares are trading lower after the company reported fourth quarter FY23 results.
Rental revenue of $1.76 billion missed the consensus estimates of $1.81 billion.
Core funds from operations per diluted share was $1.26, higher than $1.24 a year ago. Net earnings per share rose to $0.68 from $0.63 a year ago.
The company’s average occupancy stood at 97.1%, with a leased 36.8MSF operating portfolio and ...