REIT - Prologis Outpaces Revenue Expectations In Q3; Revises Full-Year Guidance | Benzinga
Prologis Inc (NYSE: PLD) reported Q3 FY23 rental revenues of $1.78 billion, beating the consensus estimates of $1.73 billion.
Core funds from operations per diluted share was $1.30 for Q3, lower than $1.73 a year ago.
Net earnings per share fell to $0.80 from $1.36 a year ago.
As of Q3 FY23, the company's average occupancy stood at 97.1%, with leased 42.3MSF operating portfolio and 4.1MSF development portfolio.
"Our results reflect ...