PLD - Why Prologis Shares Are Trading Lower Today | Benzinga
Prologis, Inc. (NYSE:PLD) shares are trading lower after the company reported first-quarter FY24 results.
Rental revenue of $1.83 billion missed the consensus estimates of $1.87 billion. The company’s average occupancy stood at 96.8%, with a leased 45.0MSF operating portfolio and a 3.1MSF development portfolio.
Core funds from operations per diluted share was $1.28, higher than $1.22 a year ago and in line with the consensus. Net earnings per share rose to $0.63 from $0.50 a year ago.
During the quarter, Prologis and its co-investment ventures issued an aggregate of $4.1 billion of debt at a weighted average interest rate ...