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Prologis Q3 Core Funds From Operations, Revenue Gain; Revises 2024 Core FFO Outlook
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Prologis Q3 Core Funds From Operations, Revenue Gain; Revises 2024 Core FFO Outlook
Oct 17, 2024 1:28 PM

08:37 AM EDT, 10/16/2024 (MT Newswires) -- Prologis ( PLD ) reported Q3 core funds from operations Wednesday of $1.43 per diluted share, up from $1.30 a year earlier.

Analysts polled by Capital IQ expected $1.38.

Total revenue for the quarter ended Sept. 30 was $2.04 billion, up from $1.91 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.91 billion.

The company said it now expects full-year 2024 core funds from operations of $5.42 to $5.46 per diluted share, from $5.39 to $5.47 previously. Analysts surveyed by Capital IQ expect $5.42.

Prologis ( PLD ) shares were up nearly 1.5% in recent Wednesday premarket activity.

Price: 123.18, Change: +1.79, Percent Change: +1.47

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