Prologis Trims FY22 Outlook - Update

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Stocktwits
Prologis Trims FY22 Outlook - Update

(RTTNews) - While reporting its financial results for the third quarter on Wednesday, logistics real estate firm Prologis Inc. (PLD) lowered its net earnings and core funds from operations outlook for the full-year 2022.

For fiscal 2022, the company now forecasts net earnings in a range of $4.25 to $4.30 per share, core funds from operation or core FFO in a range of $5.12 to $5.14 per share and core FFO, excluding net promote expense, in a range of $4.60 to $4.62 per share.

Previously, the company expected net earnings in a range of $5.15 to $5.25 per share, core funds from operation or core FFO in a range of $5.14 to $5.18 per share and core FFO, excluding net promote expense, in a range of $4.54 to $4.58 per share.

On average, five analysts polled by Thomson Reuters expect the company to report earnings of $3.75 per share for the year. Analysts' estimates typically exclude special items.

Tags: PLD
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Prologis Q1 Results Top Estimates

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Logistics real estate firm Prologis, Inc. (PLD) reported Wednesday that net earnings attributable to common stockholders for the first quarter increased to $584.26 million or $0.63 per share from $463.17 million or $0.50 per share in the prior-year quarter.
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Prologis Trims FY24 Outlook - Update

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Prologis Boosts FY23 Core FFO Outlook - Update

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U.S. Private Sector Job Growth Falls Well Short Of Expectations In April

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Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of April. ADP said private sector employment climbed by 62,000 jobs in April after surging by a downwardly revised 147,000 jobs in March.
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