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CORRECT: ProLogis 4Q Loss Widens, Though Core FFO Rises

("ProLogis 4Q Loss Widens, Though Core FFO Rises >OLD" at 7:40 a.m., misstated the ticker symbol in the headline. A corrected version follows) DOW JONES NEWSWIRES ProLogis's (PLD) fourth-quarter loss widened, though a key gauge of profit for the real-estate investment trust rose on an adjusted basis to top analysts' forecasts. The company also forecast core funds from operations--that key profitability gauge--for the new year totaling 62 cents to 66 cents a share. Analysts surveyed by Thomson Reuters expect 68 cents of core FFO. "During the fourth quarter, leasing velocity in our portfolio increased more than 25% over the third quarter, and the overall U.S. market experienced its third straight quarter of positive growth absorption--17 million square feet," said Chief Executive Walter Rakowich. ProLogis's losses have widened of late, though it also has improved its core results. In December, ProLogis said it reached an agreement to sell its Catellus name and a portfolio of U.S. assets to private-equity company TPG Capital for about $505 million. ProLogis reported a loss of $1.17 billion, or $2.17 a share, from a year-earlier loss of $408.5 million, or 86 cents a share, a year earlier. The company's funds from operations totaled a per-share loss of $2.38 from a loss of 65 cents. On an adjusted basis, core FFO rose to 18 cents from 16 cents. Revenue jumped 11% to $242.7 million. Analysts polled by Thomson Reuters had most recently forecast a loss of 3 cents on $234 million in revenue and FFO of 16 cents. Shares closed at $14.78 and were inactive premarket. As of Wednesday's close, the stock had risen 13% the past year. -By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com Order free Annual Report for ProLogis Visit http://djnewswires.ar.wilink.com/?link=PLD or call 1-888-301-0513

Stock News for Prologis (PLD)
DateTimeHeadline
03/30/201516:05:00Prologis to Announce First Quarter 2015 Results April 21
03/23/201506:45:00An Undiscovered Canadian Gem That Pays 6% Monthly
03/16/201516:05:00Prologis Announces Exchange of $460 Million of Convertible Senior...
03/02/201520:46:00Prologis Announces Webcast for 2015 Annual Stockholders Meeting
03/02/201520:44:00Prologis to Participate in Citi's 2015 Global Property CEO Conference
02/25/201516:05:00Prologis Board of Directors Approves 9 Percent Increase in Quarterly...
02/11/201506:05:00Prologis Signs Agreement to Acquire 3.2 Million Square Feet of...
02/06/201516:05:00Prologis Announces Sale of 56 Acres in Silicon Valley
02/05/201516:01:00Prologis Announces Addition of Managers and Renewal of At-The-Market...
01/29/201520:08:00Prologis Announces Tax Treatment of 2014 Distributions
01/27/201513:21:23Prologis Earnings Rise on High Development Leasing Rates
01/27/201508:00:00Prologis Announces Fourth Quarter and Full Year 2014 Earnings...
01/22/201515:57:00Prologis Named to Global 100 Most Sustainable Corporations in...
01/21/201509:00:00Prologis Completes 4.2 Megawatt Solar Project with Los Angeles...
01/20/201509:00:00Prologis Appoints David O'Connor as New Independent Director
12/30/201409:00:00Prologis to Announce Fourth Quarter 2014 Results Jan. 27
12/15/201409:00:00Prologis Leases 346,000 Square Feet in Brazil Development
12/05/201418:18:00Prologis Declares Quarterly Dividends
12/03/201409:00:00Prologis Signs 139,000 Square Foot Build-to-Suit Agreement in...
12/02/201418:24:04Singapore's GIC Fund Wagers on U.S. Property

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