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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
01/30/201409:52:36Prologis Swings to Profit on Asset Dispositions
11/15/201309:01:37HBK Investments LP 3Q 13F: Largest Eliminations
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Eliminations -2-
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Sales
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Purchases
11/15/201308:53:17D. E. Shaw & Co. LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201308:53:17D. E. Shaw & Co. LP 3Q 13F: Holdings As Of Sep 30
11/15/201308:12:57Fidelity Management & Research Co. 3Q 13F: Holdings As Of Sep...
11/15/201308:12:57Fidelity Management & Research Co. 3Q 13F: -2-
11/15/201307:04:38Bridgewater Associates LP 3Q 13F: Largest Sales
11/14/201307:19:20The Vanguard Group 3Q 13F: Holdings As Of Sep 30 -2-
11/14/201307:19:20The Vanguard Group 3Q 13F: Holdings As Of Sep 30
10/23/201309:22:41Prologis 3rd-Quarter Loss Narrows as Rental Revenue Growth Continues
07/24/201308:51:10Prologis's 2nd-Quarter Net Up 19% on Lower Integration Expenses
07/18/201309:22:43U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
06/04/201302:58:23Londonmetric Property Sells 11 Distribution Assets For GBP247.56...
05/23/201313:52:16Fed Comments Take the Wind Out of REITS
05/22/201321:40:37Blackstone, Prologis Acquire Industrial Portfolio
05/22/201319:22:34Blackstone, Prologis Acquire Industrial Portfolio for $960 Million...
04/25/201316:32:49U.S. Stocks Advance; S&P Eyes Fifth Gain in a Row

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