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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
02/01/201609:00:00Prologis Announces an $882 Million Increase in Equity Commitment...
01/28/201621:18:00Prologis Announces Tax Treatment of 2015 Distributions
01/26/201610:30:00Prologis Posts Revenue Gains on Low Vacancy
01/26/201608:00:00Prologis Reports Fourth Quarter and Full Year 2015 Earnings Results
01/07/201618:57:00Prologis to Announce Fourth Quarter 2015 Results January 26
12/04/201516:04:00Prologis Declares Quarterly Dividend
11/25/201509:00:00Prologis Announces Expiration and Final Results of Tender Offer
11/19/201509:00:00Prologis Research Identifies Five New Trends Shaping Commercial...
11/17/201509:00:00Prologis Awarded Eight Recent Build-to-Suit Development Projects...
11/10/201516:05:00Prologis Announces Pricing of Tender Offer and Increases Maximum...
11/10/201501:06:00Prologis Announces Early Results of Tender Offer
11/04/201520:40:00China Life Insurance Invests More Than $1 Billion in U.S. Warehouses
10/27/201519:54:00Prologis, L.P. Prices $750 million of Guaranteed Notes due 2025
10/27/201509:07:00Prologis Announces Debt Tender Offer to Purchase Up to $200 Million...
10/20/201517:40:03Prologis' (PLD) CEO Hamid Moghadam on Q3 2015 Results - Earnings...
10/20/201516:34:23Industrial REIT Terreno Realty - A Hidden Gem That Is Now Flying...
10/20/201509:40:00Prologis Lifts Profit Outlook as Results Soar
10/20/201509:18:00Prologis Lifts Profit Outlook as Results Soar
10/20/201508:00:00Prologis Reports Third Quarter 2015 Earnings Results
10/15/201519:36:00Groundbreaking Ceremony Held for New Eindhoven DC

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