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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
05/21/201509:00:00Prologis, L.P. to Establish ¥55 Billion Unsecured Senior Term...
05/20/201512:15:10What Is the S&P 500 Index?
05/14/201509:00:00Prologis, L.P. to Establish $1.0 Billion Unsecured Senior Term...
05/13/201509:00:00Prologis, L.P. Announces the Closing of â¬700 Million of Guaranteed N...
05/12/201517:14:39Raising the Roof Making All the Difference in Warehouses
05/06/201513:47:00Prologis, L.P. Prices â¬700 million of Guaranteed Notes due 2...
04/29/201516:55:00Prologis Declares Quarterly Dividends and Announces Results from...
04/21/201503:01:37Prologis Stock Rating Reaffirmed by MLV & Co. (PLD)
04/20/201513:32:41Prologis Given New $52.00 Price Target at Barclays (PLD)
04/19/201521:10:07Prologis to Buy KTR for $5.9 Billion
04/19/201517:09:12Prologis to Buy KTR for $5.9 Billion -- 3rd Update
04/19/201516:39:08Prologis to Buy KTR for $5.9 Billion -- 2nd Update
04/19/201516:01:00Prologis Announces First Quarter 2015 Earnings Results and New...
04/19/201516:00:00Prologis Signs Definitive Agreements to Acquire $5.9 Billion...
04/19/201514:11:05Prologis to Buy KTR for $5.9 Billion -- Update
04/17/201509:18:00Prologis Announces Issuance of EUR 300 Million of PEPF II Eurobonds
04/02/201514:11:08Property Investors Flock to Europe's Warehouses
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...

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