ADVFN - Advanced Financial Network.
HOME» NYSE » P » PLD Stock Price » PLD Stock News

Prologis Share News

 Prologis Stock Price
PLD Stock Price
 Prologis Stock Chart
PLD Stock Chart
 Prologis Stock News
PLD Stock News
 Prologis Company Information
PLD Company Information
 Prologis Stock Trades
PLD Stock Trades

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; [email protected] 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
03/13/201708:00:00Prologis to Participate in Bank of America Merrill Lynch 2017...
03/03/201708:00:00Prologis to Participate in Citi's 2017 Global Property CEO Conference
03/02/201708:00:00Prologis Research Finds Strong Rental Growth Continuing in Annual...
02/24/201703:00:00Prologis and CBRE Global Investment Partners Announce Formation...
02/23/201715:00:00Prologis Board of Directors Approves 5 Percent Increase in Quarterly...
01/25/201717:20:00Prologis Announces Tax Treatment of 2016 Distributions
01/25/201707:14:00Today's Top Supply Chain and Logistics News From WSJ
01/24/201709:22:00Prologis Profit Helped by Lower Expenses
01/24/201708:00:00Prologis Reports Fourth Quarter and Full-Year 2016 Earnings Results
01/13/201709:00:00Prologis Consolidates Two European Funds and Strengthens Relationship...
01/06/201708:00:00Prologis Completes 18 Build-to-Suit Development Projects in Second...
01/03/201716:10:00Prologis to Announce Fourth Quarter 2016 Results January 24
12/12/201608:00:00Nippon Prologis REIT Prices New Investment Units
12/05/201608:00:00Prologis Announces Nippon Prologis REIT's Issuance of New Investment...
12/01/201616:59:00Prologis Declares Quarterly Dividends
11/07/201609:00:00Prologis to Host Investor Forum in New York City Nov. 9
11/01/201613:40:00Prologis to Build First Multistory Warehouse in the U.S.
11/01/201613:36:00Prologis to Build First Multistory Warehouse in the U.S.
10/26/201603:02:00REIT Earnings to Diverge -- WSJ
10/25/201615:31:00REIT Earnings to Diverge Along Sectors

Prologis and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US