Prologis Q4 Results Top Estimates

(RTTNews) - Logistics real estate firm Prologis, Inc. (PLD) reported Tuesday that net earnings attributable to common stockholders for the fourth quarter doubled to $1.28 billion or $1.37 per share from $629 million or $0.68 per share in the prior-year quarter.

On average, five analysts polled by Thomson Reuters expected the company to report earnings of $0.68 per share for the quarter. Analysts' estimates typically exclude special items

Core funds from operations or Core FFO, for the quarter was $1.50 per share, compared to $1.26 per share in the year-ago quarter.

Core FFO, excluding Net Promote Income (Expense) was $1.42 per share, compared to $1.29 per share last year.

Total revenues for the quarter grew to $2.20 billion from $1.89 billion in the same quarter last year. Analysts expected revenues of $1.94 billion for the quarter.

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