Prologis (PLD) Reports Q2 Core FFO of $0.84

Prologis (NYSE: PLD) reported Q2 core FFO of $0.84, versus $0.64 reported last year.

"Our second quarter results were excellent and reflect record rent increases and higher earnings from our strategic capital business," said Hamid R. Moghadam, chairman and CEO, Prologis. "Market conditions continue to be healthy. On the margin, we are now even more positive as we see increased activity from our customers and a greater willingness to compete and pay for quality locations. Market rent growth surprised us to the upside, and the mark-to-market of our portfolio increased to 13 percent globally, which positions us for strong operating performance for the next several years."

For earnings history and earnings-related data on Prologis (PLD) click here.

You May Also Be Interested In

• Synopsys upgraded at Piper Sandler on Intel foundry momentum, Apple opportunity
• Bristow Group to acquire Berry Aviation for $105 million
• UBS Reiterates Buy Rating on General Motors (GM) as Defense Opportunity in Focus