Prologis Q3 Core FFO Per Share $1.30 Down From $1.73 YoY, Rental Revenues $1.78B Beat $1.73B Estimate
Portfolio Pulse from Benzinga Newsdesk
Prologis reported Q3 Core FFO per share of $1.30, a decrease of 24.86% YoY. However, the company's rental revenues of $1.78 billion beat the analyst consensus estimate of $1.73 billion by 2.77%, marking a 54.36% increase YoY.
October 17, 2023 | 12:04 pm
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Prologis' Q3 results show a decrease in Core FFO per share but an increase in rental revenues, beating estimates.
Prologis' Q3 results show a mixed picture. While the Core FFO per share has decreased significantly YoY, the company has managed to beat rental revenue estimates, which have increased significantly. This could potentially offset the negative impact of the decrease in FFO per share, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100