Prologis Q4 Core FFO $1.26, Inline, Sales $1.76B Miss $1.81B Estimate
Portfolio Pulse from Benzinga Newsdesk
Prologis (NYSE:PLD) reported Q4 core FFO of $1.26 per share, meeting analyst estimates, and a 1.61% increase from the previous year. However, sales of $1.76B fell short of the expected $1.81B, a 2.98% miss, but still marked a 10.37% increase from the previous year.
January 17, 2024 | 1:02 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Prologis reported in-line Q4 core FFO at $1.26/share, a 1.61% YOY increase, but missed sales estimates with $1.76B versus the expected $1.81B, still showing a 10.37% YOY growth.
The in-line FFO suggests stable performance, which is typically viewed positively by investors. However, the sales miss could indicate potential headwinds or market expectations not being met, which might cause some short-term negative sentiment. The YOY growth in sales could mitigate the impact of the miss, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100