Prologis Q1 2024 Core FFO $1.28, Inline, Sales $1.828B Miss $1.865B Estimate
Portfolio Pulse from Benzinga Newsdesk
Prologis (NYSE:PLD) reported its Q1 2024 Core FFO at $1.28 per share, meeting analyst estimates, with a 4.92% increase from the previous year. However, its sales of $1.828 billion fell short of the $1.865 billion estimate, marking a 1.99% miss but an 11.87% increase year-over-year.
April 17, 2024 | 12:08 pm
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Prologis reported a Q1 2024 Core FFO of $1.28 per share, in line with estimates, and a 4.92% increase from last year. Sales were $1.828 billion, missing estimates by 1.99% but showing an 11.87% increase from the previous year.
Prologis's performance in Q1 2024 shows a mixed result with earnings per share meeting expectations but sales slightly missing estimates. The increase in year-over-year sales and FFO suggests growth, but the miss on sales estimates could temper short-term investor enthusiasm. The neutral score reflects the balance between positive earnings performance and the slight miss in sales expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100