Prologis shares are trading lower following worse-than-expected Q1 financial results. The company also cut its 2024 core FFO outlook.
Portfolio Pulse from Benzinga Newsdesk
Prologis shares are trading lower after the company reported worse-than-expected Q1 financial results and reduced its 2024 core FFO outlook.
April 17, 2024 | 12:21 pm
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NEGATIVE IMPACT
Prologis reported disappointing Q1 financial results and lowered its 2024 core FFO outlook, leading to a decline in its share price.
The negative impact on Prologis' stock price is directly related to the company's worse-than-expected Q1 financial performance and the downward revision of its 2024 core FFO outlook. Such financial updates typically lead to a loss of investor confidence and a decrease in stock price, as they directly affect future profitability expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100