Prologis Q1 Profit Increases, Lifts FY17 Earnings View

(RTTNews) - Prologis Inc. (PLD) Tuesday announced first quarter core FFO of $347 million or $0.063 per share, up from $330 million or $0.61 per share a year ago.

The company reported net earnings attributable to common stockholders of $203 million or $0.38 per share, down from $208 million or $0.39 per share in the prior year.

Revenue for the quarter climbed to $629 million from $606 million a year ago.

Looking ahead to the full year 2017, the company expects an increase in net earnings to a range of $1.70 to $1.80 per share, while the previous outlook was in a range of $1.55 to $1.70 per share.

Core FFO for the full year is expected to be $2.72 to $2.78 per share, up from $2.60 to $2.70 per share a year ago.