Prologis Q2 Profit Rises - Quick Facts

(RTTNews) - Prologis Inc. (PLD) reported that its second-quarter net earnings attributable to common stockholders increased to $140.2 million or $0.27 per share from $72.7 million or $0.13 per share in the prior year.

Core funds from operations per share were $0.52 for the second quarter, compared with $0.48 for the same period in 2014.

Revenues for the latest second quarter rose to $510.40 million from $460.09 million in the prior year.

Prologis increased the midpoint of its full-year 2015 Core FFO guidance and narrowed the range to $2.18 to $2.22 per share from $2.16 to $2.22 per share, representing expected year-over-year growth of 17 percent. The company expects to recognize net earnings, for GAAP purposes, of $1.12 to $1.16 per share.

Further, the company said its Board of Directors has approved a quarterly dividend increase, raising the company's annualized dividend level by 11 percent to $1.60 per share of common stock.