Prologis Q3 Core FFO Increases; Lifts 2015 EPS View - Quick Facts

(RTTNews) - Prologis, Inc. (PLD) reported that its Core funds from operations for the third quarter of 2015 increased to $307.27 million from $244.90 million in the same quarter last year. Core FFO per share rose to $0.58 from $0.48 in the prior year.

Adjusted funds from operation grew to $355.63 million from $266.14 million in the prior year.

Net earnings attributable to common stockholders for the quarter rose to $258.98 million from $136.25 million last year. Net earnings per share was $0.49 compared with $0.23 for the same period in 2014.

Total revenues grew to $580.62 million from $415.15 million last year.

The company now expects 2015 GAAP Net Earnings per share to be in the range of $1.51 to $1.53, compared to prior outlook of $1.12 to $1.16 per share.

Core FFO for 2015 is anticipated to be $2.19 to $2.21 per share, compared to $2.18 to $2.22 per share.