Prologis Q3 FFO Decreases - Quick Facts

(RTTNews) - Prologis, Inc.(PLD), Wednesday reported a decrease in Funds From Operation or FFO to $82.5 million or $0.16 per share, compared with $205.8 million or $0.44 per share last year.

Core FFO for the period was $206.8 million or $0.41 per share, compared with $231.9 million or $0.49 per share a year ago. The company said that the last year's core FFO included a tax benefit of $0.06 per share. Net loss for the three-month period narrowed to $7.5 million or $0.02 per share, from $46.5 million or $0.10 per share last year.

Revenues decreased to $430.1 million from $499.4 million a year earlier.

Prologis narrowed its full-year 2013 Core FFO guidance range to $1.64 to $1.66 per share from $1.63 to $1.67 per share. The company also expects to recognize net earnings of $0.53 to $0.55 per share for the year.

Separately, the company said Prologis International Funding II S.A., a unit of Prologis European Properties Fund II, issued a 300 million euros unsecured bond in the Euro bond market due 2018.