Prologis: Q4 Earnings Snapshot

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Prologis Inc. (PLD) on Tuesday reported a key measure of profitability in its fourth quarter. The results exceeded Wall Street expectations.

The San Francisco-based real estate investment trust said it had funds from operations of $1.44 billion, or $1.50 per share, in the period.

The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of $1.38 per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $1.28 billion, or $1.37 per share.

The industrial real estate developer, based in San Francisco, posted revenue of $2.2 billion in the period. Its adjusted revenue was $1.94 billion, meeting Street forecasts.

For the year, the company reported funds from operations of $5.31 billion. Revenue was reported as $7.51 billion.

Prologis expects full-year funds from operations in the range of $5.65 to $5.81 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLD at https://www.zacks.com/ap/PLD

Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up