Prologis Delivers Impressive Revenue and Profit Numbers in Q1 2024
Wednesday, 17 April 2024, 13:02
Prologis Reports Strong Q1 2024 Revenue and Profit Growth
Real estate investment trust Prologis, Inc. (NYSE: PLD) announces impressive financial results for the first quarter of 2024, showing higher revenues and earnings.
Earnings Highlights:
- Net earnings per share rose to $0.63 from $0.50 in the year-ago quarter.
- Core FFO per share was $1.28 in Q1, compared to $1.22 per share last year.
- Core FFO per share, excluding net promote income, stood at $1.31 in the March quarter, up from $1.23 in the prior year.
- The company projects nearly 8% core FFO growth for fiscal 2024, along with 6.75% cash same-store NOI growth.
- Total revenues surged to $1.96 billion from $1.77 billion in Q1 2023.
- Net income attributable to common shareholders was $584 million, compared to $463 million in the previous year.
- Q1 adjusted EBITDA attributable to common stockholders increased to $1.60 billion from $1.43 billion in the year-ago period.
The post Earnings Summary: Prologis reports higher Q1 2024 revenue and profit first appeared on AlphaStreet.
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