Prologis Reports Lower Revenue and Profit in Q2 2024

Monday, 22 July 2024, 14:31

Prologis, Inc. (NYSE: PLD), a leading real estate investment trust, has reported a decline in its financial performance for the second quarter of 2024. The company's net earnings per share fell to $0.92, down from $1.31 in the same quarter of the previous year. Additionally, net income for the period reached $860 million, highlighting a downward trend in its revenue. This report indicates potential challenges ahead for the REIT as it navigates an evolving market landscape.
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Prologis Reports Lower Revenue and Profit in Q2 2024

Prologis, Inc. Earnings Summary

Prologis, Inc. (NYSE: PLD) has released its financial results for the second quarter of 2024.

Key Financial Highlights

  • Decline in Revenue: Prologis reported a significant decrease in revenue.
  • Lower Net Earnings: Net earnings per share fell from $1.31 in Q2 2023 to $0.92 in Q2 2024.
  • Net Income: For the three months, net income was recorded at $860 million.

Conclusion

This earnings report underscores the challenges faced by Prologis in the current market, calling for strategic adjustments as it progresses through 2024.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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