Prologis Q1 2024 earnings: Net EPS $0.63, Core FFO $1.28, full-year core FFO guidance reduced to $5.37-$5.47.
Prologis reported Q1 2024 earnings with net earnings per diluted share at $0.63, while Core FFO per diluted share was $1.28. The company's full-year guidance for core FFO has been slightly reduced to a range of $5.37 to $5.47 per share, down from $5.42 to $5.56 per share. Prologis attributes the lowered guidance to a focus on controlling costs by customers, which is slowing the pace of leasing decisions. Despite these challenges, the company expects its long-term outlook to remain positive.
April 17, 2024
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