Prologis beat earnings estimates in Q3, driven by strong industrial real estate performance.

Prologis Inc. reported third-quarter funds from operations of $1.49 per share, exceeding analyst expectations, driven by strong performance in its industrial real estate portfolio. The company posted $2.21 billion in revenue and reaffirmed its full-year FFO guidance between $5.78 and $5.81 per share. Heartland Bank & Trust Co. acquired 2,823 shares of Prologis during the second quarter, spending about $297,000. The stock, with a market cap of $107.2 billion, yields 3.5% but has a payout ratio above 100%.