Prologis Raises Full-Year Earnings Outlook
By Will Feuer
Prologis boosted its full-year earnings guidance, saying it expects net operating income from its properties to rise more than it had initially forecast.
The San Francisco-based industrial-property landlord is targeting full-year earnings attributable to common shareholders of $3.30 a share to $3.40 a share, up from its prior guidance of $3.10 a share to $3.25 a share.
Core funds from operations are expected to be $5.56 a share to $5.60 a share, up from prior guidance of $5.42 a share to $5.50 a share.
Prologis said it now expects cash same-store net operating income to rise by 9.5% to 10.0%, up from prior guidance for growth of 9.0% to 9.75%.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
July 18, 2023 08:41 ET (12:41 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
4 Wide-Moat Stocks to Buy for the Long Term While They’re Undervalued Today
-
Markets Brief: Four Stocks Made Up 80% of the Gains. Can It Last?
-
Is It Time to Ditch Your Money Market Fund for Longer-Term Bonds?
-
What’s Happening In the Markets This Week
-
4 Reasons Why Today’s Stock Market Is Delivering Impressive Performance
-
What Does Nvidia’s Stock Split Mean for Investors?
-
5 Undervalued Stocks to Buy as Their Stories Play Out
-
Markets Brief: Return of the Meme Stocks
-
GE Aerospace Stock Has Skyrocketed 86%. Is It a Buy?
-
2 Undervalued Dividend Stocks the Best Managers Are Buying
-
Tesla: Shareholder Vote Reduces Key Person Risk
-
After Earnings, Is CrowdStrike Stock a Buy, a Sell, or Fairly Valued?
-
Adobe’s Strong Quarterly Results Drive Share Gains
-
What Does Broadcom’s Stock Split Mean for Investors?
-
5 Ultracheap Stocks to Buy With the Best Returns on Investment
-
Broadcom Earnings: AI Sales Growth Accelerates