Shares of Prologis Inc. PLD rallied 1.0% toward a four-month high in premarket trading Wednesday, after the logistics real estate investment trust reported fourth-quarter profit and revenue that beat expectations, even though the full-year outlook was a bit downbeat. Net income fell to $585.8 million, or 63 cents a share, from $1.25 billion, or $1.67 a share, in the year-ago period.
67 a share, in the year-ago period. Core funds from operations , which is an earnings measure used by REITs that excludes cost depreciation, asset sales and other nonrecurring items, rose to $1.24 from $1.12 and topped the FactSet consensus of $1.22. Total revenue grew 37.2% to $1.75 billion, well above the FactSet consensus of $1.42 billion, as rental revenue jumped 48.3% to $1.60 billion. Expense growth outpaced revenue growth, rising 43.6% to $1.15 billion. Average occupancy was 98.0%.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »