Investing.com - Prologis (NYSE:PLD) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Prologis announced earnings per share of $1.54 on revenue of $1.08B. Analysts polled by Investing.com anticipated EPS of $0.6729 on revenue of $1.08B.
Prologis shares are down 3.18% from the beginning of the year, still down 4.49% from its 52 week high of $170.66 set on April 6. They are outperforming the S&P 500 which is down 7.86% from the start of the year.
Prologis shares gained 2.50% in pre-market trade following the report.
Prologis follows other major Real Estate sector earnings this month
Prologis's report follows an earnings beat by Equity Lifestyle on Monday, who reported EPS of $0.45 on revenue of $285.07M, compared to forecasts EPS of $0.4101 on revenue of $290.79M.
Terreno had beat expectations on April 7 with first quarter EPS of $0.275 on revenue of $62.7M, compared to forecast for EPS of $0.2725 on revenue of $62.81M.
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