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Prologis tops Q4 estimates, sees 3%+ FFO growth thisyear

Published 01/23/2018, 08:17 AM
© Reuters.  Prologis tops Q4 estimates, sees 3%+ FFO growth thisyear
PLD
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  • Q4 core FFO per share of $0.67 vs. $0.63 a year ago, and topping estimates by a penny. Full-year core FFO per share of $2.81 vs. $2.27 in 2016.
  • Period-end occupancy of 97.2% up 10 basis points Y/Y.
  • Net effective rent change of 19% vs. 16% a year ago. U.S. net effective rent change of 29.8%.
  • Net effective same-store NOI up 4.1% vs. 32.% in Q4 a year ago.
  • Full-year 2018 core FFO per share guidance of $2.85-$2.95, or 3.2% growth at the midpoint. Net effective NOI growth seen at 4%-5%.
  • Conference call at noon ET
  • Previously: Prologis beats by $0.01, beats on revenue (Jan. 23)
  • PLD flat premarket
  • Now read: 2018 Main Themes And How To Play Them - Part I


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