Prologis, Inc - Prologis Reports First Quarter 2019 Earnings ResultsSAN FRANCISCO, April 16, 2019 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, reported results for the first quarter of 2019.
Net earnings per diluted share was $0.55 for the quarter compared with $0.68 for the first quarter of 2018. Core funds from operations* per diluted share was $0.73 for the quarter compared with $0.80 for the same period in 2018. There were no promotes earned in the quarter, whereas net promote income was $0.09 per diluted share in the same period in 2018.
"Our proprietary operating data points to continued market strength," said Hamid R. Moghadam, chairman and CEO, Prologis. "Our customers are focused on locations close to the end consumer in large consumption markets. In the first quarter, demand was exceptionally strong for small and medium-sized spaces."
