Prologis, Inc - Prologis Reports Third Quarter 2019 Earnings ResultsSAN FRANCISCO, Oct. 15, 2019 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, reported results for the third quarter of 2019.
Net earnings per diluted share was $0.71 for the quarter compared with $0.60 for the third quarter of 2018. Core funds from operations (Core FFO)* per diluted share was $0.97 for the quarter, including $0.18 of net promote income, compared with $0.72 for the same period in 2018, which did not include any promote income.
"Our third-quarter results were excellent—reflecting record rent increases and significant earnings from our Strategic Capital business," said Hamid R. Moghadam, chairman and CEO, Prologis. "Markets remain healthy, driven by customers who are prioritizing proximity to consumers to offset supply chain costs such as labor and transportation. Additionally, investor interest for our Strategic Capital ventures is exceptional, as evidenced by a record capital raise of more than $1.6 billion for our open-ended vehicles."
