San Francisco, California-based Prologis, Inc. (PLD) is the global leader in logistics real estate, focusing on high-barrier, high-growth markets. With a market cap of $116.3 billion, Prologis leases modern logistics facilities to a diverse base of customers, principally across business-to-business and retail/online fulfillment categories. The real estate giant is expected to release its Q3 earnings before the market opens on Wednesday, Oct. 16.
Ahead of the event, analysts project Prologis to report core funds from operations (FFO) of $1.38 per share, up 6.2% from $1.30 per share reported in the year-ago quarter. The company has consistently surpassed or matched Wall Street’s core FFO per share estimates in each of the past four quarters. Its core FFO per share for the last reported quarter declined 26.8% year-over-year to $1.34 while exceeding the consensus estimates marginally.
