While reporting its financial results for the fourth quarter on Wednesday, logistics real estate firm Prologis Inc. (PLD) initiated its net earnings and core funds from operations outlook for the full-year 2024.
For fiscal 2024, the company now forecasts net earnings in a range of $3.20 to $3.45 per share, core funds from operation or core FFO in a range of $5.42 to $5.56 per share and core FFO, excluding net promote income, in a range of $5.50 to $5.64 per share.
On average, six analysts polled by Thomson Reuters expect the company to report earnings of $2.62 per share for the year. Analysts' estimates typically exclude special items.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.