Prologis Ups Deployment Guidance by $1.7B

SAN FRANCISCO-Locally based Prologis Inc., global owner, operator and developer of industrial real estate, recently reported results for the second quarter 2013, showing that the company increased its full-year deployment guidance range by $1.7 billion, to $3.5 billion to $4.1 billion.

According to Q2 results, core funds from operations per fully diluted share was $0.41 for the second quarter compared to $0.43 for the same period in 2012. Net loss per fully diluted share was less than $0.01 for the second quarter compared to a net loss per share of $0.02 for the same period in 2012. The net loss in the quarter was principally due to costs associated with the early extinguishment of debt, as well as from depreciation on real estate.