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Prologis Operating Results Exceed Forecast

SAN FRANCISCO—Growth in global trade, consumption and e-commerce continues to fuel customer requirements for modern, well-located logistics facilities, says the firm's chairman and CEO.

By Natalie Dolce | Updated on April 24, 2014

SAN FRANCISCO—Locally based Prologis Inc. recently reported results for the first quarter 2014, showing that operating results had exceeded the company’s prior forecast. According to Hamid R. Moghadam, chairman and CEO, Prologis, the company “started the year with excellent momentum as strong market fundamentals drove demand for our product, leading to the fifth-consecutive quarter of rent growth.”

According to the firm, core funds from operations per fully diluted share was $0.43 for the first quarter compared to $0.40 for the same period in 2013.

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