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ProLogis CEO Pleased With Q3 Performance

SAN FRANCISCO—According to the firm's third quarter numbers, core funds from operations per fully diluted share was up 18% from the same period in 2013. Industry analysts say results are reflective of favorable industrial fundamentals.

By Natalie Dolce | Updated on October 24, 2014

SAN FRANCISCO—Locally based Prologis Inc. recently reported results for third quarter 2014, showing that core funds from operations per fully diluted share was $0.48 for the third quarter compared with $0.41 for the same period in 2013, a year-over-year increase of 18%.

“I am very pleased with our quarterly performance,” says Hamid R. Moghadam, chairman and CEO, Prologis. “Our results were led by operations, with global occupancy ending at 95% and rent change reaching the highest level in many years. We are raising the midpoint for our full-year 2014 Core FFO guidance due to our performance to date and expectations for continued growth.”

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