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RBC Expects Prologis Stock to Outperform

SAN FRANCISCO—After Prologis released it fourth quarter results with development leasing reaching its highest level in seven years, one analyst says its guidance is better than expected and is tied to investment.

By Natalie Dolce | Updated on January 28, 2015

SAN FRANCISCO—Locally based Prologis Inc. fourth quarter results showed core funds from operations per diluted share was $0.48 for the fourth quarter compared with $0.43 for the same period in 2013. For the full year 2014, Core FFO per diluted share was $1.88, an increase of 14% over 2013.

“As we closed out the year, our global occupancies continued to climb and development leasing reached its highest level in seven years,” says Hamid R. Moghadam, chairman and CEO of Prologis. “The outperformance is a direct result of our long-term strategy of operating in infill markets where global trade and consumption intersect.”

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