LONDON, UK / ACCESSWIRE / July 19, 2018 / If you want access to our free earnings report on Prologis, Inc. (NYSE: PLD), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PLD. The Company reported its second quarter fiscal 2018 operating and financial results on July 17, 2018. The San Francisco-based real estate investment trust (REIT) reported FFO numbers in-line with market estimates. Additionally, the Company revised its guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Prologis most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For Q2 2018, Prologis recorded total revenues of $621 million compared to $766 million in Q2 2017. The Company's revenue numbers lagged analysts' estimates by $12.44 million.

During Q2 2018, Prologis generated rental revenues of $545 million compared to $585 million in Q2 2017. The Company's strategic revenues totaled $76 million in the reported quarter compared to $181 million in the same period of last year.

For Q2 2018, Prologis reported net earnings attributable to common shareholders of $335 million, or $0.62 per diluted share, versus $267 million, or $0.50 per diluted share, in the year earlier comparable quarter.

Prologis' core funds from operations (FFO) were $391 million, or $0.71 per diluted share, in Q2 2018 compared to $461 million, or $0.84 per diluted share, in Q2 2017. The Company's prior period included net promote income of $0.18 per diluted share. Prologis' FFO numbers matched Wall Street's estimates of $0.71 per share.

Operating Results

At the end of Q2 2018, Prologis' end period occupancy was 97.4% compared to 96.2% at the end of Q2 2017. The Company's Leases commenced 39 MSF in the reported quarter compared to 33 MSF in the year earlier corresponding quarter. Prologis' cash same store net operating income (NOI) was 7.0% in Q2 2018 compared to 6.4% in Q2 2017, and was led by the US at 8.2%.

Financing Activities

During Q2 2018, Prologis and its co-investment ventures completed over $850 million of financings, including a $400 million 10-year bond at 3.875% and $300 million 30-year bond at 4.375%. The Company ended the reported quarter with a leverage of 22.9% on a market capitalization basis; a debt-to-adjusted EBITDA ratio of 4.1x; and $4.0 billion of liquidity.

Outlook

For the full fiscal year 2018, Prologis is forecasting net earnings per share to be in the range of $2.80 to $2.86, and core FFO per diluted share to be in the band of $2.98 to $3.02. The Company is expecting year-end occupancy to be in the range of 97.0% to 97.5%, and cash same-store NOI to be in the band of 5.5% to 6.5%.

Stock Performance Snapshot

July 18, 2018 - At Wednesday's closing bell, Prologis' stock marginally declined 0.71%, ending the trading session at $62.97.

Volume traded for the day: 4.78 million shares, which was above the 3-month average volume of 2.95 million shares.

Stock performance in the previous six-month period ? up 0.17%; and past twelve-month period ? up 4.74%

After yesterday's close, Prologis' market cap was at $33.51 billion.

Price to Earnings (P/E) ratio was at 18.80.

The stock has a dividend yield of 3.05%.

The stock is part of the Financial sector, categorized under the REIT - Industrial industry. This sector was up 1.1% at the end of the session.

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