2024

Core

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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">Prologis, Inc. (NYSE: PLD), a global leader in logistics <a href="https://tokenist.com/investing/reits-vs-stocks/" rel="dofollow" class="deco-link">real estate</a>, recently unveiled its financial results for the fourth quarter of 2023, showcasing robust performance and strategic positioning. </p> 
<p>The company reported a significant surge in earnings and revenue for the fourth quarter of 2023. Their <a href="https://tokenist.com/investing/fundamental-analysis-stocks/" rel="dofollow" class="deco-link">earnings per share</a> (EPS) and total revenue exceeded analysts’ expectations, reflecting the company’s strong operational efficiency and strategic growth initiatives. This remarkable performance is attributed to Prologis’ diversified portfolio and its focus on high-demand logistics markets, which continued to thrive despite broader economic uncertainties.</p> 
<h3 id="prologis-inc-outperforms-eps-and-revenue-expectations-in-q4">Prologis, Inc. Outperforms EPS and Revenue Expectations in Q4</h3> 
<p>Prologis, Inc. significantly outperformed market expectations in the fourth quarter of 2023. The company reported net earnings per diluted share of $0.68, surpassing the anticipated EPS of $0.58. This marked an increase from the $0.63 per share recorded in the same period of the previous year. <br><br>Core funds from operations (Core FFO) per diluted share reached $1.26, a slight increase from the $1.24 in the fourth quarter of 2022. The overall financial performance, notably higher than the projected figures, reflects the company’s strong market positioning and operational efficiency.</p> 
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<h3 id="pld-sets-optimistic-guidance-for-2024">PLD Sets Optimistic Guidance for 2024</h3> 
<p>Looking ahead, Prologis has set optimistic projections for 2024. The company forecasts net earnings per diluted share to be between $3.20 and $3.45. The guidance range for Core FFO per diluted share is $5.42 to $5.56. These projections indicate the company’s confidence in its continued strong performance, driven by its robust portfolio and strategic initiatives. The guidance suggests Prologis’ expectations of maintaining its growth trajectory in the coming year.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<p>The post <a rel="nofollow" href="https://tokenist.com/prologis-pld-shines-in-q4-2023-with-0-68-eps-sets-optimistic-2024-outlook/">Prologis (PLD) Shines in Q4 2023 with $0.68 EPS, Sets Optimistic 2024 Outlook</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Prologis (PLD) Shines in Q4 2023 with $0.68 EPS, Sets Optimistic 2024 Outlook

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