Prologis Raises Full-Year Guidance
15 Ottobre 2021 - 2:52PM
Dow Jones News
By Matt Grossman
Prologis Inc. raised its full-year earnings guidance Friday and
boosted its capital-deployment projections.
The San Francisco-based industrial landlord, a real-estate
investment trust, said it now expects core funds from operations of
$4.11 a share to $4.13 a share in 2021. Previously it had forecast
core funds from operations of $4.04 a share to $4.08 a share.
Prologis held steady its forecast for average occupancy at 96.3%
to 96.8%.
The company's outlook for capital-deployment grew. It now
expects $3.5 billion to $3.8 billion in development starts this
year, up from a previous projection of $3.05 billion to $3.35
billion. Prologis expects to spend $1.2 billion to $1.4 billion on
acquisitions, compared with $700 million to $900 million
previously.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
October 15, 2021 08:37 ET (12:37 GMT)
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