Real estate investment trust Prologis, Inc. (NYSE: PLD) announced financial results for the second quarter of 2024, reporting a decrease in revenues and profit.
- Net earnings, on a per-share basis, was $0.92 in the second quarter of 2024, compared to $1.31 in the same period of 2023
- Net income was $860 million during the three months, vs. $1.22 billion in the prior-year quarter
- Total revenues decreased to about $2.0 billion in the June quarter from $2.45 billion in Q2 2023
- Core funds from operations were $1.34 in Q2, compared to $1.83 per share in the prior-year period
- Core FFO, excluding net promote income, for the quarter was $1.36 per share, compared to $1.25 per share a year earlier
- During the quarter, the company issued an aggregate of $1.2 billion of debt at a weighted average interest rate of 4.4%
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed