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
Alibaba Group (BABA) Q2 2025 Earnings: Key financials and quarterly highlights
Alibaba Group Holding Limited (NYSE: BABA) reported its second quarter 2025 earnings results today. Revenue was $33.7 billion, up 5% year-over-year. Net income attributable to ordinary shareholders grew 58% to
AMAT Earnings: Applied Materials Q4 revenue and profit increase YoY
Applied Materials, Inc. (NASDAQ: AMAT) announced financial results for the fourth quarter of 2024, reporting an increase in revenue and adjusted earnings. Adjusted earnings of the semiconductor technology company increased
What to expect when Target (TGT) reports its Q3 2024 earnings results
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday. The stock has gained 9% over the past three months. The retailer is scheduled to report its earnings results for
