Prologis Inc, one of the world's largest owners of warehouse and distribution centers, reported core funds from operations, a measure of earnings, that surpassed Wall Street's forecast, but was down from last year due in part to lower rental rates.The company also issued a forecast for 2013 that was below Wall Street's forecasts, helping send its shares down 1.5 percent.Prologis reported diluted core FFO of $199.3 million, or 42 cents per share, compared with 208.2 million or 44 cents per share in the year ago.Analysts on average had expected the San Francisco-based company to report FFO of 41 cents per share, according to Thomson Reuters I/B/E/S.
Prologis, Inc. (Prologis), formerly AMB Property Corporation, is a real estate investment trust (REIT) and the general partner of the Prologis, L. Shares of PLD fell by 1.49% or $-0.6/share to $39.68. In the past year, the shares have traded as low as $30.03 and as high as $41.02. On average, 2753140 shares of PLD exchange hands on a given day and today's volume is recorded at 1480284.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.88% or $0.27/share to $30.79. In the past year, the shares have traded as low as $26.20 and as high as $31.18. On average, 762574 shares of TRI exchange hands on a given day and today's volume is recorded at 201037.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.92% or $0.28/share to $30.68. In the past year, the shares have traded as low as $26.47 and as high as $31.22. On average, 852868 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 284699.
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