Prologis reports Q3 Core FFO $1.50 ex-items, consensus $1.44

Reports Q3 revenue $2.21B, consensus $2.03B. Q3 Core FFO excludes Net Promote Income, Expense. Reports Cash Same Store NOI 5.2 %. “Our record leasing this quarter underscores the strength and resilience of our platform,” said Hamid R. Moghadam, co-founder and CEO of Prologis (PLD). “With a solid pipeline, improving customer sentiment and limited new supply, the logistics market is setting up for the next inflection in rent and occupancy growth – one of the most compelling setups I’ve seen in 40 years.”