Prologis stock surges 5.1% after Q4 profit more than doubles, exceeding analyst estimates.

From StockTwits: 2025-01-21 12:48:14

Prologis (PLD) shares surged 5.1% after reporting a fourth-quarter profit that more than doubled. The company’s net income was $1.28 billion, or $1.37 per share, compared to $629 million, or $0.68 per share, in the year-ago quarter. Core funds from operations were $1.50 per share, beating analysts’ estimates of $1.39 per share. Revenue for the quarter was $2.20 billion, surpassing Wall Street’s expectation of $1.94 billion. CEO Hamid R. Moghadam stated that post-election leasing activity has been strong, projecting net earnings of $3.45 to $3.70 per share for 2025 and core FFO of $5.65 to $5.81 per share. Retail sentiment on Stocktwits for PLD reached ‘extremely bullish’ territory.



Read more at StockTwits: Prologis Stock Rallies After Q4 Profit More Than Doubles: Retail Shows Admiration