Prologis Reports First Quarter 2021 Earnings Results
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SAN FRANCISCO, April 19, 2021 /PRNewswire/ Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, reported results for the first quarter of 2021.
Net earnings per diluted share was $0.49 for the quarter compared with $0.70 for the first quarter of 2020; the decrease was driven by debt extinguishment costs of $187 million. Core funds from operations per diluted share was $0.97 for the quarter compared with $0.83 for the same period in 2020. The robust demand from the fourth quarter has carried into 2021 and is as strong as I have seen in my career, said Hamid R. Moghadam, chairman and CEO, Prologis. Global supply chains are pushing to keep pace with accelerating economic activity, retooling for faster fulfillment and resilience. With our well-positioned portfolio, differentiated customer offerings and abundant investment capacity, we expect to cont
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