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Prologis Reports Second Quarter 2021 Earnings Results
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Prologis (NYSE:PLD) - Prologis Sees Logistics Real Estate Markets Tighten Further In Q2, Raises Guidance
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Prologis, inc (PLD) Q2 2021 Earnings Call Transcript
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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
Operator
Welcome to the Prologis Q1 2021 Earnings Conference Call. My name is Julianne, and I ll be your operator for today s call. [Operator Instructions]
I d now like to turn the call over to Tracy Ward. Tracy, you may begin.
Tracy Ward
Senior Vice President of Investor Relations
Thanks, Julianne, and good morning, everyone. Welcome to our first quarter 2021 earnings conference call. The supplemental document is available on our website at prologis.com under Investor Relations.
I d like to state that this conference call will contain forward-looking statements under federal securities laws. These statements are based on current expectations, estimates and projections about the market and the industry in which Prologis operates as well as management s beliefs and assumptions. Forward-looking statements are not guarantees of performance and actual operating results may be affected by a variety of factors. For a list of those factors, please refer to the forward-looking state