Prologis (PLD) Q1 FFO and Revenues Top Estimates

Core Viewpoint - Prologis reported quarterly funds from operations (FFO) of $1.42 per share, exceeding the Zacks Consensus Estimate of$ 1.38 per share, and showing an increase from $1.28 per share a year ago, indicating a positive performance trend [1][2] Financial Performance - The company achieved revenues of$ 1.99 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.68% and up from $1.83 billion year-over-year [2] - Prologis has consistently surpassed consensus FFO estimates over the last four quarters, achieving a surprise of 2.90% in the latest report [1][2] Market Position and Outlook - Prologis shares have declined approximately 6.8% since the beginning of the year, which is better than the S&P 500's decline of 8.3% [3] - The future performance of Prologis stock will largely depend on management's commentary during the earnings call and the outlook for FFO [3][4] Estimate Revisions and Consensus - The current consensus FFO estimate for the upcoming quarter is$ 1.41 on revenues of $1.97 billion, and for the current fiscal year, it is$ 5.71 on revenues of $7.96 billion [7] - The estimate revisions trend for Prologis is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The REIT and Equity Trust - Other industry, to which Prologis belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, which may impact stock performance [8]