The real estate investment trust (REIT) reported quarterly revenue of $406.17 million, compared with the average analysts’ estimate of $404.27 million, according to Koyfin data.
The San Francisco-based firm reported core funds from operations of $1.50 per share, compared with the average analysts' estimate of $1.39 per share.
Extra Space Storage has outshone the broader market over the past year, and analysts are moderately optimistic about the stock’s prospects.
Despite Prologis’ underperformance relative to the broader market over the past year, Wall Street analysts remain bullish about the stock’s prospects.
Prologis has underperformed the broader market over the past year, but Wall Street analysts are bullish about the stock’s prospects.
Secular tailwinds can push a portfolio up without focusing on just a single company.