World’s largest industrial landlord, Prologis, cuts guidance in anticipation of weaker Industrial Market

The company expects 2024 core FFO (Funds From Operations) per share of $5.37 to $5.47, down from prior guidance of $5.42 to $5.56, and lowered expectation for average occupancy of its warehouses by 75 basis points to between 95.75% and 96.75%.

Prologis (NYSE: PLD)
Jeff Foster | VP, Market Officer-Arizona

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