Photo of Hamid Moghadam Prologis’ chairman and CEO, Hamid R. Moghadam. (Photo: Prologis)

SAN FRANCISCO—Global logistics giant Prologis on Tuesday reported first-quarter core funds from operations of 63 cents per diluted share, up from 61 cents a year ago and in line with or slightly exceeding analyst projections. The REIT increased its guidance on the midpoint for full-year net earnings as well as core FFO, respectively by 13 cents and 10 cents per diluted share.