SAN FRANCISCO—Locally based Prologis Inc. recently reportedresults for the first quarter 2014, showing that operating resultshad exceeded the company's prior forecast. According to Hamid R. Moghadam, chairman and CEO, Prologis, the company “started the year withexcellent momentum as strong market fundamentals drove demand forour product, leading to the fifth-consecutive quarter of rentgrowth.”
According to the firm, core funds from operations per fullydiluted share was $0.43 for the first quarter compared to $0.40 forthe same period in 2013.
“Growth in global trade, consumption and e-commerce continues tofuel customer requirements for modern, well-located logisticsfacilities,” Moghadam explains. “Investor interest is leading tofurther capitalization rate compression in most regions across theglobe, most notably in Europe.”
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