European expansion lifts Prologis' earnings

Funds from operation (FFO – the US equivalent of earnings) at the US REIT were up to $1.80 (110p) a share. Total FFO rose 45% to $233m (£142m) on revenue of $416m (£254m). Its total assets, net of depreciation, rose during the year from $3bn to $4.3bn (£2.6bn). Prologis owns ...

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