Wednesday, April 7, 2010 as of 11:14 AM ET
DOW JONES NEWSWIRESPrologis Inc.
(PLD) swung to a first-quarter profit as the warehouse real-estate investment trust's rental income more than doubled, with a boost from its merger last year.This is the third full quarter of results for the new Prologis. It was formed in June when the nation's two biggest publicly traded warehouse owners--Prologis and AMB Property Corp.--merged in one of the largest real-estate deals since the recession.Prologis reported a profit of $202.4 million, or 44 cents a share, from a year-earlier loss of $46.6 million, or 18 cents a share.Core funds from operations--a closely watched measure of performance for REITs--were up at 40 cents from 29 cents. Core FFO excludes real-estate transaction gains.Rental revenue more than doubled to $464.6 million, reflecting the contributions from the AMB Property acquisition. Analysts polled by Thomson Reuters most recently projected revenue of $442 million.Shares of Prologis, which affirmed its 2012 core FFO guidance, clos...Warehouse giant AMB Property Corp. (AMB) and larger rival ProLogis (PLD) agreed to combine in an all-stock merger of equals, the biggest deal in years involving publ...
BOSTON -- ProLogis and AMB Property Corp. on Monday announced a merger agreement in a stock-for-stock transaction expected to close in the second quarter of 2011. Th...
5:10 (Dow Jones) News of merger talks between industrial landlord giants Prologis (PLD) and AMB Property (AMB) spark sharp gains among rivals, including First Indust...
FOX Business: The Power to ProsperFollowing in the footsteps of the Dow, the S&P 500 touched the closely-watched 1300 level on Thursday for the first time in two yea...
SAN FRANCISCO -- ProLogis shares surged 9% after AMB Property Corp. said it was in merger talks with the real-estate investment trust, and is interested in an all-st...
U.S. owner of warehouses and distribution centers ProLogis (NYSE:PLD) said late on Wednesday it is in merger talks with rival AMB Property Corp (NYSE:AMB).ProLogis a...
Warehouse giant AMB Property Corp. (AMB) and Prologis (PLD) Thursday confirmed the two companies were discussing a "potential merger of equals".In separate statement...
Blackstone Group ( BX ) is reportedly close to a deal in which it will buy 180 properties from warehouse giant ProLogis ( PLD ) for $1 billion.According to a report ...
ProLogis CEO Walter Rakowich on increasing renewable solar energy projects.
The apartment sector, one of the best-performing of the commercial real-estate market in recent years, is starting to lose some appeal for investors.Last year, resid...
Rep. Joe Barton, (R-Texas), on Congress’ efforts to get the documents requested from the White House pertaining to the investigation into Solyndra.
Harris Williams Managing Director Chris Williams weighs in on his outlook for mergers and acquisitions.
Insurance industry officials at the Insurance Information Institute (I.I.I.) say the earthquake in Japan could prove to be one of the costliest to insurers "in world...
Leader Capital CEO John Lekas says technology stocks are a good buy because they tend to have low debt.
BOSTON -- The Financial Select Sector SPDR Fund was up 0.3% in early trading Monday after the Commerce Department said consumer spending rose 0.7% in December, while...
A DOW JONES COLUMNMerger talk centered on real estate investment trusts pushed exchange-traded funds tied to the sector to fresh recovery highs, shaking off most con...
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