Prologis reports Q4 Core FFO $1.24, consensus $1.21

Reports Q4 revenue $1.59B, consensus $1.45B. Reports Cash Same Store NOI 9.1 %. "Our results underscore the strength of our business in the face of a slowing economy," said Hamid R. Moghadam, co-founder and CEO, Prologis. "While capital markets have begun to stabilize, it will likely take a few quarters before we see meaningful price discovery, and normalization of values. Despite the challenging economic environment, we are focused on serving our customers through the scale and quality of our portfolio, our growing Essentials offerings, and dedication of the best team in the business."