Prologis' balance sheet in 19 countries
Logistics real estate developer Prologis has reported its results for Q3/2020. As of 30 September 2020, the company owned or had investments in ventures, properties and development projects estimated to total approximately 91 million sqm in 19 countries.
Moreover, the company leases logistics facilities to a diverse base of approximately 5,500 customers. The company's earnings totalled USD 299 million, a third less compared to Q3/2019 with USD 450.64 million.
Yet, excluding items, Prologis reported adjusted earnings of USD 689 million compared to USD 632 million last year (-8,2%). The combined investment capacity of Prologis and its open-ended vehicles, at levels in line with their current credit ratings, is USD 13 billion. (sh)