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Stock Market & Financial Investment News

News Breaks
April 14, 2014
09:06 EDTPLDPrologis signs four development lease agreement in Q1 in Brazil and Mexico
Prologis announced it signed four development lease agreements in the Q1 totaling 582,000 square feet in Brazil and Mexico. The agreements include: 290,000 square feet at Prologis CCP Dutra in Sao Paulo, pre-leased to a leading wholesale warehouse club and repeat Brazil customer. The property is proximate to the airport; and 113,000 square feet at Prologis CCP Queimados with a major pharmaceutical distributor near Rio de Janeiro; and 179,000 square feet at Prologis Park Toluca in Mexico to two separate customers: a regional packaging producer and a leading automotive company. The park totals 628,000 square feet with expansion capabilities to more than 1 million square feet.
News For PLD From The Last 14 Days
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April 13, 2015
08:38 EDTPLDPrologis price target raised to $50 from $45 at Oppenheimer
Oppenheimer believes that the beneficial operating environment coupled with a robust development pipeline should allow Prologis to grow its FFO faster than its peers for the next two years. The firm expects the stock's valuation to rise relative to its peers and it keeps an Outperform rating on the shares.

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