By Matt Grossman

Prologis Inc. on Monday raised its guidance for full-year funds from operations.

The San Francisco-based industrial-property landlord said it now expects core funds from operations of $4.04 a share to $4.08 a share in 2021. Previously, Prologis had forecast core funds from operations of $3.96 a share to $4.02 a share.

The company also revised upward its net earnings forecast, projecting earnings of $3.08 a share to $3.14 a share in 2021. The company previously estimated earnings of $2.80 a share to $2.90 a share.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

07-19-21 0840ET