Prologis Inc. reported its 2016 fourth-quarter and full-year results and set forth guidance for full-year 2017.

The company logged core funds from operations of approximately $344.8 million, or 63 cents per share, for the fourth quarter of 2016, compared to $345.8 million, or 64 cents per share for the year-ago quarter.

The S&P Capital IQ consensus FFO-per-share for the fourth quarter of 2016 was 63 cents.

NAREIT-defined FFO for the quarter came to approximately $564.8 million, up from $321.5 million in the year-ago quarter, and FFO as modified by Prologis totaled $508.2 million, compared to $308.4 million in the year-ago quarter.

AFFO for the quarter jumped to $430.6 million from approximately $301 million in the fourth quarter of 2015.

For full-year 2016, core FFO came in at $1.40 billion, or $2.57 per share, up from $1.19 billion, or $2.23 per share, in 2015, reflecting a 15% year-over-year increase on a per-share basis.

The S&P Capital IQ consensus FFO-per-share for the full year was $2.57.

Full-year NAREIT-defined FFO totaled approximately $1.74 billion, up from $1.32 billion in 2015, while FFO as defined by Prologis for 2016 came in at approximately $1.70 billion, compared to $1.31 billion for 2015.

AFFO for 2016 totaled approximately $1.41 billion, compared to $1.16 billion in 2015.

Looking ahead, the company expects full-year 2017 core FFO in a range of $2.60 to $2.70 per share.

The S&P Capital IQ consensus FFO-per-share estimate for 2017 is $2.66.