Liquidity Finally, the company exited the fourth quarter with cash and cash equivalents of $447.0 million compared with $568.7 million recorded at the end of the prior quarter. Moreover, Prologis and its co-investment ventures accomplished $1.9 billion of refinancing as well as redeemed $788 million of near-term bonds during the quarter. In addition, for the full year, the company reported a 340-basis-point contraction in leverage to 23.7% on a market capitalization basis. Outlook Prologis offered its core FFO per share outlook for full-year 2018.