Welcome to our dedicated page for PROLOGIS news (Ticker: PLD), a resource for investors and traders seeking the latest updates and insights on PROLOGIS stock.
Prologis, Inc. (NYSE: PLD) is the world's leading logistics real estate company, headquartered in San Francisco, California. Formed from the merger of AMB Property Corporation and Prologis Trust in June 2011, Prologis focuses on owning, acquiring, developing, and managing high-quality logistics and industrial facilities globally. The company operates as a real estate investment trust (REIT) and manages a portfolio covering approximately 1.2 billion square feet of industrial space across 19 countries.
Prologis strategically segments its operations into four global divisions: Americas, Europe, Asia, and Other Americas. This enables the company to efficiently manage and expand its footprint in high-barrier, high-growth markets. The firm serves around 6,700 customers, predominantly in the business-to-business and retail/online fulfillment sectors.
In addition to its real estate operations, Prologis has a notable strategic capital business segment with around $60 billion in third-party assets under management (AUM). This segment aims to create value through co-investment ventures and capitalizes on strong market conditions to drive growth.
Recent achievements highlight Prologis' commitment to sustainability and innovation. The company has significantly expanded its rooftop solar and storage installations, reaching 500 megawatts of energy capacity, halfway to its goal of 1 gigawatt by 2025. This initiative supports Prologis' broader objective of achieving net zero emissions across its operations by 2040.
In response to economic and geopolitical uncertainties, Prologis maintains a robust balance sheet, with debt constituting 21% of total market capitalization and a weighted average interest rate of 3.1%. The company also hedges against foreign currency fluctuations to stabilize earnings.
Financially, Prologis has demonstrated resilience and growth. For the first quarter of 2024, the company reported net earnings of $0.63 per diluted share and Core Funds from Operations (Core FFO) of $1.28 per diluted share. Prologis' strategic approach and financial prudence ensure its capability to navigate diverse market conditions and sustain long-term growth.
Prologis continually engages with investors and the broader market through initiatives such as its annual Investor Forum and quarterly earnings calls. For instance, the company plans to host its next webcast and conference call on April 17, 2024, to discuss its first quarter results and future outlook.
In addition to its core operations, Prologis is pioneering in the realm of electric vehicle (EV) infrastructure. The company recently launched Southern California’s largest heavy-duty EV charging depot, capable of charging up to 96 trucks simultaneously. This project underscores Prologis' commitment to innovative solutions and environmental sustainability, aiding in the transition to zero-emission transportation.
Prologis (NYSE: PLD) reported strong Q4 2024 results with net earnings per diluted share at $1.37, up 101.5%, and Core FFO per share at $1.50, increasing 19.0%. For full-year 2024, net earnings per share reached $4.01, up 21.9%, while Core FFO per share slightly decreased by 0.9% to $5.56.
The company demonstrated solid operational performance with Q4 average occupancy at 95.8%, cash same store NOI at 6.7%, and net effective rent change of 66.3%. Deployment activity included $384M in acquisitions and $827M in development stabilizations during Q4. The company maintains strong financial position with $7.4B in available liquidity and a debt-to-EBITDA ratio of 4.6x.
For 2025, Prologis projects net earnings per share of $3.45-$3.70 and Core FFO per share of $5.65-$5.81, with average occupancy expected between 94.50-95.50%.
Prologis (NYSE: PLD), the global leader in logistics real estate, has scheduled its fourth quarter 2024 results announcement for January 21, 2025. The company will host a webcast and conference call with senior management at 9:00 a.m. PT/12:00 p.m. ET to discuss quarterly results, current market conditions, and future outlook. Investors can access the live broadcast via phone or webcast through the company's Investor Relations website. A replay will be available until February 4 through both telephone and web platforms.
Prologis (NYSE: PLD) has sold a data center development in Chicago to HMC Capital. The facility, developed in partnership with Skybox Datacenters, is a converted warehouse with 32 megawatts capacity. Prologis has secured 1.6 gigawatts of power globally, with an additional 1.4 GW in advanced procurement stages.
The company has 490 MW under construction and has completed 29 data center projects since 1999. Looking ahead, Prologis plans to develop approximately 20 data center opportunities with $7-8 billion in additional investment over the next four years. The project is part of the company's U.S. Logistics Fund (USLF), focusing on premier logistics real estate and higher-use conversions.
Prologis (NYSE: PLD) has announced its quarterly dividend declarations. The company will pay a regular cash dividend of $0.96 per share on common stock and $1.0675 per share on its 8.54% Series Q Cumulative Redeemable Preferred Stock. Both dividends will be paid on December 31, 2024, to stockholders of record as of December 16, 2024.
Prologis (NYSE: PLD) reported strong Q3 2024 results, with net earnings per diluted share increasing 35.0% to $1.08. Core FFO per diluted share rose 10.0% to $1.43. The company highlighted an ongoing flight to quality within the industry and improving supply conditions. Key operational metrics include:
- Average occupancy of 95.9% for owned & managed properties
- Cash Same Store NOI growth of 7.2%
- Net effective rent change of 67.8%
- Development starts of $392M with an estimated weighted average yield of 9.0%
Prologis revised its 2024 guidance, narrowing the range for net earnings to $3.35-$3.45 per diluted share and Core FFO to $5.42-$5.46 per diluted share. The company maintains a strong balance sheet with $6.6 billion in total available liquidity and a debt-to-EBITDA ratio of 5.1x.
Prologis (NYSE: PLD) hosted its fourth annual GROUNDBREAKERS thought leadership forum in London, featuring discussions on artificial intelligence, company culture, and global economic trends. The event included keynotes from Prologis CEO Hamid R. Moghadam and FedEx Chairman Fred Smith, who emphasized the importance of digitizing data for AI success and fostering a culture of innovation.
Panel discussions covered various topics, including:
- The future of delivery and optimizing infrastructure
- Changing consumer expectations in the fashion industry
- Healthcare innovation and automation
- Energy challenges, electrification, and decarbonization
The forum attracted hundreds of in-person attendees and thousands of virtual participants. All sessions are available for on-demand streaming, and the next GROUNDBREAKERS event is scheduled for October 2, 2025, in Los Angeles.
Prologis has released its inaugural 2025 Global Supply Chain Outlook report, conducted by The Harris Poll. The survey of over 1,000 business executives in the U.S., U.K., and Germany reveals key insights into supply chain challenges and future trends:
1. Supply Chain Pressures: 66% of executives lose sleep over supply chain issues, with 86% citing economic and geo-political pressures as driving factors in manufacturing and storage decisions.
2. Sustainability Focus: 85% of executives now view sustainability as a core business objective, with 79% feeling the need to accelerate the transition to alternative energy sources.
3. Automation and AI: 87% of executives believe investing in automation will significantly reduce labor-related issues. 80% feel pressure to adopt AI practices to stay competitive, despite implementation challenges.
4. Future Preparedness: Only about 40% of executives feel adequately prepared for challenges like cybersecurity attacks, technological disruptions, and regulatory changes.
The report highlights the growing importance of sustainability, automation, and AI in shaping the future of supply chain management.
Prologis, Inc. (NYSE: PLD) is celebrating the 20th anniversary of its U.S. Logistics Fund (USLF), a private flagship investment fund with $24 billion in assets under management. Since its inception in 2004, USLF has consistently delivered high returns and played a important role in the growth of logistics investments across the United States.
Key highlights of USLF's performance include:
- Strong outperformance with low leverage
- Average operating occupancy of 96.8% over the past 10 years
- Attracted 127 institutional investors from 15 countries
- Funded $2.9 billion in redemption requests
- Expanded from 4.5 MSF in 8 markets to over 125 MSF in 28 markets
USLF remains positioned for future growth, focusing on high-value logistics centers in key U.S. hubs and investing in innovative technologies to enhance its portfolio.
Prologis (NYSE: PLD), the global leader in logistics real estate, has announced it will host a webcast and conference call to discuss its third quarter 2024 results on Wednesday, October 16, 2024, at 9:00 a.m. PT/12:00 p.m. ET. The event will feature senior management discussing the company's performance, current market conditions, and future outlook.
Interested parties can access the live broadcast by dialing +1 (877) 897-2615 (toll-free from the US and Canada) or +1 (201) 689-8514 (from other countries). A live webcast will be available on the Investor Relations section of www.prologis.com. A telephonic replay will be accessible from October 16 to October 30, while the webcast replay will be posted on the company's website under 'Events & Presentations'.
Prologis, the global leader in logistics real estate, announced its participation in the BofA Securities 2024 Global Real Estate Conference. Tim Arndt, the company's chief financial officer, will present at the event on Tuesday, September 10, at 12:45 p.m. ET. The presentation will take place at the Bank of America Tower in New York City.
Investors and interested parties can access a live audio webcast of Prologis' presentation through the company's investor relations website. This event provides an opportunity for Prologis to showcase its position in the logistics real estate market and share insights with industry professionals and potential investors.
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