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 reported strong fourth quarter and full-year 2021 results, with net earnings per diluted share of $1.67 and Core FFO of $1.12 for Q4, up from $0.38 and $0.95 in 2020. The company maintained an average occupancy rate of 97.4% and significant net effective rent changes of 33.0%. For 2022, Prologis projects net earnings guidance of $4.40 to $4.55 and Core FFO of $5.00 to $5.10. It also ranks as the top REIT in the 2022 Global 100 Most Sustainable Corporations list.
Prologis, Inc. (NYSE: PLD) will hold a conference call on January 19, 2022, at 9:00 a.m. PT to discuss its fourth quarter results and market conditions. Investors can join the call by dialing +1 (888) 330-2502 or accessing the live webcast via the Prologis Investor Relations website. A replay of the call will be available from January 19 to February 2. Prologis is a leader in logistics real estate, with approximately 994 million square feet of properties across 19 countries, serving over 5,500 customers.
Prologis, Inc. (NYSE: PLD) announced a $0.63 cash dividend per share for common stockholders, payable on December 31, 2021. Stockholders of record as of December 14, 2021 will receive this dividend. Additionally, a dividend of $1.0675 per share will be distributed for the 8.54% Series Q Cumulative Redeemable Preferred Stock, also payable on December 31, 2021. Prologis is a leader in logistics real estate, managing properties across 19 countries with an investment footprint of approximately 994 million square feet.
Prologis, Inc. (NYSE: PLD) has received the inaugural Terra Carta Seal from HRH The Prince of Wales, recognizing its commitment to sustainability. This honor highlights Prologis' efforts in sustainable logistics, including a goal for 100% carbon-neutral construction by 2025 and a target of 400 megawatts of solar capacity. The Terra Carta Seal is awarded to only 45 companies globally for demonstrating innovative sustainability practices. Prologis aims to achieve green certification for all new developments, emphasizing its leadership in environmentally friendly logistics real estate.
Employ Prince George's has launched the Transportation and Logistics Consortium (TALC) Industry Bridge Program in partnership with Prologis and Jobs for the Future (JFF). This initiative aims to equip residents of the DMV area with skills for careers in the transportation, distribution, and logistics sectors. With a projected 29% growth in logistics jobs by 2022, TALC offers both in-person and online training, addressing local driver shortages while compensating participants $15-$20 per hour for up to 35 hours weekly.
On October 27, 2021, Prologis, Inc. (NYSE: PLD) held its inaugural event, 'Groundbreakers 2021,' addressing supply chain challenges like transportation innovation and renewable energy. The event featured discussions with industry leaders, including UPS CEO Carol Tomé and Prologis CEO Hamid Moghadam. Prologis also launched the GROUNDBREAKERS magazine, showcasing 14 influential figures reshaping global logistics. As of September 30, 2021, Prologis owned or invested in properties totaling approximately 994 million square feet across 19 countries, serving around 5,500 customers.
Prologis, Inc. (NYSE: PLD) highlights a logistics crisis in a recent report due to low logistics space, a slowdown in goods flow, and rising construction costs. The company notes record U.S. net absorption of 115 million square feet in Q3 2021, driving vacancy rates down to 3.9%. Prologis anticipates increasing demand for logistics real estate, with 800 million square feet needed to address future shortages. Upcoming discussions at their event will cover supply chain, transportation, and workforce challenges, featuring industry leaders and innovative solutions for a resilient supply chain.
Prologis reported a significant increase in its Q3 2021 earnings, with net earnings per diluted share rising to $0.97 from $0.40 in Q3 2020. Core funds from operations (Core FFO) per diluted share improved to $1.04 from $0.90. The company experienced record rent increases and low vacancies, with an occupancy rate of 96.6%. Additionally, Prologis revised its 2021 earnings guidance upward, projecting net earnings between $3.64 and $3.68 per diluted share, reflecting a 17.7% increase. Its liquidity remains strong, with $5.5 billion in cash available.
Prologis, Inc. (NYSE: PLD) will host a conference call on October 15, 2021, to discuss its third-quarter results and market outlook at 9:00 a.m. PT.
Interested parties can access the call at +1 (833) 968-2252 in the U.S. and +1 (778) 560-2807 internationally, using conference code 1931016. A virtual analyst webinar is scheduled for October 18, 2021, at 7:00 a.m. PT, focusing on the company's development strategies. Prologis is a leader in logistics real estate, managing properties totaling approximately 995 million square feet globally.
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