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, Inc. (NYSE: PLD) will host a webcast and conference call on January 26, 2021, at 9:00 a.m. PT/12:00 p.m. ET to discuss its fourth quarter results, current market conditions, and future outlook. Investors can access the live call by dialing +1 (833) 968-2252 or via webcast on www.prologis.com. A telephonic replay will be available from January 26-February 2. As of September 30, 2020, Prologis owned or invested in properties totaling approximately 976 million square feet in 19 countries.
Prologis, Inc. (NYSE: PLD) announced a $0.58 per share cash dividend for Q4 2020, payable on December 31, 2020, to stockholders of record by December 18, 2020. Additionally, a dividend of $1.0675 per share of its 8.54% Series Q Cumulative Redeemable Preferred Stock will also be paid on the same date. Prologis, a leader in logistics real estate, manages approximately 976 million square feet of properties across 19 countries, emphasizing on high-barrier, high-growth markets.
Prologis, a leader in logistics real estate, announced that Thomas S. Olinger, CFO, will participate in the Goldman Sachs 2020 US Financial Services Conference on December 9, 2020, at 1:20 p.m. ET. Olinger will present a company overview, discuss market conditions, and provide insights on future outlooks, followed by a Q&A session. The event will be available for live streaming, accessible via a webcast for 90 days. As of September 30, 2020, Prologis owned or invested in properties totaling approximately 976 million square feet across 19 countries.
Prologis, Inc. (NYSE: PLD) announced the redemption of all outstanding 3.00% Notes due January 18, 2022. The bonds will be redeemed at 106.56% of the principal amount, totaling approximately €1,066 per €1,000 in principal. This redemption will lead to the delisting of the bonds from the New York Stock Exchange, effective December 30, 2020. The company currently operates in 19 countries, managing properties totaling approximately 976 million square feet.
Prologis, Inc. (NYSE: PLD) announced that CFO Thomas S. Olinger will present at REITWorld 2020: NAREIT's Virtual Investor Conference on November 17, 2020, at 3:45 p.m. ET. The presentation lasts 30 minutes, and registration for the event is complimentary. Prologis is a leader in logistics real estate, managing approximately 976 million square feet of properties in 19 countries as of September 30, 2020. The firm serves about 5,500 customers in sectors including business-to-business and retail fulfillment.
Prologis (NYSE: PLD), a leader in logistics real estate, has successfully sold a portfolio of assets in the UK to Blackstone for £473 million ($618 million). This transaction marks the largest sale of logistics real estate in the UK to date and aligns with Prologis' strategic focus on key distribution locations. The portfolio includes 22 buildings totaling 4.3 million square feet and 31 acres of consented development land. The sale contributes to the company's 2020 disposition guidance of $1.3 to $1.5 billion.
Prologis (NYSE: PLD) reported third-quarter 2020 earnings with net earnings per diluted share at $0.40, down from $0.71 in Q3 2019. Core FFO was $0.90, compared to $0.97 year-over-year. The company recorded a period-end occupancy of 95.6% and a 72.8% lease retention rate, declining 810 basis points from Q2 2020. Revenue growth was driven by a 25.9% net effective rent change, led by a 30.7% increase in the U.S. Prologis anticipates improved guidance for 2020, projecting a Core FFO growth of 13.7% year-over-year and free cash flow after dividends at $1.1 billion.
Prologis, Inc. (NYSE: PLD), a leader in logistics real estate, will host a conference call on October 20, 2020, at 9:00 a.m. PT to discuss its third quarter results and market outlook. Interested parties can join by dialling +1 (833) 968-2252 or +1 (778) 560-2807 for international access. The call will also be available via webcast on Prologis' Investor Relations page. As of June 30, 2020, Prologis operated around 963 million square feet of properties across 19 countries.
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