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) announced the tax treatment of its 2022 distributions in a recent press release. Shareholders will receive IRS Form 1099-DIV from Computershare or their respective brokers. Key details include cash distributions of $0.79 per share paid quarterly, with $0.7691 classified as ordinary taxable income. Prologis also reported that the federal tax return for 2022 has not been filed yet, advising shareholders to consult tax advisors for accurate reporting. The preferred stock distributions are similarly detailed, emphasizing the importance of tax implications for both common and preferred shareholders.
Prologis, Inc. (NYSE: PLD) reported its 2022 financial results, highlighting robust performance despite economic challenges. For Q4 2022, net earnings per diluted share decreased to $0.63 from $1.67 in Q4 2021, while full-year earnings rose to $4.25 from $3.94. Core funds from operations (Core FFO) also grew, reaching $1.24 per diluted share in Q4 2022, up from $1.12 in Q4 2021, and $5.16 for the year versus $4.15 previously. Prologis anticipates a Core FFO growth of 9.5% in 2023, indicating confidence in its ability to navigate the current economic landscape. The company enters 2023 with $4 billion in liquidity and plans significant capital deployments.
Prologis announced the promotion of Scott Marshall to chief customer officer, effective April 1, 2023, following the retirement of Mike Curless, who will transition to a senior advisor role. Marshall, previously the global head of Customer Led Solutions, is expected to enhance customer relationships and leverage data-driven insights. Prologis, the largest logistics real estate provider, operates over 1.2 billion square feet of properties and aims to deepen connections with customers while addressing sustainability needs.
Prologis, Inc. (NYSE: PLD), a leader in logistics real estate, will host a webcast and conference call on January 18, 2023, at 9:00 a.m. PT to discuss its fourth quarter results, current market trends, and future outlook. Investors can join the call by dialing +1 (877) 897-2615 or via a webcast at www.prologis.com. This session will provide insights into Prologis's performance and strategies as of September 30, 2022, when the company managed properties totaling approximately 1.0 billion square feet across 19 countries.
Prologis (NYSE: PLD) announced a study with Oxford Economics detailing its economic impact. In 2022, 2.8% of global GDP flowed through Prologis properties, totaling $2.7 trillion in goods — a 23% rise from 2020. The study highlighted that Prologis is responsible for 36.2% of goods consumption in the U.S. and generated $66 billion in tax impacts from $300 billion in economic activity across 19 countries. The report emphasizes Prologis's essential role in global logistics and supply chains, particularly following its recent acquisition of Duke Realty.
The Board of Directors of Prologis, Inc. (NYSE: PLD) has declared a cash dividend of $0.79 per share for common stock, payable on December 30, 2022, to stockholders on record by December 19, 2022. Additionally, a dividend of $1.0675 per share for the 8.54% Series Q Preferred Stock will be paid on January 3, 2023. As of September 30, 2022, Prologis owned or invested in approximately 1.0 billion square feet of logistics properties across 19 countries.
Prologis, Inc. (NYSE: PLD) has launched two major electric truck charging sites to assist Performance Team in electrifying its commercial fleet. Located in Southern California, these installations will charge up to 38 Volvo VNR Electric trucks with over 4 megawatts of capacity. The Prologis Mobility platform provides a seamless, cost-effective solution, enabling clients to focus on sustainability without upfront costs. California aims for all heavy-duty trucks to be zero-emissions by 2045, prompting logistics firms to adopt similar goals. This initiative underlines Prologis's commitment to supporting the logistics industry's transition to electric vehicles.
Prologis hosted its annual GROUNDBREAKERS forum on October 25, 2022, in New York, gathering leaders in logistics and supply chain transformation. The event emphasized the need for customer-centric, sustainable solutions in the global supply chain. Discussions included technology investments for growth, the importance of ESG commitments, and the future of clean energy. Prologis owns approximately 1.0 billion square feet of logistics real estate across 19 countries, serving around 5,800 customers.
Prologis, Inc. (NYSE: PLD) reported a strong Q3 2022, with net earnings per diluted share at $1.36, rising from $0.97 in Q3 2021. Core FFO per diluted share also increased to $1.73, compared to $1.04 a year earlier. The company’s acquisition of Duke Realty, completed on October 3, is expected to enhance growth despite a cautious outlook due to economic conditions. Prologis lowered its 2022 earnings guidance to between $4.25 and $4.30 per share, reflecting a 17.8% decrease. Their balance sheet remains strong with $5.3 billion in liquidity.
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