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 April 19, 2022, at 9:00 a.m. PT to discuss its first quarter results, market conditions, and future outlook. Investors can access the live call by dialing +1 (888) 330-2502 or joining via the company’s website. A replay will be available from April 19 to May 3. Prologis, a leader in logistics real estate, manages approximately 1 billion square feet of properties across 19 countries, serving around 5,800 customers in business-to-business and retail sectors.
Prologis, Inc. (NYSE: PLD), a leader in logistics real estate, is set to host its annual stockholders meeting on May 4, 2022, at 1:30 p.m. PT / 4:30 p.m. ET. The meeting will be accessible via a virtual live webcast for stockholders of record as of March 7, 2022. A replay will be available on the Investor Relations section of www.prologis.com. As of December 31, 2021, Prologis managed properties totaling approximately 1.0 billion square feet across 19 countries, catering to around 5,800 customers.
Prologis, a leader in logistics real estate, announced that co-founder and CEO Hamid R. Moghadam, CFO Thomas S. Olinger, and incoming CFO Timothy D. Arndt will participate in the Citi 2022 Global Property CEO Conference on March 7 at 9:45 a.m. ET. The event will feature a company overview, market discussions, and a Q&A session. Investors can access the live broadcast and presentation materials via the Prologis website.
As of December 31, 2021, Prologis operated approximately 1.0 billion square feet of properties across 19 countries, serving around 5,800 customers.
Prologis, Inc. (NYSE: PLD) has announced a 25% increase in its annualized dividend to $3.16 per share. The quarterly cash dividend for the period ending March 31, 2022, is set at $0.79 per share for common stockholders, payable on March 31, 2022. The decision reflects the company’s strong organic growth and ongoing confidence in future earnings potential. This boost is attributed to robust same store NOI and earnings from strategic capital deployments, positioning the company for durable growth.
Prologis (NYSE: PLD) announced Tim Arndt as its new CFO, effective April 1, 2022, succeeding Tom Olinger, who is retiring. Olinger has contributed significantly to Prologis, expanding its scale and presence in the S&P 500. Arndt, a seasoned finance leader with Prologis since 2004, is expected to drive long-term shareholder value. His responsibilities will cover corporate finance, treasury, financial planning, and investor relations. Olinger will assist with the transition through the end of the year while pursuing philanthropic activities post-retirement.
Prologis, Inc. (NYSE: PLD) announced the tax treatment for its 2021 distributions, detailing both common and preferred stock dividends. Shareholders will receive IRS Form 1099-DIV from Computershare. The document outlines cash distributions for common shares, including dividends of $0.630 per share, with ordinary taxable income at $0.611877. Preferred shares also received distributions, totaling $1.0675 per share. The company emphasizes consulting tax advisors due to variations in taxation.
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.
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