Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 984 million square feet (91 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.
IPO Year:
Exchange: NYSE
Website: prologis.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/12/2024 | $128.00 | Buy → Neutral | BofA Securities |
8/5/2024 | $124.00 → $127.00 | Outperform → Sector Perform | RBC Capital Mkts |
4/22/2024 | $145.00 → $112.00 | Outperform → Market Perform | BMO Capital Markets |
3/18/2024 | $136.00 | Outperform → In-line | Evercore ISI |
12/18/2023 | $123.00 → $148.00 | Neutral → Overweight | JP Morgan |
12/5/2023 | $140.00 → $125.00 | Buy → Neutral | Mizuho |
7/20/2023 | $141.00 | Neutral → Outperform | Exane BNP Paribas |
3/21/2023 | $147.00 | Buy | Goldman |
3/20/2023 | $140.00 | Buy | Mizuho |
12/16/2022 | $124.00 → $130.00 | Overweight → Neutral | JP Morgan |
SAN FRANCISCO, Sept. 5, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced that Tim Arndt, chief financial officer, will present at the BofA Securities 2024 Global Real Estate Conference at the Bank of America Tower in New York City on Tuesday, September 10, at 12:45 p.m. ET. Prologis' presentation will broadcast live via audio webcast and can be accessed on https://ir.prologis.com/events-and-presentations. ABOUT PROLOGISPrologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At June 30, 2024, the company owned or had investments in, on a wholly owned basis or through co-investmen
SAN FRANCISCO, Sept. 3, 2024 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD) declared a regular cash dividend for the quarter ending September 30, 2024, on the following securities: A dividend of $0.96 per share of the company's common stock, payable on September 30, 2024, to common stockholders of record at the close of business on September 16, 2024; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on September 30, 2024, to Series Q stockholders of record at the close of business on September 16, 2024.ABOUT PROLOGISPrologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, h
SAN FRANCISCO, Aug. 19, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced that Ted Eliopoulos is joining the company as managing director, Strategic Capital. A seasoned and respected investment management executive, Eliopoulos will help Prologis continue to grow its private investment business, bringing years of experience and deep expertise. Eliopoulos will work closely with Karsten Kallevig, global head of Strategic Capital. Both leaders will report to Dan Letter, Prologis' global president. "Ted brings a tremendous a
SAN FRANCISCO, Aug. 6, 2024 /PRNewswire/ -- FIBRA Prologis today closed on its tender offer to acquire shares of FIBRA Terrafina with 77.14% of all shares under FIBRA Prologis control. Prologis, Inc. (NYSE:PLD), the global leader of logistics real estate, sponsors FIBRA Prologis, which acquires, owns and manages Class-A industrial real estate in Mexico's most desirable economic markets. FIBRA Terrafina manages approximately 42.2 million square feet of industrial real estate across several key markets, which includes 288 industrial warehouses and 4 land bank properties. As of June 30, 2024, FIBRA Prologis was comprised of 236 logistics and manufacturing facilities in six industrial markets in
Demand improves amid uncertain macroeconomic environment SAN FRANCISCO, July 17, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today reported second quarter results for 2024. Net earnings per diluted share was $0.92 for the second quarter of 2024 compared with $1.31 for the second quarter of 2023. The results for the second quarter of 2023 include $0.58 per diluted share attributable to Net Promote Income from our Strategic Capital business, while the results for the same period in 2024 include Net Promote Expense. Core funds from operations (Core FFO)* per diluted share was $1.34 for the second quarter of 2024, compared with $1.83 for the same p
SAN FRANCISCO, June 27, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, will host a webcast and conference call with senior management to discuss second quarter results, current market conditions and future outlook on Wednesday, July 17, 2024, at 9:00 a.m. PT/12:00 p.m. ET. To access a live broadcast of the call, please dial +1 (877) 897-2615 (toll-free from the United States and Canada) or +1 (201) 689-8514 (from all other countries). A live webcast can be accessed from the Investor Relations section of www.prologis.com. A telephonic replay will be available July 17 – July 31 at +1 (877) 660-6853 (from the United States and Canada) or +1 (201) 612
SAN FRANCISCO, May 28, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced that Hamid Moghadam, co-founder, chairman and CEO, and Dan Letter, president are scheduled to participate in the Bernstein 40th Annual Strategic Decisions Conference in New York, NY. Moghadam will present on Thursday, May 30, at 1:30 p.m. ET/10:30 a.m. PT. Additionally, Dan Letter and Tim Arndt, chief financial officer, will participate and present at REITWeek 2024: NAREIT's Investor Forum at the Hilton New York Midtown in New York, NY. The presentation will occur on Wednesday, June 5, at 10:15 a.m. ET/7:15 a.m. PT. Both of Prologis' presentations will broadcast
The 9 MW depot can charge 96 heavy-duty trucks simultaneously; project built in just five months through creative, collaborative partnership. LOS ANGELES, May 23, 2024 /PRNewswire/ -- In a significant step toward building out California's infrastructure for clean transportation, Prologis, Inc. (NYSE:PLD) and Performance Team – A Maersk Company, announced today the launch of Southern California's largest heavy-duty electric vehicle (EV) charging depot, located near the Ports of Los Angeles and Long Beach and powered by the nation's largest EV truck microgrid. Located directly off the Harbor (110) Freeway in Los Angeles on Denker Avenue, and within five miles of Interstate 405 and California S
Briones and Carey to join company's executive committee on Jan. 1, 2025 SAN FRANCISCO, May 22, 2024 /PRNewswire/ -- Prologis (NYSE:PLD) today announced Ed Nekritz and Colleen McKeown will retire as chief legal officer and chief human resources officer, effective January 1, 2025. Current Deputy General Counsel Deborah Briones and Senior Vice President of Human Resources Nathaalie Carey will succeed Nekritz and McKeown. Nekritz and McKeown will continue to serve as senior advisors to the company in 2025. These changes are part of the company's long-term and ongoing succession planning.
SAN FRANCISCO, May 9, 2024 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD) declared a regular cash dividend for the quarter ending June 30, 2024, on the following securities: A dividend of $0.96 per share of the company's common stock, payable on June 28, 2024, to common stockholders of record at the close of business on June 17, 2024; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on July 1, 2024, to Series Q stockholders of record at the close of business on June 17, 2024.ABOUT PROLOGISPrologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March
Prologis (NYSE:PLD) has outperformed the market over the past 15 years by 1.31% on an annualized basis producing an average annual return of 13.58%. Currently, Prologis has a market capitalization of $118.05 billion. Buying $100 In PLD: If an investor had bought $100 of PLD stock 15 years ago, it would be worth $664.26 today based on a price of $127.50 for PLD at the time of writing. Prologis's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed
Argus Research analyst Marie Ferguson maintains Prologis (NYSE:PLD) with a Buy and raises the price target from $120 to $135.
Evercore ISI Group analyst Steve Sakwa maintains Prologis (NYSE:PLD) with a In-Line and raises the price target from $119 to $123.
Prologis, Inc. (NYSE:PLD) shares are trading higher after the company reported second-quarter FY24 results. Rental revenue of $1.85 billion missed the consensus estimates of $1.875 billion. The company’s average occupancy stood at 96.1%, with a leased 39.6MSF operating portfolio and a 7.0MSF development portfolio. Core funds from operations per diluted share were $1.34, lower than $1.83 a year ago but above the consensus of $1.33. During the quarter, Prologis and its co-investment ventures issued an aggregate of $1.2 billion of debt at a weighted average interest rate of 4.4% and a weighted average term of 10.9 years. As of June-end, debt as a percentage of total market capitali
Prologis (NYSE:PLD) reported quarterly earnings of $1.34 per share which beat the analyst consensus estimate of $1.33 by 0.75 percent. The company reported quarterly sales of $2.008 billion which beat the analyst consensus estimate of $1.875 billion by 7.10 percent. This is a 21.55 percent increase over sales of $1.652 billion the same period last year.
13 analysts have expressed a variety of opinions on Prologis (NYSE:PLD) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 5 5 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 1 0 0 3M Ago 3 4 3 0 0 Analysts have recently evaluated Prologis and provided 12-month price targets. The average target is $125.0, accompanied by a high estimate of $140.00 and a low estimate of $112.00. This current
President Biden will unveil a new proposal in Nevada on Tuesday to cap rental costs nationwide, according to three people familiar with the matter, as he works to assuage Democratic concerns about the viability of his candidacy while the Republican convention gets underway.Biden's plan — which would need to be approved by Congress — calls for stripping a tax benefit from landlords who increase their tenants' rent more than 5 percent per year, the people said. The measure would only apply to landlords who own more than 50 units, which represents roughly half of all rental properties, the people said. It wouldn't cover units that have not yet been built, in an attempt to ensure that the policy
BMO Capital analyst John Kim reiterates Prologis (NYSE:PLD) with a Market Perform and maintains $115 price target.
Prologis (NYSE:PLD) has outperformed the market over the past 15 years by 1.17% on an annualized basis producing an average annual return of 13.75%. Currently, Prologis has a market capitalization of $111.18 billion. Buying $100 In PLD: If an investor had bought $100 of PLD stock 15 years ago, it would be worth $665.69 today based on a price of $120.09 for PLD at the time of writing. Prologis's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed
Briones and Carey to join company's executive committee on Jan. 1, 2025 SAN FRANCISCO, May 22, 2024 /PRNewswire/ -- Prologis (NYSE:PLD) today announced Ed Nekritz and Colleen McKeown will retire as chief legal officer and chief human resources officer, effective January 1, 2025. Current Deputy General Counsel Deborah Briones and Senior Vice President of Human Resources Nathaalie Carey will succeed Nekritz and McKeown. Nekritz and McKeown will continue to serve as senior advisors to the company in 2025. These changes are part of the company's long-term and ongoing succession planning.
SAN FRANCISCO, May 4, 2023 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD) today declared a regular cash dividend for the quarter ending June 30, 2023 on the following securities: A dividend of $0.87 per share of the company's common stock, payable on June 30, 2023, to common stockholders of record at the close of business on June 16, 2023; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on June 30, 2023, to Series Q stockholders of record at the close of business on June 16, 2023.Annual Meeting Results The following proposals were approved at the company's 2023 annual stockholder meeting: Our stockholders
SAN FRANCISCO, May 4, 2022 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD) declared a regular cash dividend for the quarter ending June 30, 2022, on the following securities: A dividend of $0.79 per share of the company's common stock, payable on June 30, 2022, to common stockholders of record at the close of business on June 16, 2022; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on June 30, 2022, to Series Q stockholders of record at the close of business on June 17, 2022.ANNUAL MEETING RESULTSThe following proposals were approved at the company's 2022 annual stockholder meeting: Elect 11 directors to o
SAN FRANCISCO, April 30, 2021 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD), today announced that the following proposals were approved at the company's 2021 annual stockholder meeting: Elect 11 directors to our Board to serve until the next annual meeting of stockholders and until their successors are duly elected and qualified. Ratify the appointment of KPMG LLP as our independent registered public accounting firm for the year 2021.Our stockholders elected Hamid R. Moghadam (chairman), Cristina G. Bita, George L. Fotiades, Lydia H. Kennard, Irving F. Lyons III, Avid Modjtabai, David P. O'Connor, Olivier Piani, Jeffrey L. Skelton, Carl B. Webb and William D. Zollars as
BofA Securities downgraded Prologis from Buy to Neutral and set a new price target of $128.00
RBC Capital Mkts downgraded Prologis from Outperform to Sector Perform and set a new price target of $127.00 from $124.00 previously
BMO Capital Markets downgraded Prologis from Outperform to Market Perform and set a new price target of $112.00 from $145.00 previously
Evercore ISI downgraded Prologis from Outperform to In-line and set a new price target of $136.00
JP Morgan upgraded Prologis from Neutral to Overweight and set a new price target of $148.00 from $123.00 previously
Mizuho downgraded Prologis from Buy to Neutral and set a new price target of $125.00 from $140.00 previously
Exane BNP Paribas upgraded Prologis from Neutral to Outperform and set a new price target of $141.00
Goldman resumed coverage of Prologis with a rating of Buy and set a new price target of $147.00
Mizuho initiated coverage of Prologis with a rating of Buy and set a new price target of $140.00
JP Morgan downgraded Prologis from Overweight to Neutral and set a new price target of $130.00 from $124.00 previously
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SAN FRANCISCO, Sept. 3, 2024 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD) declared a regular cash dividend for the quarter ending September 30, 2024, on the following securities: A dividend of $0.96 per share of the company's common stock, payable on September 30, 2024, to common stockholders of record at the close of business on September 16, 2024; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on September 30, 2024, to Series Q stockholders of record at the close of business on September 16, 2024.ABOUT PROLOGISPrologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, h
SAN FRANCISCO, Aug. 6, 2024 /PRNewswire/ -- FIBRA Prologis today closed on its tender offer to acquire shares of FIBRA Terrafina with 77.14% of all shares under FIBRA Prologis control. Prologis, Inc. (NYSE:PLD), the global leader of logistics real estate, sponsors FIBRA Prologis, which acquires, owns and manages Class-A industrial real estate in Mexico's most desirable economic markets. FIBRA Terrafina manages approximately 42.2 million square feet of industrial real estate across several key markets, which includes 288 industrial warehouses and 4 land bank properties. As of June 30, 2024, FIBRA Prologis was comprised of 236 logistics and manufacturing facilities in six industrial markets in
Demand improves amid uncertain macroeconomic environment SAN FRANCISCO, July 17, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today reported second quarter results for 2024. Net earnings per diluted share was $0.92 for the second quarter of 2024 compared with $1.31 for the second quarter of 2023. The results for the second quarter of 2023 include $0.58 per diluted share attributable to Net Promote Income from our Strategic Capital business, while the results for the same period in 2024 include Net Promote Expense. Core funds from operations (Core FFO)* per diluted share was $1.34 for the second quarter of 2024, compared with $1.83 for the same p
SAN FRANCISCO, June 27, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, will host a webcast and conference call with senior management to discuss second quarter results, current market conditions and future outlook on Wednesday, July 17, 2024, at 9:00 a.m. PT/12:00 p.m. ET. To access a live broadcast of the call, please dial +1 (877) 897-2615 (toll-free from the United States and Canada) or +1 (201) 689-8514 (from all other countries). A live webcast can be accessed from the Investor Relations section of www.prologis.com. A telephonic replay will be available July 17 – July 31 at +1 (877) 660-6853 (from the United States and Canada) or +1 (201) 612
SAN FRANCISCO, May 9, 2024 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD) declared a regular cash dividend for the quarter ending June 30, 2024, on the following securities: A dividend of $0.96 per share of the company's common stock, payable on June 28, 2024, to common stockholders of record at the close of business on June 17, 2024; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on July 1, 2024, to Series Q stockholders of record at the close of business on June 17, 2024.ABOUT PROLOGISPrologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March
Positive Long-Term Outlook Amid Near-Term Macroeconomic Uncertainty SAN FRANCISCO, April 17, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today reported first quarter results for 2024. Net earnings per diluted share was $0.63 for the first quarter of 2024 compared with $0.50 for the first quarter of 2023. Core funds from operations (Core FFO)* per diluted share was $1.28 for the first quarter of 2024, compared with $1.22 for the same period in 2023. Core FFO, excluding Net Promote Income (Expense)* per diluted share for the first quarter of 2024 was $1.31 compared with $1.23 for the first quarter of 2023. "While operating conditions are health
SAN FRANCISCO, March 19, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, will host a webcast and conference call with senior management to discuss first quarter results, current market conditions and future outlook on Wednesday, April 17, 2024, at 9:00 a.m. PT/12:00 p.m. ET. To access a live broadcast of the call, please dial +1 (877) 897-2615 (toll-free from the United States and Canada) or +1 (201) 689-8514 (from all other countries). A live webcast can be accessed from the Investor Relations section of www.prologis.com. A telephonic replay will be available April 17 – May 1 at +1 (877) 660-6853 (from the United States and Canada) or +1 (201) 612
SAN FRANCISCO, Feb. 22, 2024 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD) today approved a plan to raise the company's annualized dividend by 10% to $3.84 per share of common stock. The board declared a regular cash dividend for the quarter ending March 31, 2024, on the following securities: A dividend of $0.96 per share of the company's common stock, payable on March 29, 2024, to common stockholders of record at the close of business on March 18, 2024; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on April 1, 2024, to Series Q stockholders of record at the close of business on March 18, 2024.ABOUT PRO
SAN FRANCISCO, Jan. 26, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced the tax treatment of its 2023 distributions. Exhibits A and B reflect the tax treatment of distributions per share of Prologis, Inc. common and preferred stock, respectively, as prescribed by the Internal Revenue Code. Persons who held shares of common stock of Prologis, Inc. in their name at any time during 2023 will receive an IRS Form 1099-DIV via Computershare, Prologis' transfer agent. Persons who held shares in "street name" during 2023 should note that the Form 1099-DIV will be provided by a bank, brokerage firm or nominee. Additional information herein
Fourth consecutive year of double-digit earnings growth; expects strong 2024 SAN FRANCISCO, Jan. 17, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today reported fourth quarter results for 2023. Net earnings per diluted share was $0.68 for the fourth quarter of 2023 compared with $0.63 for the fourth quarter of 2022. Net earnings per diluted share for the year ended December 31, 2023 was $3.29, compared with $4.25 for the prior year. Core funds from operations (Core FFO)* per diluted share was $1.26 for the fourth quarter of 2023, compared with $1.24 for the same period in 2022. Core FFO, excluding Net Promote Income (Expense)* per diluted share
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