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Prologis (PLD) Rewards Investors With a 10.3% Dividend Hike
Zacks Investment Research· 2024-02-23 17:51
Boosting shareholders’ wealth, Prologis, Inc. (PLD) recently announced a 10.3% hike in its quarterly cash dividend to 96 cents per share from 87 cents paid out in the prior quarter. The increased dividend will be paid out on Mar 29 to shareholders of record as of Mar 18, 2024.The latest dividend rate marks an annualized amount of $3.84 per share compared with the prior rate of $3.48. Based on the company’s share price of $133.44 on Feb 22, the latest hike results in a dividend yield of 2.88%.Solid dividend ...
Prologis Board of Directors Approves 10 Percent Increase in Quarterly Common Stock Dividend
Prnewswire· 2024-02-22 22:30
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; and A dividend of $1.0675 per ...
Prologis (PLD) Advances But Underperforms Market: Key Facts
Zacks Investment Research· 2024-02-22 00:01
Prologis (PLD) closed the most recent trading day at $133.42, moving +0.05% from the previous trading session. The stock lagged the S&P 500's daily gain of 0.13%. Meanwhile, the Dow gained 0.13%, and the Nasdaq, a tech-heavy index, lost 0.32%.Shares of the industrial real estate developer witnessed a gain of 4.17% over the previous month, beating the performance of the Finance sector with its gain of 3.63% and the S&P 500's gain of 2.99%.Investors will be eagerly watching for the performance of Prologis in ...
Prologis(PLD) - 2023 Q4 - Annual Report
2024-02-12 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number: 001-13545 (Prologis, Inc.) 001-14245 (Prologis, L.P.) Prologis, Inc. Prologis, L.P. (Exact name of registr ...
Is Prologis Stock a Buy?
The Motley Fool· 2024-01-30 11:05
Real estate investment trusts (REITs) can be an excellent source of passive income as part of a diversified portfolio. Although rising interest rates have recently weighed on the real estate industry, Prologis (PLD 0.80%) is one REIT well positioned to deliver shareholders a growing dividend.Here's what you need to know about the REIT to see if it's right for your portfolio.Prologis benefits from the growing demand for logistics facilitiesPrologis owns and operates logistics real estate properties across 20 ...
Prologis Announces Tax Treatment of 2023 Dividends
Prnewswire· 2024-01-29 13:00
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' ...
Prologis: A REIT Gem For Good And Bad Times
Seeking Alpha· 2024-01-22 10:31
Maxxa_Satori Prologis, Inc. (NYSE:PLD) profits from the growth of eCommerce and logistics-related businesses and has built a successful, globe-spanning, real estate empire. Prologis' predominant focus on logistics facilities around the world, particularly in the United States, has led to above-average funds from operations growth for the trust in recent years. International expansion and a fast-growing dividend are two very good reasons to consider investing in Prologis, though Prologis' 3% dividend is not ...
Prologis(PLD) - 2023 Q4 - Earnings Call Transcript
2024-01-17 19:48
Prologis, Inc. (NYSE:PLD) Q4 2023 Earnings Conference Call January 17, 2024 12:00 PM ET Company Participants Jill Sawyer - SVP & IR Tim Arndt - CFO Chris Caton - Managing Director, Global Strategy & Analytics Dan Letter - President Conference Call Participants Thomas Catherwood - BTIG Ronald Kamdem - Morgan Stanley Craig Mailman - Citi Caitlin Burrows - Goldman Sachs Ki Bin Kim - Truist Securities Jay Poskitt - Evercore ISI Nicholas Yulico - Scotiabank Blaine Heck - Wells Fargo Michael Goldsmith - UBS Camil ...
Prologis' (PLD) Q4 FFO Meets Estimates, '24 Outlook Issued
Zacks Investment Research· 2024-01-17 18:36
Prologis, Inc. (PLD) reported fourth-quarter 2023 core funds from operations (FFO) per share of $1.26, in line with the Zacks Consensus Estimate. The figure increased 1.6% from the year-ago quarter.The quarterly results reflect a rise in rental revenues and healthy leasing activity. Moreover, the occupancy level remained unchanged from the prior quarter. However, higher interest expenses are an undermining factor. In addition, this industrial REIT issued its 2024 outlook.Shares of the company have trended d ...
Prologis: Exceptional Rent Growth Despite Rising Market Vacancies
Seeking Alpha· 2024-01-17 16:14
onurdongel Considered a global leader in logistics real estate, Prologis, Inc. (NYSE:PLD) reported fiscal Q4 results today that landed in line with expectations. Despite this, shares hovered around the flat line immediately following the release of the results. The movement in the share price upon the news mirrors its lackluster performance over the past month. Heading into the release, shares were down about 3% over the past month. Seeking Alpha - PLD 1-Mth Share Price Returns In prior coverage, I've consi ...