Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .One of the things that got me into investing (trading) when I was in my teen years was a fascinating television series named "Million Dollar Traders." on the BBC, which is the biggest public broadcaster in the United Kingdom.Analyst’s Disclosure: I/we have a beneficial long posi ...

Prologis (PLD) closed the most recent trading day at $116.40, moving +0.48% from the previous trading session. This change outpaced the S&P 500's 0.05% gain on the day. On the other hand, the Dow registered a loss of 0.17%, and the technology-centric Nasdaq increased by 0.4%. The the stock of industrial real estate developer has risen by 1.74% in the past month, lagging the Finance sector's gain of 7% and the S&P 500's gain of 5.75%. The investment community will be paying close attention to the earnings pe ...

Introduction Shame on you if you aren't a millionaire by now. It's very easy. All you have to do is put the majority of your portfolio in a high-risk, high-return stock. That's it. If you have been ...

Conservative Income Portfolio targets the best value stocks with the highest margins of safety. The volatility of these investments is further lowered using the best priced options. Our Enhanced Equity Income Solutions Portfolio is designed to reduce volatility while generating 7-9% yields.In our previous coverage of Prologis, Inc. (NYSE: PLD ), we remained skeptical that the bulls were going to have a leg to stand on. At the core of our thesis was that the analysts, all of them, were overestimating theTrap ...

Company Performance - Prologis (PLD) closed at $117.80, with a +1.4% change from the previous day, outperforming the S&P 500's loss of 0.38% [1] - Over the past month, Prologis shares gained 0.75%, lagging behind the Finance sector's gain of 6.66% and the S&P 500's gain of 3.76% [1] Upcoming Earnings - Analysts expect Prologis to report earnings of $1.39 per share, reflecting a year-over-year growth of 10.32% [2] - The consensus estimate for revenue is $1.94 billion, up 10.48% from the prior-year quarter [2] Full Year Estimates - For the full year, earnings are expected to be $5.44 per share, a decrease of -3.03% from last year, while revenue is projected at $7.52 billion, an increase of +10.31% [3] Analyst Estimates and Market Sentiment - Recent modifications to analyst estimates indicate changing business trends, with positive revisions suggesting analyst optimism regarding Prologis's profitability [4] - Estimate revisions are correlated with near-term share price momentum, which can be leveraged using the Zacks Rank system [5] Zacks Rank and Valuation - Prologis currently holds a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 21.35, indicating a premium compared to its industry's Forward P/E of 12.78 [6] - The PEG ratio for Prologis is 3.4, higher than the industry average of 2.28 [7] Industry Context - Prologis operates within the REIT and Equity Trust - Other industry, which is part of the Finance sector and has a Zacks Industry Rank of 75, placing it in the top 30% of over 250 industries [7]

Core Viewpoint - FIBRA Prologis has successfully completed its tender offer for up to 100% of the outstanding Terrafina CBFIs not already owned by the company, acquiring a significant majority of the total outstanding CBFIs [1][2]. Company Profile - FIBRA Prologis is a leading owner and operator of Class A industrial real estate in Mexico, comprising 514 logistics and manufacturing facilities across six industrial markets, totaling 89.5 million square feet (8.3 million square meters) of gross leasable area, along with 165 buildings totaling 24.0 million square feet (2.2 million square meters) of non-strategic assets as of September 30, 2024 [4]. Tender Offer Details - The settlement of the tender offer included the acquisition of 100,289,570 Terrafina CBFIs, which, combined with the CBFIs already owned by FIBRA Prologis, represents 89.88% of the total outstanding Terrafina CBFIs [2]. - Additionally, FIBRA Prologis issued 58,167,950 Exchange CBFIs in exchange for the tendered Terrafina CBFIs [2]. Regulatory Information - The CBFIs offered in the tender have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption [3].

Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - The S&P 500 currently has a low dividend yield of 1.2%, which may not discourage new investors as low yields have been common in recent history [2] Group 2 - The article emphasizes the importance of performing due diligence and drawing personal conclusions before making investment decisions [4][5]

MEXICO CITY, Oct. 30, 2024 /PRNewswire/ -- FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, announces that its Manager, Prologis Property México, S.A. de C.V., has agreed to reduce its Asset Management Fee (as defined in the Management Agreement entered into between FIBRA Prologis and the Manager), to the following structure: | --- | --- | --- | --- | |-----------------------------|-------|------------------------------------------------------------- ...

MEXICO CITY, Oct. 29, 2024 /PRNewswire/ -- FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, today reported results for the third quarter 2024.HIGHLIGHTS FROM THE QUARTER: Net effective rents on rollover were 56.2 percent. Period-end and average occupancy were 98.1 and 97.8 percent, respectively. Customer retention was 52.7 percent. Same store cash NOI was 4.4 percent. Successful first tender offer for Terrafina, 77 percent ownership acquired.Net ear ...

Portfolio and Operations - Prologis operates a portfolio of approximately 1.2 billion square feet across 20 countries, focusing on high-barrier, high-growth logistics markets[101]. - At September 30, 2024, the gross book value of the operating portfolio held by Prologis' nine unconsolidated co-investment ventures was $55.7 billion across 519 million square feet[110]. - Operating portfolio occupancy was 96.2% as of September 30, 2024, with a net effective rent change of 69.5% on leases commenced during the nine months[113]. - The total O&M operating portfolio comprised 5,285 properties with 1,168 million square feet, achieving an overall occupancy rate of 95.9%[134]. - The development portfolio included 97 properties that were 32.8% leased, with a current investment of $3.1 billion and a total estimated investment of $5.4 billion upon completion[152]. Financial Performance - The company expects to generate earnings growth by increasing rents, maintaining high occupancy rates, and controlling expenses, with rental operations contributing 90% to 95% of consolidated revenues[106]. - Rental revenues increased to $5.577 billion in 2024 from $5.063 billion in 2023, reflecting a $514 million increase[115]. - Real Estate Segment NOI rose to $4.216 billion in 2024, up from $3.815 billion in 2023, marking a $401 million increase[117]. - Same store Property NOI for the three months ended September 30, 2024, was $1,400 million, reflecting a 6.2% increase from $1,318 million in 2023[139]. - For the nine months ended September 30, 2024, net earnings attributable to common stockholders were $2,448 million, a slight increase from $2,424 million in 2023[168]. Development and Investment - The company has a total expected investment (TEI) of $36.0 billion for newly developed buildings, with a potential increase to $40.7 billion on an owned and managed basis[110]. - Number of new development buildings started increased to 21 in 2024 from 17 in 2023, with square footage rising from 4 million to 6 million[125]. - Estimated value at completion for the development portfolio was $3.812 billion in 2024, up from $2.505 billion in 2023[126]. - Acquired 225 acres of land in India to support future development opportunities[113]. Liquidity and Capital Structure - Prologis maintains a strong balance sheet with a weighted average remaining maturity of consolidated debt at 10 years and a weighted average interest rate of 3.1%[110]. - The company has total available liquidity of $6.6 billion, allowing for opportunistic value-added investments[110]. - Total available liquidity reached $6.6 billion, including $5.8 billion in borrowing capacity and $781 million in unrestricted cash[113]. - The company had a total debt of $32.29 billion as of September 30, 2024, with a weighted average effective interest rate of 3.1%[153]. Strategic Capital and Revenue Segments - The Strategic Capital Segment contributes 5% to 10% of consolidated revenues, with a focus on asset management and property management services[107]. - Strategic Capital Segment revenues for the nine months ended September 30, 2024, totaled $419 million, a decrease from $1,071 million in the same period of 2023[129]. - Strategic Capital Segment NOI for the nine months ended September 30, 2024, was $208 million, down from $764 million in 2023, reflecting a significant decline[129]. Expenses and Gains - G&A expenses increased to $316 million for the nine months ended September 30, 2024, compared to $292 million in 2023, primarily due to inflation and higher compensation costs[130]. - Depreciation and amortization expenses rose to $1.9 billion for the nine months ended September 30, 2024, from $1.8 billion in 2023, indicating a $78 million increase[132]. - Gains on real estate transactions for the nine months ended September 30, 2024, were $811 million, compared to $432 million in 2023, showing a substantial increase[132]. Interest and Tax Expenses - Net interest expense increased to $632 million for the nine months ended September 30, 2024, from $467 million in 2023, representing a 35.2% rise, primarily due to higher interest rates and the issuance of $4.2 billion in senior notes[142]. - Total current income tax expense decreased to $78 million for the nine months ended September 30, 2024, from $143 million in 2023, a reduction of 45.5%[151]. Foreign Currency and Interest Rate Exposure - 7.2% of total consolidated revenue, amounting to $434 million, was denominated in foreign currencies for the nine months ended September 30, 2024[171]. - The company had foreign currency contracts with an aggregate notional amount of $1.6 billion, primarily in British pound sterling, Canadian dollar, euro, and Japanese yen[171]. - At September 30, 2024, $31.2 billion of the company's debt bore interest at fixed rates, with a weighted average interest rate of 4.0%[172]. - A 10% increase in interest rates on average outstanding variable rate debt balances would result in an additional annual interest expense of $4 million[172].