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Key Factors Likely to Impact Prologis This Earnings Season
ZACKS· 2024-10-14 15:56
Prologis (PLD) is slated to report its third-quarter 2024 results on Oct. 16 before the bell. In anticipation of the announcement, industry analysts and investors are eager to assess the company's performance and prospects in the current economic climate.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, this leading industrial REIT reported a surprise of 0.75% in terms of core funds from operations (FFO) per share. The quarterly results reflected a rise i ...
Prologis: Despite Temporary Headwinds, Shares Likely To Perform Well Long Term
Seeking Alpha· 2024-10-14 10:18
We have covered Prologis (NYSE: PLD ) for a few years now, and at times, we have been more optimistic , but last year we became more cautious given some temporary headwinds. While the valuation andAnalyst’s Disclosure: I/we have a beneficial long position in the shares of PLD, UPS, DHLGY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relati ...
What Analyst Projections for Key Metrics Reveal About Prologis (PLD) Q3 Earnings
ZACKS· 2024-10-11 14:20
Wall Street analysts expect Prologis (PLD) to post quarterly earnings of $1.38 per share in its upcoming report, which indicates a year-over-year increase of 6.2%. Revenues are expected to be $1.9 billion, up 7% from the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a company reveals its earnings, ...
FIBRA Prologis Acquires 0.4 Million Square Feet
Prnewswire· 2024-10-10 13:05
MEXICO CITY, Oct. 10, 2024 /PRNewswire/ -- FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in Mexico, has acquired one building from Prologis located in Tijuana for a purchase price of US$63.7 million ($155/square feet), including closing costs. This 411,000 square foot multi-customer facility is fully leased in dollars."We are very pleased to make further progress on our growth strategy with this acquisition.  The property is situated in a strategic market an ...
Prologis (PLD) Stock Sinks As Market Gains: Here's Why
ZACKS· 2024-10-08 23:20
Company Performance - Prologis (PLD) ended the latest trading session at $119.34, reflecting a -0.55% adjustment from the previous day's close, underperforming the S&P 500 which gained 0.97% [1] - Over the past month, Prologis shares have decreased by 7.87%, lagging behind the Finance sector's loss of 4.16% and the S&P 500's gain of 5.41% [1] - The upcoming earnings report is scheduled for October 16, 2024, with projected earnings per share (EPS) of $1.38, indicating a 6.15% increase year-over-year, and revenue expectations of $1.9 billion, up 7.03% from the previous year [1] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of $5.42 per share and revenue of $7.52 billion, representing changes of -3.39% and +10.34% respectively from the last year [2] - Recent shifts in analyst projections for Prologis are important for investors, as upward revisions indicate analysts' positive outlook on the company's operations and profit generation [2] Valuation Metrics - Prologis currently has a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [3] - The company is trading at a Forward P/E ratio of 22.14, which is a premium compared to the industry average Forward P/E of 12.38 [3] - Prologis has a PEG ratio of 3.08, higher than the average PEG ratio of 2.37 for the REIT and Equity Trust - Other industry [3] Industry Overview - The REIT and Equity Trust - Other industry, part of the Finance sector, holds a Zacks Industry Rank of 85, placing it in the top 34% of over 250 industries [4] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]
GROUNDBREAKERS 2024: Prologis CEO, FedEx Chairman discuss Artificial Intelligence, company culture and tariffs
Prnewswire· 2024-10-02 21:13
Event also featured Former Prime Minister Sir Tony Blair and Survival Expert Bear GryllsLONDON, Oct. 2, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today hosted its fourth annual GROUNDBREAKERS thought leadership forum in London. GROUNDBREAKERS 2024 featured trailblazers including FedEx Chairman Fred Smith, former UK Prime Minister Sir Tony Blair and Survival Expert Bear Grylls.  Prologis Co-founder, Chairman and CEO Hamid R. Moghadam was joined by FedEx Foun ...
Prologis (PLD) Declines More Than Market: Some Information for Investors
ZACKS· 2024-10-01 23:21
Prologis (PLD) ended the recent trading session at $124.61, demonstrating a -1.32% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.93%. Elsewhere, the Dow saw a downswing of 0.41%, while the tech-heavy Nasdaq depreciated by 1.53%.Coming into today, shares of the industrial real estate developer had lost 1.2% in the past month. In that same time, the Finance sector gained 0.52%, while the S&P 500 gained 2.17%.Investors will be eagerly watching fo ...
Prologis Releases Inaugural Supply Chain Intelligence Report
Prnewswire· 2024-10-01 16:00
Core Insights - The 2025 Prologis Global Supply Chain Outlook report highlights a growing executive focus on sustainability, automation, and AI as companies prepare for a 'polycrisis' involving economic instability, fluctuating customer demands, and climate challenges [1][2] Supply Chain Pressures - Two-thirds of executives (66%) report losing sleep over supply chain issues, indicating significant stress [2] - 86% of executives cite rising economic and geopolitical pressures influencing manufacturing and storage decisions [2] - 71% feel pressured to transition energy sources, while 70% struggle to identify optimal supply chain investment allocations [2] Sustainability Focus - 85% of executives view sustainability as a core business objective, recognizing it as a competitive edge [3] - Nearly 75% feel urgency to accelerate the shift to alternative energy sources, with 79% believing the transition pace is too slow [3] Automation in Supply Chains - Automation is seen as a key tool for streamlining operations, reducing costs, and boosting productivity [4] - 87% of executives agree that investing in automation will significantly minimize labor-related issues [4] Role of Artificial Intelligence - AI is crucial for proactive responses to economic and geopolitical pressures, aiding in demand forecasting and risk mitigation [5][6] - 80% of executives feel external pressure to adopt AI practices, yet 94% face challenges in implementation [6] Preparedness for Disruptions - 87% of executives prioritize preparing for unexpected 'black swan' events [7] - Only 42% feel adequately prepared for cybersecurity attacks, with similar low preparedness for other disruptions [7] Future Supply Chain Transformation - The report indicates that 81% of executives see AI and automation as essential for supply chain management [8] - Emerging technologies like cloud solutions and IoT-enabled monitoring are expected to enhance data management and logistics agility [8]
Prologis' U.S. Logistics Fund: 20 Years of High-Performing Logistics Assets
Prnewswire· 2024-09-30 21:00
SAN FRANCISCO, Sept. 30, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, is marking the 20th anniversary of its U.S. Logistics Fund (USLF), one of its private flagship investment funds, with an assets under management (AUM) of $24 billion. Since its launch in 2004, USLF has delivered consistent, high returns while playing a key role in driving the growth and modernization of logistics investments across the United States. Prologis is a co-investor in its Strategi ...
Prologis to Announce Third Quarter 2024 Results October 16
Prnewswire· 2024-09-26 21:00
SAN FRANCISCO, Sept. 26, 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 third quarter results, current market conditions and future outlook on Wednesday, October 16, 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 acc ...