When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Prologis (PLD) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Prologis currently has an average brokerage recommendation (ABR) ...

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 an ...

These companies are proven value creators with visible growth ahead.Some companies have a knack for making their investors richer. They operate highly profitable businesses, giving them ample cash to fund their growth while returning money to investors. Brookfield Renewable (BEPC -1.56%) (BEP -0.32%) and Prologis (PLD 0.64%) are proven wealth creators. They're in an excellent position to continue enriching their investors in the future. That makes them great stocks to buy for those seeking to grow their wea ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Prologis (PLD) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Prologis currently has an average ...

Prologis (PLD) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this industrial real estate developer have returned -17.9% over the past month versus the Zacks S&P 500 composite's -2.5% change. The Zacks REIT and Equity Trust - Other industry, to which Prologis belongs, has lost 8.4% over this period. Now the key question is: Where could the stock be headed in the near ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ 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 registrant as sp ...

This leading REIT has a lot of hidden potential and is well off its highs.Prologis (PLD -1.15%) is the largest real estate investment trust in the market, but the logistics real estate giant could still have lots of upside potential. Not only that, but the stock is down by about 20% from its recent highs. In this video, I'll give the details about why I'm finally planning to add Prologis to my portfolio.*Stock prices used were the afternoon prices of April 17, 2024. The video was published on April 18, 2024 ...

Prologis expects some near-term headwinds to weigh on its growth this year.Prologis (PLD -7.19%) has done an incredible job paying dividends over the years. The real estate investment trust (REIT), focused on logistics properties, has grown its payout at a 13% compound annual rate over the last five years. That's more than double the 5% dividend growth rate of the S&P 500 and the average REIT. The industrial REIT had initially expected that 2024 would be another strong year. However, some near-term headwind ...

Financial Data and Key Metrics Changes - Core FFO, excluding promotes, was $1.31 per share, and including net promote expense was $1.28 per share, in line with forecasts [9] - Occupancy in the portfolio ended the quarter at 97%, with a decline of 80 basis points since the peak in summer 2022 [9] - Same-store growth on a cash basis was 5.7% and on a net effective basis was 4.1% [10] - Rent growth captured for the quarter was approximately $110 million on an annualized basis [10] - The company raised nearly $5 billion in capital, including $750 million in strategic capital [7] Business Line Data and Key Metrics Changes - The Energy business signed 405 megawatts of long-term storage-related contracts with investment-grade utilities [11] - New developments started in the quarter amounted to over $270 million, bringing the portfolio to approximately $7.5 billion at the company's share [10] Market Data and Key Metrics Changes - Net absorption in the US was low at just 27 million square feet for the quarter [12] - Overall leasing activity and net absorption are running below expectations due to persistent inflation and high interest rates [7][12] - Southern California and the Inland Empire are experiencing the most acute leasing slowdowns, with rents generally flat in most US markets [14][15] Company Strategy and Development Direction - The company is adjusting its guidance early to reflect expected occupancy below forecasts in the near term [8] - Focus remains on the development of the land bank, providing an opportunity for over $38 billion of build-out with an approximate return on incremental capital of 8.5% [17] - The company is actively looking at acquisition opportunities across all markets while maintaining a disciplined approach to speculative starts [19] Management's Comments on Operating Environment and Future Outlook - Management noted that persistent inflation and high interest rates have led to delays in customer decision-making, impacting leasing volume [7] - The overall economic data remains strong, but the company expects continued headwinds on overall absorption in the next few quarters [12][13] - Management expressed confidence in long-term demand despite short-term challenges, indicating that deferred demand is building up [20] Other Important Information - The company raised $4.1 billion of debt at a weighted average rate of 4.7% with a term of 10 years [11] - Global market rents declined slightly over 1% in the quarter, primarily driven by Southern California [15] - The company has liquidity of over $5.8 billion at the end of the quarter [11] Q&A Session Summary Question: Could you go through how much or what pieces might be more macro driven and how much is certain markets weighing on the outlook? - Management indicated that the softness in leasing velocity is due to both macroeconomic factors and specific market conditions, particularly in Southern California [22][23] Question: Can you help kind of flush out the timing of when some of these things became a little bit more evident? - Management clarified that while there may be a perception of an acute change, their long-term outlook remains consistent, with the first year of their three-year forecast being the only adjustment [25][26] Question: What evidence do you have that would support the delayed rebound in demand? - Management noted that while economic indicators are strong, the conversion of customer inquiries into signed leases has not yet materialized broadly across the market [28][29] Question: Can you discuss the markets of relative strength in your portfolio in terms of demand and market rents? - Management highlighted that the strongest markets include Mexico, Texas, parts of the Southeast US, and Europe, while Southern California remains the weakest [51] Question: Are you seeing any changes in CapEx or concessions that might not be so apparent in the headline face rents? - Management acknowledged an increase in free rent but noted that it is still below long-term averages [54] Question: How are you seeing supply chain disruption and geopolitical risks impacting customer behavior? - Management indicated that while geopolitical risks are causing caution, the overall impact on customer decisions remains manageable [59] Question: Can you provide additional color on the weaker net absorption due to tenants becoming more cost-conscious? - Management confirmed that demand has shifted from Southern California to adjacent markets, but overall demand has been deferred rather than lost [71][72]

Prologis, Inc. (PLD) reported first-quarter 2024 core funds from operations (FFO) per share of $1.28, in line with the Zacks Consensus Estimate. This compares favorably with the year-ago quarter’s figure of $1.22.However, the industrial REIT trimmed its guidance for the full-year 2024 as it prepares for a slower leasing environment in the next quarter or two. Reflecting the negative sentiments of investors, PLD shares are trending down during the initial hours of today’s trading session.Per Hamid R. Moghada ...