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 ...

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 ...

For the quarter ended December 2023, Prologis (PLD) reported revenue of $1.76 billion, up 10.4% over the same period last year. EPS came in at $1.26, compared to $0.63 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.78 billion, representing a surprise of -1.62%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.26.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectat ...

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 ...

Key PointsA new market shift could send a lot of investment dollars into this one REITThe markets and Wall Street's most respected names are behind the potential tailwinds that could come to the rescue.This could be the perfect storm, but it is a storm nonetheless.5 stocks we like better than Vanguard Real Estate ETFThere is a new cycle coming to you, and each cycle brings with it a set of opportunities that leave most investors - maybe you've even been there - hitting their heads and wondering what could h ...

Prologis (PLD) , the leading industrial REIT, is slated to report fourth-quarter and full-year 2023 earnings on Jan 17 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.In the last reported quarter, this REIT delivered a surprise of 3.17% in terms of core funds from operations (FFO) per share. The results reflected healthy rent growth.Over the trailing four quarters, Prologis beat ...

Tim Allen Prologis, Inc. (NYSE:PLD), formed in 1997 and headquartered in San Francisco, CA, is currently the largest REIT by market capitalization and focuses on the ownership, development, and management of logistics facilities located in 19 countries across four continents. The company's operating performance, along with its solvency profile and widely diversified portfolio makes the business very attractive. However, the shares are trading at a large premium and the dividend yield is too low. In this pos ...

Wall Street analysts forecast that Prologis (PLD) will report quarterly earnings of $1.26 per share in its upcoming release, pointing to a year-over-year increase of 1.6%. It is anticipated that revenues will amount to $1.78 billion, exhibiting an increase of 12.2% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial esti ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

SAN FRANCISCO, Dec. 28, 2023 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, will host a webcast and conference call with senior management to discuss fourth quarter results, current market conditions and future outlook on Wednesday, January 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 acc ...