Key TakeawaysPrologis exceeded analysts' estimates for third-quarter profit and revenue as the real estate market began to recover from its slump.Core funds from operations (FFO) climbed 10%, more than expected, driving the gains.Prologis boosted the low end of its full-year guidance for earnings and core FFO. Shares of Prologis (PLD) advanced Wednesday when the largest industrial real estate firm posted better-than-anticipated results and solid guidance on strong funds from operations (FFO).  The real esta ...

For the quarter ended September 2024, Prologis (PLD) reported revenue of $1.9 billion, up 6.7% over the same period last year. EPS came in at $1.43, compared to $0.80 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.9 billion, representing a surprise of -0.38%. The company delivered an EPS surprise of +4.38%, with the consensus EPS estimate being $1.37.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...

Prologis (PLD) came out with quarterly funds from operations (FFO) of $1.43 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to FFO of $1.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 4.38%. A quarter ago, it was expected that this industrial real estate developer would post FFO of $1.33 per share when it actually produced FFO of $1.34, delivering a surprise of 0.75%.Over the last four quarters ...

PROLOGIS® Hamburg Waltershof DC1, Hamburg, Germ 1 = & third quarter 2024 Prologis Supplemental Information Unaudited Contents Capital Deployment 20 21 22 23 24 25 26 28 | --- | --- | --- | --- | --- | |-------|-----------------------------------------------------|-------|-------------------|----------------------------------------------------------------| | 3 | Highlights Company Profile | 29 | Strategic Capital | Overview | | 5 | Company Performance | 30 | | Summary and Financial Highlights | | 7 | Prologi ...

Ongoing flight to quality within the industrySAN FRANCISCO, Oct. 16, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced the following results for the quarter ended September 30, 2024, as compared to the corresponding period in 2023:Net earnings per diluted share was $1.08 and increased 35.0%, primarily due to higher disposition gains.Core funds from operations (Core FFO)* per diluted share was $1.43 and increased 10.0%.Core FFO, excluding Net Promote ...

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 ...

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 ...

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, ...

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 ...

The latest trading session saw Prologis (PLD) ending at $119.34, denoting a -0.55% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.97% for the day. Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, added 1.45%.Shares of the industrial real estate developer witnessed a loss of 7.87% over the previous month, trailing the performance of the Finance sector with its loss of 4.16% and the S&P 500's gain of 5.41%.The investment community wil ...