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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
Core Insights - Prologis hosted its fourth annual GROUNDBREAKERS thought leadership forum in London, featuring prominent figures such as FedEx Chairman Fred Smith and former UK Prime Minister Sir Tony Blair [1] - The event focused on the impact of technology, particularly artificial intelligence (AI), on geo-economic trends and logistics [1][2] Group 1: Technology and Innovation - Fred Smith emphasized that the re-introduction of manufacturing in the West is contingent upon the integration of robotics [1] - Hamid R. Moghadam highlighted the necessity of digitizing data as a prerequisite for successful AI implementation [2] - Both leaders stressed the importance of fostering a culture of innovation to attract talent and meet customer expectations [2] Group 2: Delivery and Consumer Expectations - A panel discussion led by Prologis President Dan Letter explored how AI and data analytics can enhance delivery infrastructure [3] - Alex Coates noted the potential for increased efficiency in delivery systems through technological advancements [3] Group 3: Fashion Industry Trends - Paolo Zannoni from Prada discussed the evolving consumer expectations in the luxury market, which complicate traditional shopping experiences [4] Group 4: Healthcare Innovations - A panel moderated by Naomi Grimley examined the role of supply chain innovation in improving patient health outcomes [5] - Dr. Kristin-Anne Rutter pointed out the need for automation in healthcare to address inefficiencies in patient management [5] Group 5: Energy and Sustainability - Prologis Chief Energy and Sustainability Officer Susan Uthayakumar led a discussion on the dual challenges of providing energy to a growing population while reducing emissions [6] - Jean-Pascal Tricoire highlighted the need for a rethinking of energy efficiency in light of clean energy deployment [6] Group 6: Event Participation - The GROUNDBREAKERS 2024 forum attracted hundreds of in-person attendees and thousands of virtual participants, with sessions available for on-demand streaming [7] - The next GROUNDBREAKERS event is scheduled for October 2, 2025, in Los Angeles [7] Group 7: Company Overview - Prologis is a leader in logistics real estate, owning or investing in approximately 1.2 billion square feet (115 million square meters) of properties across 19 countries as of June 30, 2024 [8]
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 ...
FIBRA Prologis Acquires 1.5 Million Square Feet Industrial Park
Prnewswire· 2024-09-24 13:35
MEXICO CITY, Sept. 24, 2024 /PRNewswire/ -- FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in Mexico, has acquired a wholly-owned industrial park which holds 8 buildings, from a third party located in Mexico City for an aggregate purchase price of US$190.1 million, including closing costs. The buildings, which comprise 1.5 million square feet of industrial space, are almost fully leased in US dollars. The customers profiles are 3PLs, light manufacturing and e ...
Prologis: Pivoting To AI Data Centers In A Profitable Way
Seeking Alpha· 2024-09-18 13:12
Pivoting to AI infrastructure with its data center business, Prologis (NYSE: PLD ) is evolving beyond just an industrial REIT. Moreover, it was trading around $129.28 at the time of writing, well below its April 2022 high of nearly $173 when the FederalAs a tech-focused industry Research Analyst, I aim to provide differentiated insights, whether it is for investing, trading, or informational reasons. For this purpose, I am not a classical equity researcher from the financial sector, but, I come from the IT ...
Prologis Remains My Go-To Industrial REIT - 3 Updates
Seeking Alpha· 2024-09-17 21:40
Prologis (NYSE: PLD ) is the largest industrial REIT in the world with ~$200B AUM (assets under management) globally. Most of it is located across the US (~65%) and the rest is in Europe, Asia, and Latin America.Welcome to Cash Flow Venue, where dividends do the heavy lifting! Blending my financial chops with the timeless wisdom of value investing (and love for steady income), I’ve built a rock-solid pillar in my financial foundation through dividend investing. I believe it’s one of the most accessible path ...
Prologis To Benefit From Tailwinds In Logistics And In AI
Seeking Alpha· 2024-09-17 18:08
Prologis Inc. (NYSE: PLD ) is a relatively unknown real estate stock despite its global importance. The company is the global leader in logistics with whole ownership or co-investments in a total of 115 million square meters ofI am always on the lookout for strongly undervalued stocks, in the dirt and under the rocks. Following me will allow you to read about little known, forgotten and underrated stocks, in any geography and sector.My name is Akim and I am a professional portfolio manager for investment fu ...