Justin Paget Introduction Prologis (NYSE:PLD) has underperformed the Vanguard Real Estate Index Fund ETF (VNQ) so far in 2024, delivering a circa 5% loss against the mid-single-digit gain for the benchmark ETF: PLD vs VNQ in 2024 (Seeking Alpha) Despite the underperformance, I reckon the shares are worth a Hold rating due to: A capital structure with only 22% debt, limiting the boost from Fed rate cuts. An elevated valuation in terms of Core FFO multiple and market-implied cap rate that decreases the ...

SAN FRANCISCO, Aug. 19, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced that Ted Eliopoulos is joining the company as managing director, Strategic Capital. A seasoned and respected investment management executive, Eliopoulos will help Prologis continue to grow its private investment business, bringing years of experience and deep expertise. Eliopoulos will work closely with Karsten Kallevig, global head of Strategic Capital. Both leaders will repor ...

Justin Paget Summary Prologis (PLD) is the largest owner/operator of industrial real estate in the world. It is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of Q2 '24, it owns and/or manages ~1.2Bn of modern logistics facilities in 19 countries leased to a diverse base of ~6,700 tenants, largely in two major categories: B2B and retail/online fulfilment. We have followed its Series Q preferred shares since November of last year. At that time, we found the s ...

It has been about a month since the last earnings report for Prologis (PLD) . Shares have added about 1.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Prologis due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Prologis Q2 FFO Beats Estimates, Rental Revenues Up Y/ ...

PixelbizzIntroduction I wrote an article about Prologis (NYSE:PLD) a bit more than a year ago in July 2022: "Prologis: Deglobalization Could Be The Next Dominant Tailwind For This REIT." I rated Prologis as a "buy" due to "deglobalization" being a major tailwind for the stock. Since then, Prologis' stock has had a price return of -4.58% and a total return of -1.74% against the S&P 500's return of 18.62%. In my first article, I explained how deglobalization could unfold in the coming years and how that c ...

MEXICO CITY, Aug. 7, 2024 /PRNewswire/ -- FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, declared today a cash distribution of Ps. 1,049.5 million (US$54.2 million), or Ps. 0.6828 per Certificado Bursátil Fiduciario Inmobiliario ("CBFI") (US$ 0.0352 per CBFI).The distribution is payable August 20, 2024, to CBFI holders.Ex-dividend date of August 19, 2024.Record date of August 19, 2024.Legal Basis Concept Generated Payment Date Total Amount (Ps$) Nu ...

MEXICO CITY, Aug. 6, 2024 /PRNewswire/ -- FIBRA Prologis (BMV: FIBRAPL 14), a leading owner and operator of Class A industrial real estate in Mexico, has acquired a significant majority of Terrafina's CBFIs, representing 77.14% of the outstanding certificates. This move further solidifies FIBRA Prologis' position as a leading player in Mexico's industrial real estate sector."We are delighted to have secured control of Terrafina with more than three-quarters of shareholders supporting FIBRA Prologis' tender. ...

SAN FRANCISCO, Aug. 6, 2024 /PRNewswire/ -- FIBRA Prologis today closed on its tender offer to acquire shares of FIBRA Terrafina with 77.14% of all shares under FIBRA Prologis control. Prologis, Inc. (NYSE:PLD), the global leader of logistics real estate, sponsors FIBRA Prologis, which acquires, owns and manages Class-A industrial real estate in Mexico's most desirable economic markets.FIBRA Terrafina manages approximately 42.2 million square feet of industrial real estate across several key markets, which ...

MEXICO CITY, Aug. 6, 2024 /PRNewswire/ -- FIBRA Prologis (BMV: FIBRAPL 14), a leading owner and operator of Class A industrial real estate in Mexico, announces that the settlement of its tender offer (the "Offer") to acquire up to 100% of the real estate trust certificates (certificados bursátiles fiduciarios inmobiliarios) issued by CIBanco, S.A., Institución de Banca Múltiple, as trustee of the irrevocable trust agreement number F/00939 ("Terrafina"), identified with ticker symbol "TERRA 13" ("Terrafina C ...

JACKSONVILLE, Fla., July 31, 2024 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency”) announced today that its Board of Directors (the “Board”) has appointed Gary E. Anderson as its newest member, effective as of August 1, 2024. Mr. Anderson recently retired from Prologis, Inc. (“Prologis”), a real estate investment trust that is a global leader in real estate logistics facility development and operation. With the addition of Mr. Anderson as an independent director, Regency will expand the size of i ...