Core Viewpoint - Prologis Shanghai New Northwest Logistics Park has received the highest "Excellent" certification for net-zero carbon parks, marking a significant recognition in the logistics industry for its sustainable development efforts [1][9][12] Group 1: Certification and Recognition - The park was awarded the "Excellent" net-zero carbon park certification at the 2025 Annual Awards Ceremony co-hosted by BRE and TÜV, making it the first logistics park in China to achieve this highest level of certification [1][9] - The net-zero park evaluation system was jointly established by TÜV and BRE in 2022, aiming to reduce carbon emissions through collaborative actions across economic, environmental, social, and energy systems [4][12] - Prologis has previously received the first low-carbon park "Excellent" certification in China and has achieved the highest level of certification for its Dongguan New Sha Logistics Park [4][12] Group 2: Operational Performance - The first phase of the Prologis Shanghai New Northwest Logistics Park officially commenced operations in September 2023, achieving over 90% occupancy during its trial operation period [4][12] - The park collaborates with its smart cold chain platform, ProCold, to serve clients such as Aldi and ASC Fine Wines, supporting consumer and industrial development in Shanghai and the Yangtze River Delta region [4][12] Group 3: Design and Awards - The park was designed by Prologis's professional architectural design center, Haiyi Design Institute, which also provided green certification consulting [4][12] - The project has been recognized as a major project in Shanghai for two consecutive years (2024-2025) and has won multiple awards, including the Annual Gold Award for Urban Design & Architectural Design and the Zero Carbon Earth Anchor Award [4][12] Group 4: Company Commitment - Prologis is committed to building a smart and zero-carbon modern logistics infrastructure network in China, focusing on energy conservation and emission reduction across all stages of building design, construction, and management [6][14] - The company aims to drive high standards of development across the industry and promote the green transition of the supply chain, contributing to the high-quality development of the real economy [6][14]

Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sector, emphasizing cash flow generation and growth potential [1] - Subscribers benefit from a model account featuring over 50 stocks, detailed cash flow analyses of exploration and production (E&P) firms, and live discussions about the industry [1] Subscription Offer - A two-week free trial is available for new subscribers, allowing them to explore the oil and gas investment opportunities [2]

Group 1: CrowdStrike Holdings, Inc. - CrowdStrike is set to report its third-quarter earnings on December 2, with analysts expecting earnings of 94 cents per share, an increase from 93 cents per share in the same period last year [1] - The consensus estimate for CrowdStrike's quarterly revenue is $1.22 billion, up from $1.01 billion a year earlier [2] - CrowdStrike shares gained 1.5% to close at $509.16 on Friday [7] Group 2: Global X Cybersecurity ETF - The Global X Cybersecurity ETF is considered a good entry point for investors lacking cybersecurity exposure [2] - The ETF gained 1% during the session [7] Group 3: Amazon.com, Inc. - Amazon has been selected as a final trade by an investment strategist, indicating positive sentiment towards the company [3] - Amazon, in collaboration with Alphabet Inc.'s Google, launched a new multicloud networking service to enhance reliable connectivity, allowing customers to establish private, high-speed links between their platforms quickly [4] - Amazon shares rose 1.8% to settle at $233.22 on Friday [7] Group 4: Prologis, Inc. - Prologis, a REIT with a relationship with Amazon, was highlighted by an investment director, suggesting its relevance in the current market [5] - Scotiabank analyst maintained Prologis with a Sector Perform rating and raised the price target from $127 to $133 [5] - Prologis shares rose 0.3% to close at $128.53 during the session [7]

Market Performance - The S&P 500 index closed at 6,849, reflecting a weekly increase of 3.7% and a year-to-date increase of 16.4%[6] - The Nasdaq 100 index reached 25,435, with a weekly rise of 4.9% and a year-to-date increase of 21.0%[6] - The Dow Jones Industrial Average increased by 3.2% this week, with a year-to-date growth of 12.2%[6] Sector Analysis - The automotive and auto parts sector saw a significant weekly increase of 9.3% and a year-to-date increase of 9.9%[9] - The information technology sector reported a weekly rise of 4.6% and a year-to-date increase of 32.8%[9] - The healthcare sector experienced a weekly increase of 1.9% and a year-to-date increase of 21.0%[9] Fund Flows - The energy sector recorded a net inflow of $48 million this week, with a total of $572 million over the past 52 weeks[11] - The materials sector faced a net outflow of $290 million this week, totaling a negative $3.344 billion over the past 52 weeks[11] - The financial sector had a net inflow of $2.106 billion this week, with a total outflow of $6.723 billion over the past 52 weeks[11] Earnings Forecast - The overall EPS adjustment for the energy sector was 0.3% this week, with a year-to-date adjustment of -7.4%[14] - The materials sector saw an EPS adjustment of 0.6% this week, with a year-to-date adjustment of 4.9%[14] - The information technology sector's EPS adjustment was 0.6% this week, with a year-to-date adjustment of 28.0%[14]

Core Insights - The article highlights three notable REITs (Realty Income, Prologis, and Welltower) that are recommended for investors seeking dividend income and exposure to real estate markets [1][2][3]. Realty Income - Realty Income has a history of increasing dividends for over three decades and pays dividends monthly, with its 665th consecutive quarterly dividend recently paid [4][5]. - The company operates a low-overhead business model with a diversified portfolio of over 1,500 properties leased primarily under long-term triple-net lease agreements, ensuring stable rental income [5][8]. - In Q3, Realty Income reported revenue growth of 11% year-over-year to $1.47 billion and FFO per share of $1.07, with a portfolio occupancy rate of 98.7% [8]. Prologis - Prologis is the leading logistics REIT, owning or investing in approximately 1.3 billion square feet of property globally, and has increased its dividend for 12 consecutive years [9][10]. - The company reported a 4.2% increase in core FFO per share to $1.49 in Q3 2025, with record leasing activity of 62 million square feet and a portfolio occupancy rate of 95.3% [12][13]. - Prologis is strategically positioned to benefit from the growing e-commerce market and is expanding into the data center sector, securing 5.2 gigawatts of utility-fed power capacity [13]. Welltower - Welltower specializes in healthcare infrastructure, focusing on senior housing in the U.S., U.K., and Canada, with a current yield of about 1.5% [14][15]. - The company has launched a private funds management business to pursue broader investment opportunities and is focusing on its senior housing operating portfolio [15][18]. - In Q3, Welltower's normalized FFO per share increased by 21% year-over-year to $1.34, with same-store net operating income rising about 15% [18].

Core Insights - Prologis, Inc. is the world's largest industrial real estate investment trust (REIT) with a market cap of $119 billion, specializing in logistics facilities [1][2] - The company operates a global portfolio of nearly 1.3 billion square feet across about 20 countries, serving over 6,500 customers [1] - Prologis is positioned in high-growth markets and benefits from trends like e-commerce expansion and supply-chain modernization, solidifying its leadership in logistics real estate [2] Financial Performance - Prologis reported third-quarter earnings with an EPS of $0.82 and core FFO of $1.49, reflecting a 4.2% year-over-year increase, while total revenue rose 8.7% to $2.2 billion [5] - The company's occupancy rate reached 95.3%, with same-store net operating income increasing by 3.9% on a net-effective basis and 5.2% on a cash basis [5] - Leasing activity was robust, with a record 62 million square feet signed, and rental growth accelerated, showing nearly 49% net-effective rent change and about 29% on a cash basis [5] Stock Performance - Prologis stock reached a 52-week high of $129.28 and has gained 15.1% over the past three months, outperforming the Dow Jones Industrial Average's 4.4% rise [3][4] - Year-to-date, PLD stock prices have increased by 21.3%, and 10.3% over the past 52 weeks, compared to the Dow Jones's 11.5% and 5.7% gains respectively [4] - The stock has consistently climbed above its 50-day and 200-day moving averages since early August, indicating a positive trend [4]

Core Insights - FIBRA Prologis has successfully completed the offering of USD 500 million in 5.500% Senior Notes due 2035 [1][2] - The proceeds from the offering will be used for general corporate purposes, including repaying borrowings and maturing secured debt [2] Company Profile - FIBRA Prologis is a leading owner and operator of Class A industrial real estate in Mexico, with a portfolio of 515 investment properties totaling 87 million square feet as of September 30, 2025 [5] - The portfolio includes 348 logistics and manufacturing facilities across six core industrial markets in Mexico, comprising 65.7 million square feet of Gross Leasing Area [5]

Core Insights - Prologis (PLD) has demonstrated strong performance in the latest quarter, maintaining a consistent trend despite macroeconomic challenges [1][18] - The company is a significant player in the industrial REIT sector, with a portfolio of 1.3 billion square feet and $215 billion in assets under management [1] FFO & AFFO Performance - Prologis reported solid Core FFO, exceeding consensus estimates, with actual Core FFO at $1.49 compared to an estimate of $1.44 [2][5] - AFFO was below estimates, reflecting its typical volatility, which is a characteristic of Prologis [2][7] Guidance and NOI Metrics - The company increased its guidance for same-store NOI metrics by 50 basis points, indicating positive operational performance [10] - For 2025, Core FFO guidance ranges from $5.65 to $5.81, with Core FFO excluding Net Promote Income projected between $5.70 and $5.86 [6][11] Development and Capital Deployment - Development remains a competitive advantage for Prologis, with a lighter quarter for development starts but expectations for a strong fourth quarter [14][16] - The company plans to increase development starts to a range of $2.75 billion to $3.25 billion and has raised its combined disposition and contribution guidance by $500 million [15] Market Position and Long-term Outlook - Prologis continues to lead the industrial REIT sector, showcasing healthy NOI growth and solid leasing spreads [18][20] - The company’s development pipeline is one of the largest in the industry, supporting its long-term growth narrative [19][20]

Core Insights - Saudi Arabia's Public Investment Fund (PIF) has liquidated nearly 12 stocks listed in the U.S. during Q3, including Pinterest and Linde, reducing its U.S. equity holdings to the lowest level in a year [1] - The fund's U.S. stock portfolio value has decreased to $19.4 billion, representing an approximate 18% quarter-over-quarter decline, marking the lowest level since 2025 [1][2] - PIF continues to hold shares in Uber and Electronic Arts but has slightly reduced its stake in Lucid Group [1][3] Exits and Position Changes - Significant exits include: - Cummins: -1,095,578 shares, value change of -$358.80 million, with a price change of +29% [2] - Linde: -436,350 shares, value change of -$204.73 million, with a price change of +1.2% [2] - Air Products: -268,165 shares, value change of -$75.64 million, with a price change of -3.3% [2] - Avery Dennison: -231,662 shares, value change of -$40.65 million, with a price change of -7.6% [2] Top Holdings - PIF's major holdings in the U.S. include: - Uber: 72,840,541 shares valued at $7.14 billion, accounting for 3.5% of the portfolio [3] - Electronic Arts: 24,807,932 shares valued at $5.00 billion, accounting for 9.9% of the portfolio [3] - Lucid Group: 177,088,867 shares valued at $4.21 billion, accounting for 22% of the portfolio [3] - Take-Two Interactive: 11,414,680 shares valued at $2.95 billion, accounting for 6.2% of the portfolio [3] Strategic Focus - The recent divestments align with PIF's strategy to focus on domestic investments to support Saudi Arabia's economic diversification plan [2][4] - PIF aims to invest $70 billion post-2025, primarily within Saudi Arabia, with $57 billion already allocated for 2024 [5] - Further details on PIF's investment strategy for 2026-2030 are expected to be released early next year [5]

Core Insights - Prologis reported a third-quarter 2025 core FFO per share of $1.49, exceeding the Zacks Consensus Estimate of $1.44 and showing an increase from $1.43 in the same quarter last year [2] - Rental revenues reached $2.05 billion, slightly below the Zacks Consensus Estimate of $2.10 billion but up from $1.90 billion year-over-year [3] - Total revenues increased to $2.21 billion from $2.04 billion in the prior year [3] Financial Performance - The company experienced a 12.2% year-over-year increase in interest expenses, totaling $258.3 million [7] - Average occupancy in Prologis' portfolio was 94.8%, a slight decrease from 94.9% in the previous quarter and 95.9% year-over-year [5] - Cash same-store net operating income (NOI) grew by 5.2%, compared to 4.9% in the previous quarter [5] Market Position and Strategy - Prologis' CEO highlighted a strong pipeline and improving customer sentiment, indicating a favorable logistics market for rent and occupancy growth [4] - The company commenced 65.6 million square feet of leases in the quarter, with a retention level of 77.2% [4] - Prologis' share of net effective rent change was 49.4%, with a cash rent change of 29.4% [5] Liquidity and Debt Management - Prologis ended the third quarter with cash and cash equivalents of $1.19 billion, up from $1.07 billion at the end of the previous quarter [8] - Total liquidity was reported at $7.5 billion, with debt constituting 26.5% of total market capitalization [8] - The company issued $2.3 billion of debt at a weighted average interest rate of 4.2% during the quarter [9] Guidance and Future Outlook - Prologis raised its 2025 core FFO per share guidance to a range of $5.78-$5.81, up from $5.75-$5.80 [11] - The company revised its capital deployment outlook for development starts to $2.75-$3.25 billion, and for dispositions to $750-$1,000 million [12] - Estimates for the stock have been trending downward, with a Zacks Rank of 3 (Hold), indicating an expectation of in-line returns in the coming months [15]