Core Insights - The article discusses the formation of the Sustainable Concrete Buyers Alliance (SCoBA) by major companies like Amazon, Meta, and Prologis to promote low-carbon concrete production [3][5] - Concrete manufacturing, particularly cement production, is responsible for approximately 8% of global greenhouse gas emissions, highlighting the need for sustainable practices in the industry [2] Group 1: Formation of SCoBA - Major real estate companies are collaborating to leverage their purchasing power for low-carbon concrete, aiming to financially support sustainable production [3][5] - The alliance is led by nonprofits RMI and the Center for Green Market Activation, focusing on channeling investments into off-take agreements for low-carbon cement producers [4][6] Group 2: Market Challenges - The primary challenge is the scale of production; large cement suppliers face high costs in retrofitting their plants for decarbonization and require legitimate market demand to justify investments [7] - The alliance aims to create a favorable market environment for low-carbon concrete producers, facilitating the growth of their technologies and businesses [5][6]

Core Insights - The Zacks Focus List is a curated portfolio of 50 stocks expected to outperform the market over the next 12 months [3] - The Focus List has demonstrated strong historical performance, gaining 13.85% in 2020 compared to the S&P 500's 9.38% [5] - The methodology for selecting stocks relies on earnings estimate revisions, which are critical for predicting future performance [6][7] Performance Metrics - The cumulative return of the Focus List from February 1, 1996, to March 31, 2021, is 2,519.23%, significantly outperforming the S&P 500's return of 854.95% [5] - Prologis, a stock on the Focus List, has increased by 22.02% since its addition on June 3, 2020, from $95.46 to $116.48 [12] Methodology - The selection process for the Focus List is based on the Zacks Rank, which evaluates stocks using four main pillars: Agreement, Magnitude, Upside, and Surprise [9] - Stocks on the Focus List are primarily from the 1 (Strong Buy) or 2 (Buy) categories, indicating a bullish consensus among analysts [9] Company Spotlight - Prologis, Inc. is a leading industrial real estate investment trust (REIT) focused on distribution facilities for global trade [11] - Analysts have revised Prologis' earnings estimate upwards, with a Zacks Consensus Estimate of $5.77 for fiscal 2025, reflecting a growth expectation of 3.8% for the current fiscal year [12]

Core Insights - Prologis convened leaders from business, government, and academia at the GROUNDBREAKERS 2025 forum to discuss the intersection of energy reliability and AI in global supply chains [1][2] - U.S. Secretary of the Interior Doug Burgum emphasized the importance of energy abundance for technological advancement, particularly in AI, and the need for reliable and affordable energy to foster economic growth [2] - Prologis CEO Hamid R. Moghadam highlighted the necessity of integrating both renewable and traditional energy sources to meet future demands [2] Panel Highlights - The panel on Global Trade featured discussions on the importance of resilience and sustainability in supply chains, with MIT's Yossi Sheffi noting that building resilience incurs costs similar to purchasing insurance [3] - The Future of Energy panel addressed energy reliability as a critical concern for global supply chain executives, advocating for greater integration of infrastructure and energy decision-making [4] - The Delivery & Autonomy panel discussed the impact of autonomous systems on logistics, stressing the need for competitive network readiness to leverage American innovation [4] - A session on Food Systems emphasized the need for agility in food production to adapt to changing consumer demands, with industry leaders noting that large companies often lack the nimbleness required [4] Upcoming Events - The 2028 Summer Olympic Games were highlighted as a significant logistical challenge, with expectations that it will be the largest in Olympic history [5] Space and Defense - A discussion on space and defense underscored the importance of innovation and collaboration in enhancing resilience and security for commerce on Earth [6][7] Additional Information - Prologis positions itself as a leader in logistics, focusing on creating intelligent infrastructure that connects digital and physical worlds, promoting agile supply chains and clean energy solutions [8]

Company Overview - FIBRA Prologis is a leading owner and operator of Class-A logistics real estate in Mexico, with a portfolio of 507 investment properties totaling 87.0 million square feet (8.1 million square meters) as of June 30, 2025 [4] - The portfolio includes 345 logistics and manufacturing facilities across six industrial core markets in Mexico, comprising 65.5 million square feet (6.1 million square meters) of Gross Leasing Area (GLA) [4] Upcoming Events - FIBRA Prologis will host a webcast and conference call on October 29, 2025, at 9:00 a.m. Mexico Time to discuss third quarter results, current market conditions, and future outlook [1] - Access to the live broadcast can be obtained through various toll-free numbers and a live webcast on the company's Investor Relations website [2] Financial Information - A telephonic replay of the conference call will be available from October 29 to November 5, 2025, using specific conference codes for access [3]

Core Insights - Prologis is leveraging its access to land, energy, capital, and experience to expand its data center business, which is becoming increasingly relevant in the current market [1][2] - The company plans to invest up to $8 billion to build data centers across approximately 20 property sites, capitalizing on the growing demand for data center construction in the US [3][4] Company Overview - Prologis has a global portfolio of 1.3 billion square feet across more than 5,500 buildings, primarily known for its warehouses, but is now focusing on data centers [2] - The company has secured 1.1 gigawatts of power, with an additional 2.2 gigawatts in advanced procurement stages, indicating a strong commitment to energy supply for its data centers [4][5] Industry Context - The US data center construction spending reached a record $40 billion in June 2023, marking a 28% increase compared to 2024, highlighting the industry's rapid growth [3] - The demand for energy in developing AI systems is significant, with Nvidia announcing a $100 billion investment in OpenAI to build 10 gigawatts of AI data centers, showcasing the competitive landscape [5]

Core Viewpoint - Prologis, Inc. will host a webcast and conference call on October 15, 2025, to discuss its third quarter results, current market conditions, and future outlook [1]. Group 1: Event Details - The conference call will take place at 9:00 a.m. PT/12:00 p.m. ET [1]. - To access the live broadcast, participants can dial +1 (877) 897-2615 (toll-free from the U.S. and Canada) or +1 (201) 689-8514 (from other countries) [2]. - A telephonic replay will be available from October 15 to October 29, with access codes provided for participants [3]. Group 2: Company Overview - Prologis is a leader in logistics, creating intelligent infrastructure that powers global commerce and connects digital and physical worlds [3]. - The company focuses on agile supply chains and clean energy solutions, aiming to help businesses operate faster, smarter, and sustainably [3]. - Prologis emphasizes its unmatched scale, innovation, and expertise in shaping the future of logistics [3].

Core Viewpoint - Prologis has been upgraded to a Buy rating by BofA Securities due to its strong leasing pipeline and favorable demand versus supply dynamics in the industrial REIT sector [2] Company Summary - The investment bank raised its recommendation on Prologis from Neutral to Buy [2] - BofA Securities has increased the price objective for Prologis stock [2] Industry Summary - The industrial REIT sector is experiencing improving demand compared to supply dynamics, which is beneficial for companies like Prologis [2]

Core Insights - The Zacks Focus List is a curated portfolio of 50 stocks expected to outperform the market over the next 12 months [3] - The Focus List gained 13.85% in 2020, outperforming the S&P 500's return of 9.38% [5] - The cumulative return of the Focus List from February 1, 1996, to March 31, 2021, is 2,519.23%, compared to the S&P's 854.95% [5] Focus List Methodology - Stocks are selected based on earnings estimate revisions, which reflect growth and profitability expectations [6] - The Zacks Rank, a proprietary stock-rating model, utilizes earnings estimate revisions to aid in portfolio building [8] - The Zacks Rank consists of four factors: Agreement, Magnitude, Upside, and Surprise, classifying stocks into five groups from "Strong Buy" to "Strong Sell" [9] Spotlight on Prologis - Prologis, Inc. is a leading industrial real estate investment trust (REIT) focused on distribution facilities for global trade [11] - Prologis was added to the Focus List on June 3, 2020, at $95.46 per share, and has since increased by 20.84% to $115.35 [12] - The Zacks Consensus Estimate for Prologis has increased by $0.07 to $5.77, with an expected earnings growth of 3.8% for the current fiscal year [12]

Core Viewpoint - Prologis is the world's largest logistics REIT with significant assets and development opportunities, indicating strong growth potential in the logistics sector. Company Overview - Prologis has $200 billion of assets across 1.3 billion square feet in 20 countries [2] - The company operates in consumption-oriented, supply-constrained markets for logistics distribution [3] Development and Growth - Prologis develops approximately $4 billion to $5 billion of new logistics properties annually [3] - Over the past 20 years, the company has developed nearly $50 billion in assets, creating about $14 billion in value [4] - The company has a land bank with $42 billion of investment opportunities, representing nearly 10 years of development potential [4] Asset Management - Prologis has an asset management business called Strategic Capital, encompassing about $65 billion of third-party assets [5]

Financial Data and Key Metrics Changes - Prologis has $200 billion in assets across 1.3 billion square feet in 20 countries, with a development franchise averaging $4.5 billion annually [2][3] - The company has a land bank with $42 billion of investment opportunity, equating to nearly 10 years of development potential [3] - The build-to-suit activity reached a record $1.1 billion in the first half of the year, with eight new build-to-suit projects signed in the third quarter [10][11] Business Line Data and Key Metrics Changes - The leasing pipeline stood at 130 million square feet, with improvements in the conversion of new leasing proposals to signed leases, although still below historical norms [7][19] - Larger space sizes, particularly those over 250,000 square feet, have been leasing better, with strong activity noted in LATAM and Southeast U.S. markets [14][31] Market Data and Key Metrics Changes - The company noted a slowdown in leasing activity due to tariff concerns, but this has improved over the past few months, with a more positive sentiment emerging [5][6] - Vacancy rates are expected to build slightly over the next two to three quarters, with a forecasted bottoming out below 8% in the U.S. [20][24] Company Strategy and Development Direction - Prologis emphasizes a strategy focused on quality earnings and a high-quality portfolio in logistics real estate, targeting markets with significant populations and high household incomes [67] - The company is exploring new capital sources and joint ventures to expand its $65 billion in third-party assets under management [51] - The Essentials business aims to provide additional services to smaller and medium-sized enterprises, enhancing customer relationships and contributing to EBITDA [48][49] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding demand trends, noting that the impact of new supply has been more muted than expected [73] - The company anticipates a reset in occupancy and rental rates by 2026, with expectations of returning to typical growth levels thereafter [76][78] - The ongoing e-commerce growth and challenges in new supply are seen as favorable for the logistics sector [58][59] Other Important Information - Prologis is focusing on AI and data center conversion opportunities, leveraging its existing logistics buildings for future use [43][44] - The transaction market is showing signs of improvement, with a 15% increase in volume year-to-date and multiple bidders for transactions [39][40] Q&A Session Summary Question: Has tenant decision-making improved post-tariff concerns? - Yes, there has been a positive momentum in leasing activity, with improvements in the conversion of proposals to signed leases [5][6] Question: What are the trends in box sizes and market activity? - Larger spaces are leasing better, with strong activity in LATAM and Southeast U.S. markets, while Europe has also shown good build-to-suit volume [14][31] Question: How is Prologis addressing the leasing pipeline? - The company is actively working to convert deals in the pipeline, focusing on optimizing occupancy and rent change rates [19][20] Question: What is the outlook for net absorption and vacancy rates? - The company expects net absorption to be between 75 and 100 million square feet for the year, with vacancy rates projected to bottom out in the coming quarters [24][25] Question: How is the transaction market performing? - The transaction market is improving, with a 15% increase in volume year-to-date and relatively flat values guided by appraisals [39][40] Question: What are the company's plans regarding AI initiatives? - The company plans to increase spending on AI initiatives in the coming year [62] Question: How does Prologis view the future growth of the logistics sector? - The company believes growth will remain stable, supported by favorable supply and demand dynamics [58][59]