SAN FRANCISCO, June 16, 2025 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) will host a webcast and conference call with senior management to discuss its second quarter results, current market conditions and future outlook on Wednesday, July 16, 2025, 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 accessed from the Investor Relations section of ...

Core Viewpoint - ARGAN has signed a new lease for a 7,000 sq.m logistics site in Serris, which will serve as a national logistics hub for ZyCOM, a client specializing in telecom distribution, highlighting the company's successful rental management and the relevance of its environmentally friendly Aut0nom® logistics standard [2][5][6]. Company Overview - ARGAN is a leading French real estate company focused on the development and rental of premium warehouses, with a portfolio of approximately 3.7 million sq.m, generating an annual rental income of nearly €205 million as of December 31, 2024 [7][8]. - The company operates under the Aut0nom® label, which signifies carbon-neutral buildings, and has developed 15 such projects across France since 2022 [3][4]. Environmental and Technical Features - The Aut0nom® logistics site in Serris utilizes electric heat pumps and generates its own green energy through a photovoltaic power station, achieving a BREEAM Very Good certification [3][5]. - ZyCOM's Senior Project Manager emphasized the site's technical and environmental qualities, aligning with the company's high environmental ambitions [6]. Financial Performance - ARGAN maintains a 100% occupancy rate across its portfolio of 100 warehouses, reflecting the expertise of its teams in rental management [5]. - The company holds an investment-grade rating of BBB- with a stable outlook from Standard & Poor's, indicating financial solidity [8].

Shares of First Industrial Realty Trust (NYSE: FR ) have been a modest performer over the past year, gaining just about 3%. As a major owner of logistics real estate with a significant West Coast presence, FR has meaningful exposure to tariffs, particularly onOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an art ...

Prologis (PLD) Conference Call Summary Company Overview - Prologis is the world's leading industrial real estate company, owning 1.3 billion square feet of industrial warehouse property across 20 countries, which account for approximately 78% of global GDP [1][2][4] - The company operates in four main business segments: operating business, development business, asset management (Strategic Capital), and essentials [3][4][6][7] Key Business Segments 1. **Operating Business** - 1.3 billion square feet of operating assets [3] 2. **Development Business** - A history of developing nearly $50 billion worth of product at nearly a 30% margin [4] - $41 billion development opportunity in the land bank, controlling 15,000 acres globally [5] - Data center pipeline projected at 10 gigawatts, with 1.4 gigawatts of power secured [5][6] 3. **Asset Management (Strategic Capital)** - Manages $63 billion of third-party capital, which covers company overhead [6] 4. **Essentials Business** - Includes energy initiatives, such as a solar program generating 1 gigawatt of power by year-end [7][8] - Focus on operational essentials to support warehouse operations [8][42] Market Dynamics - The logistics industry is valued at $2.4 trillion, with warehouses being essential to the supply chain [10] - E-commerce is a significant driver of warehouse demand, utilizing three times the space of traditional retail [10][11] - Barriers to entry in the industrial real estate market are increasing, particularly post-COVID [11][12] Current Demand Environment - Market occupancy reached 97% in 2022, but absorption slowed in late 2023 due to economic uncertainties [14][15] - Following the U.S. election, leasing activity surged, with a record 61 million square feet signed in Q4 [16][17] - Current leasing activity is strong, particularly in e-commerce and domestic sourcing sectors [21][22] Development and Pricing Insights - Replacement cost rents are approximately 20% higher than current market rents, indicating potential for future growth [27][28] - The transaction market remains resilient, with a focus on assets valued between $50 million and $150 million [31] Earnings Guidance and Stability - Prologis reaffirmed its 2025 earnings guidance, expecting stable earnings despite market volatility [33][34] - The company has a fortress balance sheet and is positioned to capitalize on growth opportunities [58] Data Center Strategy - Prologis is converting logistics buildings to data centers due to high demand, with a focus on Tier 1 markets [36][39] - The data center business is seen as a significant growth opportunity, with a 10-gigawatt pipeline [40] Essentials Business and Customer Loyalty - The essentials business aims to deepen customer relationships through solar energy, EV charging, and operational essentials [42][44] - This segment is expected to contribute positively to EBITDA and enhance customer loyalty [44] Future Outlook - Prologis is focused on execution and innovation, with ambitious plans for growth across all business segments [45][47] - The company views current uncertainties as opportunities, with a strong leasing pipeline and favorable supply dynamics [58][59]

CHICAGO, June 2, 2025 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, will present at Nareit's REITWeek 2025 Investor Conference on Tuesday, June 3, 2025 at 2:30 PM EDT (1:30 PM CDT).A webcast of the presentation will be available on First Industrial's website at www.firstindustrial.com under the "Investors" tab. A replay of the webcast will also be available on the website through Thursday, July 3, 2025.First ...

Group 1: Prologis Overview - Prologis is the largest REIT in the world with a market cap exceeding $100 billion and over $200 billion in assets under management, owning interests in 5,900 buildings with 1.3 billion square feet of space across 20 countries [1] - Prologis plays a crucial role in supporting global trade and e-commerce through its warehouse properties [1] Group 2: Competitors and Growth Potential - Equinix, with a market cap approaching $85 billion, is the leading data center REIT, operating 270 data centers in 35 countries, and is positioned for significant growth due to increasing demand for data center capacity [4][5] - Realty Income, the seventh largest global REIT with $59 billion in assets, owns over 15,600 properties and has diversified its portfolio across various sectors, including retail, industrial, and gaming [7][8] - Realty Income has a total addressable market opportunity of $14 trillion, having expanded into multiple growth markets, including U.S. industrial, European markets, U.S. casino properties, and U.S. data centers [10] Group 3: Strategic Initiatives - Equinix is expanding its global data center portfolio with 56 major projects underway in 24 countries, indicating strong demand for data centers [6] - Realty Income has been actively acquiring other net lease REITs and investing billions annually to grow its portfolio, including a $3.9 billion investment in property acquisitions last year and a $9.3 billion acquisition of Spirit Realty [9] - Realty Income is launching a private capital investment fund platform to tap into the $18.8 trillion U.S. private real estate market, enhancing its growth potential [11] Group 4: Future Outlook - Prologis has significant growth potential but faces competition from Equinix and Realty Income, which could surpass it in market size within the next decade [12][13]

Press release – Neuilly-sur-Seine, Thursday, May 15, 2025 – 5.45 pm ARGAN finalized the refurbishment and extension of a fulfilment centre for GEODIS in Toulouse ARGAN is taking part in the growth of its client-tenant “GEODIS” with the delivery of an extension of its Bruguières (31) fulfilment centre. On top of extending the total built area to 14,000 sq.m, these works were an opportunity to refurbish the existing building and to thus give an even longer-term perspective to the partnership with GEODIS throu ...

Financial Data and Key Metrics Changes - Revenue increased by 12.9% to $11.8 million and NOI grew almost 6% to $9.4 million in Q1 2025 [5] - Average rent per square foot increased by 1.9% across the property portfolio compared to Q1 2024 [14] - Net debt to adjusted EBITDA improved, decreasing by 30 basis points over the same period [17] Business Line Data and Key Metrics Changes - Peru, representing 29% of the portfolio GLA, saw rental income grow by 38.4% [15] - Costa Rica, accounting for 47% of the portfolio, experienced a revenue increase of 6.1% [15] - Colombia, which makes up 24% of the portfolio, delivered a 2.6% revenue increase [15] Market Data and Key Metrics Changes - Peru's economy is characterized by low inflation, minimal government debt, and low unemployment, contributing to strong consumer spending [5] - Mexico is viewed as a new avenue for long-term growth, with a focus on logistics rather than light manufacturing due to tariff uncertainties [10][12] Company Strategy and Development Direction - The company aims to replicate its success in Mexico while being selective in investments, focusing on logistics space driven by domestic consumption [10][12] - Plans to increase footprint in Lima with a new 215,000 square foot building, already 73% pre-leased [7] - The company maintains a strong pipeline of near and long-term investment opportunities in foundational markets and Mexico [26] Management's Comments on Operating Environment and Future Outlook - Management remains constructive on Mexico's medium and long-term prospects despite tariff uncertainties [10] - The foundational markets are demonstrating resilience, with expectations for additional NOI growth this year [26] - The company emphasizes the importance of being selective about customers and investments to scale its regional platform [26] Other Important Information - The company achieved 100% occupancy across its operating portfolio of 5.6 million square feet [7] - G&A expenses increased by 112% due to higher professional services and D&O insurance expenses [16] - The company repurchased $800,000 worth of ordinary shares during the quarter, totaling 2.1 million buybacks [17] Q&A Session Summary Question: Is the company shying away from light manufacturing in Mexico? - Management prioritizes logistics assets in Mexico and is being selective regarding light manufacturing, particularly in the auto sector [20][22] Question: Are tenants still in a wait-and-see mode regarding tariffs? - Management indicates that foundational markets are mostly consumer-driven, and tariffs have not significantly impacted leasing activity [21][24]

Financial Data and Key Metrics Changes - LPA's revenue increased by 12.9% to $11.8 million, while NOI grew almost 6% to $9.4 million in Q1 2025 [5][14] - Average rent per square foot increased by 1.9% across the property portfolio compared to Q1 2024 [14] - The net debt to adjusted EBITDA improved, decreasing by 30 basis points over the same period [16] Business Line Data and Key Metrics Changes - Peru, representing 29% of LPA's portfolio GLA, saw rental income grow by 38.4% [15] - Costa Rica, accounting for 47% of the portfolio, experienced a revenue increase of 6.1% [15] - Colombia, which makes up 24% of the portfolio, delivered a 2.6% revenue increase [15] Market Data and Key Metrics Changes - Peru's economic environment is characterized by low inflation, minimal government debt, and low unemployment, contributing to strong consumer spending [5][6] - Mexico is viewed as a long-term growth avenue, with a focus on logistics rather than light manufacturing due to tariff uncertainties [10][12] Company Strategy and Development Direction - LPA plans to increase its footprint in Lima with a new 215,000 square foot building, which is already 73% pre-leased [7] - The company aims to replicate its success in Mexico while being selective in investments due to potential tariff impacts [10][12] - LPA maintains a disciplined approach to investment, focusing on logistics space driven by domestic consumption [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of foundational markets and the potential for additional NOI growth in 2025 [26] - The company is focused on high-quality customers and investments to scale its regional platform [26] - Management noted that tariffs have not significantly impacted operations in foundational markets, which are primarily consumer-driven [22] Other Important Information - LPA's entire operating portfolio reached 100% occupancy, marking a significant milestone [7] - The company has a healthy maturity profile with no significant debt due in the near term [16] - LPA repurchased $800,000 worth of ordinary shares during the quarter, totaling 2.1 million in buybacks [16] Q&A Session Summary Question: Is LPA shying away from light manufacturing in Mexico? - Management indicated a preference for logistics assets in Mexico while remaining selective about light manufacturing due to current uncertainties [21] Question: Are tenants still in a wait-and-see mode regarding tariffs? - Management noted that foundational markets are mostly consumer-driven, and tariffs have not significantly affected leasing activity [22][23]