Welcome to our dedicated page for Prologis news (Ticker: PLD), a resource for investors and traders seeking the latest updates and insights on Prologis stock.
Prologis, Inc. operates as a global logistics real estate REIT with industrial and distribution facilities, build-to-suit development activity, and a Strategic Capital asset management business for institutional partners. Company news commonly covers leasing trends, Core FFO and earnings results, development starts, customer demand across logistics markets, and expansion of adjacent infrastructure such as data center, solar and energy storage portfolios.
Recurring updates also include dividends on common stock and Series Q preferred stock, Strategic Capital joint ventures, capital allocation commentary, management presentations, and market outlook commentary tied to logistics real estate and supply-chain infrastructure.
On January 26, 2023, Prologis announced the tax treatment for Duke Realty Corporation's (DRE) 2022 distributions following its $23 billion acquisition, which completed in October 2022. Each Duke Realty share converted to 0.475 of Prologis shares. Holders of Duke Realty stock will receive IRS Form 1099-DIV for tax reporting via Equiniti, with guidance to consult tax advisors for implications. Key dates for cash distributions include February 16 and May 16, 2022, with amounts of $0.28 per share. The announcement emphasizes Prologis's role in the logistics real estate sector, owning about 1.2 billion square feet of properties worldwide.
Prologis, Inc. (NYSE: PLD) announced the tax treatment of its 2022 distributions in a recent press release. Shareholders will receive IRS Form 1099-DIV from Computershare or their respective brokers. Key details include cash distributions of $0.79 per share paid quarterly, with $0.7691 classified as ordinary taxable income. Prologis also reported that the federal tax return for 2022 has not been filed yet, advising shareholders to consult tax advisors for accurate reporting. The preferred stock distributions are similarly detailed, emphasizing the importance of tax implications for both common and preferred shareholders.
Prologis, Inc. (NYSE: PLD) reported its 2022 financial results, highlighting robust performance despite economic challenges. For Q4 2022, net earnings per diluted share decreased to $0.63 from $1.67 in Q4 2021, while full-year earnings rose to $4.25 from $3.94. Core funds from operations (Core FFO) also grew, reaching $1.24 per diluted share in Q4 2022, up from $1.12 in Q4 2021, and $5.16 for the year versus $4.15 previously. Prologis anticipates a Core FFO growth of 9.5% in 2023, indicating confidence in its ability to navigate the current economic landscape. The company enters 2023 with $4 billion in liquidity and plans significant capital deployments.
Prologis announced the promotion of Scott Marshall to chief customer officer, effective April 1, 2023, following the retirement of Mike Curless, who will transition to a senior advisor role. Marshall, previously the global head of Customer Led Solutions, is expected to enhance customer relationships and leverage data-driven insights. Prologis, the largest logistics real estate provider, operates over 1.2 billion square feet of properties and aims to deepen connections with customers while addressing sustainability needs.
Prologis, Inc. (NYSE: PLD), a leader in logistics real estate, will host a webcast and conference call on January 18, 2023, at 9:00 a.m. PT to discuss its fourth quarter results, current market trends, and future outlook. Investors can join the call by dialing +1 (877) 897-2615 or via a webcast at www.prologis.com. This session will provide insights into Prologis's performance and strategies as of September 30, 2022, when the company managed properties totaling approximately 1.0 billion square feet across 19 countries.
Prologis (NYSE: PLD) announced a study with Oxford Economics detailing its economic impact. In 2022, 2.8% of global GDP flowed through Prologis properties, totaling $2.7 trillion in goods — a 23% rise from 2020. The study highlighted that Prologis is responsible for 36.2% of goods consumption in the U.S. and generated $66 billion in tax impacts from $300 billion in economic activity across 19 countries. The report emphasizes Prologis's essential role in global logistics and supply chains, particularly following its recent acquisition of Duke Realty.
The Board of Directors of Prologis, Inc. (NYSE: PLD) has declared a cash dividend of $0.79 per share for common stock, payable on December 30, 2022, to stockholders on record by December 19, 2022. Additionally, a dividend of $1.0675 per share for the 8.54% Series Q Preferred Stock will be paid on January 3, 2023. As of September 30, 2022, Prologis owned or invested in approximately 1.0 billion square feet of logistics properties across 19 countries.
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Prologis, Inc. (NYSE: PLD) has launched two major electric truck charging sites to assist Performance Team in electrifying its commercial fleet. Located in Southern California, these installations will charge up to 38 Volvo VNR Electric trucks with over 4 megawatts of capacity. The Prologis Mobility platform provides a seamless, cost-effective solution, enabling clients to focus on sustainability without upfront costs. California aims for all heavy-duty trucks to be zero-emissions by 2045, prompting logistics firms to adopt similar goals. This initiative underlines Prologis's commitment to supporting the logistics industry's transition to electric vehicles.
Prologis hosted its annual GROUNDBREAKERS forum on October 25, 2022, in New York, gathering leaders in logistics and supply chain transformation. The event emphasized the need for customer-centric, sustainable solutions in the global supply chain. Discussions included technology investments for growth, the importance of ESG commitments, and the future of clean energy. Prologis owns approximately 1.0 billion square feet of logistics real estate across 19 countries, serving around 5,800 customers.