Prologis Inc. Stock Price, News & Analysis

Prologis, Inc. (NYSE: PLD) reported robust first-quarter results for 2022, with net earnings per diluted share at $1.54, up from $0.49 a year prior. Core FFO per diluted share increased to $1.09 from $0.97. Average occupancy was strong at 97.4%, with net effective rent growth of 37.0%. The company raised its 2022 guidance for net earnings to $4.85 to $5.00, reflecting a 10.1% increase. Liquidity remains strong with $6.8 billion on hand. Prologis is participating in the Biden Administration's supply chain initiative, enhancing its industry standing and operational performance.

Prologis, Inc. (NYSE: PLD) will host a webcast and conference call on April 19, 2022, at 9:00 a.m. PT to discuss its first quarter results, market conditions, and future outlook. Investors can access the live call by dialing +1 (888) 330-2502 or joining via the company’s website. A replay will be available from April 19 to May 3. Prologis, a leader in logistics real estate, manages approximately 1 billion square feet of properties across 19 countries, serving around 5,800 customers in business-to-business and retail sectors.

Prologis, Inc. (NYSE: PLD), a leader in logistics real estate, is set to host its annual stockholders meeting on May 4, 2022, at 1:30 p.m. PT / 4:30 p.m. ET. The meeting will be accessible via a virtual live webcast for stockholders of record as of March 7, 2022. A replay will be available on the Investor Relations section of www.prologis.com. As of December 31, 2021, Prologis managed properties totaling approximately 1.0 billion square feet across 19 countries, catering to around 5,800 customers.

Prologis, a leader in logistics real estate, announced that co-founder and CEO Hamid R. Moghadam, CFO Thomas S. Olinger, and incoming CFO Timothy D. Arndt will participate in the Citi 2022 Global Property CEO Conference on March 7 at 9:45 a.m. ET. The event will feature a company overview, market discussions, and a Q&A session. Investors can access the live broadcast and presentation materials via the Prologis website.

As of December 31, 2021, Prologis operated approximately 1.0 billion square feet of properties across 19 countries, serving around 5,800 customers.

Prologis, Inc. (NYSE: PLD) has announced a 25% increase in its annualized dividend to $3.16 per share. The quarterly cash dividend for the period ending March 31, 2022, is set at $0.79 per share for common stockholders, payable on March 31, 2022. The decision reflects the company’s strong organic growth and ongoing confidence in future earnings potential. This boost is attributed to robust same store NOI and earnings from strategic capital deployments, positioning the company for durable growth.

Prologis (NYSE: PLD) announced Tim Arndt as its new CFO, effective April 1, 2022, succeeding Tom Olinger, who is retiring. Olinger has contributed significantly to Prologis, expanding its scale and presence in the S&P 500. Arndt, a seasoned finance leader with Prologis since 2004, is expected to drive long-term shareholder value. His responsibilities will cover corporate finance, treasury, financial planning, and investor relations. Olinger will assist with the transition through the end of the year while pursuing philanthropic activities post-retirement.

Prologis, Inc. (NYSE: PLD) announced the tax treatment for its 2021 distributions, detailing both common and preferred stock dividends. Shareholders will receive IRS Form 1099-DIV from Computershare. The document outlines cash distributions for common shares, including dividends of $0.630 per share, with ordinary taxable income at $0.611877. Preferred shares also received distributions, totaling $1.0675 per share. The company emphasizes consulting tax advisors due to variations in taxation.

Prologis reported strong fourth quarter and full-year 2021 results, with net earnings per diluted share of $1.67 and Core FFO of $1.12 for Q4, up from $0.38 and $0.95 in 2020. The company maintained an average occupancy rate of 97.4% and significant net effective rent changes of 33.0%. For 2022, Prologis projects net earnings guidance of $4.40 to $4.55 and Core FFO of $5.00 to $5.10. It also ranks as the top REIT in the 2022 Global 100 Most Sustainable Corporations list.