Prologis Inc. Stock Price, News & Analysis

On September 7, 2021, Prologis (NYSE: PLD) announced a quarterly cash dividend of $0.63 per share for common stock, payable on September 30, 2021, to stockholders of record by September 17, 2021. Additionally, a dividend of $1.0675 per share will be paid on the 8.54% Series Q Cumulative Redeemable Preferred Stock on the same payment date, also to record stockholders by September 17. Prologis is a leader in logistics real estate, managing properties across 19 countries, focusing on high-growth markets.

Prologis, Inc. (NYSE: PLD) reported strong Q2 2021 results with a net earnings per diluted share of $0.81, up from $0.54 in Q2 2020. Core FFO per diluted share was $1.01, down from $1.11 last year. The average occupancy rate increased to 96.0%, with a net effective rent change of 31.5%. The company raised its guidance for 2021, expecting Core FFO growth of 12.8% and free cash flow after dividends of approximately $1.3 billion.

Key metrics include significant capital deployment and robust demand in logistics real estate.

Prologis, Inc. (NYSE: PLD) will host a webcast and conference call to discuss its second quarter results, current market conditions, and future outlook on July 19, 2021, at 9:00 a.m. PT / 12:00 p.m. ET. Investors can join the call by dialing +1 (833) 968-2252 (U.S. and Canada) or +1 (778) 560-2807 (international), entering conference code 2095953. The call will also be available via live webcast on the Prologis website. A replay will be available from July 19 to August 2.

Prologis focuses on logistics real estate, owning or investing in about 990 million square feet across 19 countries.

Prologis, a leader in logistics real estate, will be represented by CFO Thomas S. Olinger at the REITWeek 2021 Virtual Investor Conference on June 8, 2021, at 11:45 a.m. ET. The presentation will be accessible to all via complimentary registration. Prologis operates in high-growth markets, managing properties totaling around 990 million square feet as of March 31, 2021, serving approximately 5,500 customers in business-to-business and retail sectors. An updated investor presentation will also be available on June 8.

Prologis, Inc. (NYSE: PLD) has appointed Scott Marshall as the global head of its Customer Led Solutions division, aimed at enhancing relationships with multimarket customers. Reporting to chief customer officer Michael Curless, Marshall will focus on transforming customer experiences and strengthening broker relationships. With extensive experience from CBRE and Hana, Marshall aims to build on Prologis' innovative foundation. As of March 31, 2021, Prologis managed approximately 990 million square feet of logistics properties in 19 countries, serving around 5,500 customers.

Prologis, Inc. (NYSE: PLD) announced a partnership with the Association for Supply Chain Management to create a new logistics industry certificate aimed at developing talent. The certificate will launch in Q3 2021, addressing a critical skills gap in warehousing and logistics, which already employs 1.25 million workers in the U.S. The program aims to train 25,000 individuals by 2025, providing foundational logistics skills through an online platform. This initiative aligns with Prologis' commitment to enhancing workforce opportunities and supporting customer needs in a rapidly evolving sector.

The Board of Directors of Prologis (NYSE: PLD) announced the results of its 2021 annual stockholder meeting held on April 30, 2021. Key decisions included the election of 11 directors and the ratification of KPMG LLP as the independent accounting firm for 2021. However, the advisory vote on executive compensation for 2020 did not achieve the necessary favorable votes. Prologis remains committed to strong governance practices and will assess shareholder feedback regarding its executive compensation programs.

The Board of Directors of Prologis declared a quarterly cash dividend of $0.63 per share for common stockholders, payable on June 30, 2021, to those who are on record as of June 16, 2021. Additionally, a dividend of $1.0675 per share for the 8.54% Series Q Cumulative Redeemable Preferred Stock will also be paid on June 30, 2021, to Series Q stockholders on record by June 18, 2021. Prologis is a leader in logistics real estate, operating approximately 990 million square feet across 19 countries.