Prologis Inc. Stock Price, News & Analysis

Prologis, Inc. (NYSE: PLD) announced a $0.58 per share cash dividend for Q4 2020, payable on December 31, 2020, to stockholders of record by December 18, 2020. Additionally, a dividend of $1.0675 per share of its 8.54% Series Q Cumulative Redeemable Preferred Stock will also be paid on the same date. Prologis, a leader in logistics real estate, manages approximately 976 million square feet of properties across 19 countries, emphasizing on high-barrier, high-growth markets.

Prologis, a leader in logistics real estate, announced that Thomas S. Olinger, CFO, will participate in the Goldman Sachs 2020 US Financial Services Conference on December 9, 2020, at 1:20 p.m. ET. Olinger will present a company overview, discuss market conditions, and provide insights on future outlooks, followed by a Q&A session. The event will be available for live streaming, accessible via a webcast for 90 days. As of September 30, 2020, Prologis owned or invested in properties totaling approximately 976 million square feet across 19 countries.

Prologis, Inc. (NYSE: PLD) announced the redemption of all outstanding 3.00% Notes due January 18, 2022. The bonds will be redeemed at 106.56% of the principal amount, totaling approximately €1,066 per €1,000 in principal. This redemption will lead to the delisting of the bonds from the New York Stock Exchange, effective December 30, 2020. The company currently operates in 19 countries, managing properties totaling approximately 976 million square feet.

Prologis, Inc. (NYSE: PLD) announced that CFO Thomas S. Olinger will present at REITWorld 2020: NAREIT's Virtual Investor Conference on November 17, 2020, at 3:45 p.m. ET. The presentation lasts 30 minutes, and registration for the event is complimentary. Prologis is a leader in logistics real estate, managing approximately 976 million square feet of properties in 19 countries as of September 30, 2020. The firm serves about 5,500 customers in sectors including business-to-business and retail fulfillment.

Prologis (NYSE: PLD), a leader in logistics real estate, has successfully sold a portfolio of assets in the UK to Blackstone for £473 million ($618 million). This transaction marks the largest sale of logistics real estate in the UK to date and aligns with Prologis' strategic focus on key distribution locations. The portfolio includes 22 buildings totaling 4.3 million square feet and 31 acres of consented development land. The sale contributes to the company's 2020 disposition guidance of $1.3 to $1.5 billion.

Prologis (NYSE: PLD) reported third-quarter 2020 earnings with net earnings per diluted share at $0.40, down from $0.71 in Q3 2019. Core FFO was $0.90, compared to $0.97 year-over-year. The company recorded a period-end occupancy of 95.6% and a 72.8% lease retention rate, declining 810 basis points from Q2 2020. Revenue growth was driven by a 25.9% net effective rent change, led by a 30.7% increase in the U.S. Prologis anticipates improved guidance for 2020, projecting a Core FFO growth of 13.7% year-over-year and free cash flow after dividends at $1.1 billion.

Prologis, Inc. (NYSE: PLD), a leader in logistics real estate, will host a conference call on October 20, 2020, at 9:00 a.m. PT to discuss its third quarter results and market outlook. Interested parties can join by dialling +1 (833) 968-2252 or +1 (778) 560-2807 for international access. The call will also be available via webcast on Prologis' Investor Relations page. As of June 30, 2020, Prologis operated around 963 million square feet of properties across 19 countries.