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.
Prologis, Inc. (NYSE: PLD) announced a $0.63 cash dividend per share for common stockholders, payable on December 31, 2021. Stockholders of record as of December 14, 2021 will receive this dividend. Additionally, a dividend of $1.0675 per share will be distributed for the 8.54% Series Q Cumulative Redeemable Preferred Stock, also payable on December 31, 2021. Prologis is a leader in logistics real estate, managing properties across 19 countries with an investment footprint of approximately 994 million square feet.
Prologis, Inc. (NYSE: PLD) has received the inaugural Terra Carta Seal from HRH The Prince of Wales, recognizing its commitment to sustainability. This honor highlights Prologis' efforts in sustainable logistics, including a goal for 100% carbon-neutral construction by 2025 and a target of 400 megawatts of solar capacity. The Terra Carta Seal is awarded to only 45 companies globally for demonstrating innovative sustainability practices. Prologis aims to achieve green certification for all new developments, emphasizing its leadership in environmentally friendly logistics real estate.
Employ Prince George's has launched the Transportation and Logistics Consortium (TALC) Industry Bridge Program in partnership with Prologis and Jobs for the Future (JFF). This initiative aims to equip residents of the DMV area with skills for careers in the transportation, distribution, and logistics sectors. With a projected 29% growth in logistics jobs by 2022, TALC offers both in-person and online training, addressing local driver shortages while compensating participants $15-$20 per hour for up to 35 hours weekly.
On October 27, 2021, Prologis, Inc. (NYSE: PLD) held its inaugural event, 'Groundbreakers 2021,' addressing supply chain challenges like transportation innovation and renewable energy. The event featured discussions with industry leaders, including UPS CEO Carol Tomé and Prologis CEO Hamid Moghadam. Prologis also launched the GROUNDBREAKERS magazine, showcasing 14 influential figures reshaping global logistics. As of September 30, 2021, Prologis owned or invested in properties totaling approximately 994 million square feet across 19 countries, serving around 5,500 customers.
Prologis, Inc. (NYSE: PLD) highlights a logistics crisis in a recent report due to low logistics space, a slowdown in goods flow, and rising construction costs. The company notes record U.S. net absorption of 115 million square feet in Q3 2021, driving vacancy rates down to 3.9%. Prologis anticipates increasing demand for logistics real estate, with 800 million square feet needed to address future shortages. Upcoming discussions at their event will cover supply chain, transportation, and workforce challenges, featuring industry leaders and innovative solutions for a resilient supply chain.
Prologis reported a significant increase in its Q3 2021 earnings, with net earnings per diluted share rising to $0.97 from $0.40 in Q3 2020. Core funds from operations (Core FFO) per diluted share improved to $1.04 from $0.90. The company experienced record rent increases and low vacancies, with an occupancy rate of 96.6%. Additionally, Prologis revised its 2021 earnings guidance upward, projecting net earnings between $3.64 and $3.68 per diluted share, reflecting a 17.7% increase. Its liquidity remains strong, with $5.5 billion in cash available.
Prologis, Inc. (NYSE: PLD) will host a conference call on October 15, 2021, to discuss its third-quarter results and market outlook at 9:00 a.m. PT.
Interested parties can access the call at +1 (833) 968-2252 in the U.S. and +1 (778) 560-2807 internationally, using conference code 1931016. A virtual analyst webinar is scheduled for October 18, 2021, at 7:00 a.m. PT, focusing on the company's development strategies. Prologis is a leader in logistics real estate, managing properties totaling approximately 995 million square feet globally.
Prologis (NYSE: PLD) is expanding its Community Workforce Initiative (CWI) in six major U.S. cities, aiming to train 10,000 individuals for logistics jobs over the next two years. This program is part of a broader goal to train 25,000 workers by 2025. Current labor statistics indicate a projected job increase of 29% in logistics sectors by 2022, emphasizing the need for trained workers. Prologis is partnering with JFF to enhance educational opportunities, thus supporting the logistics industry's growth and workforce needs.
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.