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 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.
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Prologis, Inc. (NYSE: PLD) will hold a conference call on January 19, 2022, at 9:00 a.m. PT to discuss its fourth quarter results and market conditions. Investors can join the call by dialing +1 (888) 330-2502 or accessing the live webcast via the Prologis Investor Relations website. A replay of the call will be available from January 19 to February 2. Prologis is a leader in logistics real estate, with approximately 994 million square feet of properties across 19 countries, serving over 5,500 customers.
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.