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, 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.
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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.
Prologis, Inc. (NYSE: PLD), a global leader in logistics real estate, announced participation in two upcoming investor conferences. At the Evercore ISI 2020 Real Estate Conference on September 10, CEO Hamid R. Moghadam will discuss leveraging logistics platforms. CFO Thomas S. Olinger will speak at the BofA Securities 2020 Global Real Estate Conference on September 15. Prologis operates approximately 963 million square feet of logistics facilities across 19 countries, catering to about 5,500 customers in diverse sectors.
On September 4, 2020, Prologis declared a regular cash dividend of $0.58 per share for common stock, payable on September 30, 2020, to stockholders of record by September 17, 2020. Additionally, a dividend of $1.0675 per share will be paid to holders of the company’s 8.54% Series Q Cumulative Redeemable Preferred Stock, also on September 30, 2020. Prologis, a leader in logistics real estate, operates approximately 963 million square feet of properties across 19 countries.
Prologis (NYSE: PLD) has announced an expansion of its Community Workforce Initiative (CWI) aiming to train 25,000 individuals for logistics jobs by the end of 2025. Partnering with JFF, the initiative will offer an online training platform focusing on essential workforce skills and logistics-specific training, including virtual reality tools. Prologis will also fund community organizations to assist job seekers. The program responds to the growing demand for skilled logistics workers, with projections for 600,000 new jobs in the sector by 2026.