Prologis Inc. Stock Price, News & Analysis

Prologis (NYSE: PLD) has sold a data center development in Chicago to HMC Capital. The facility, developed in partnership with Skybox Datacenters, is a converted warehouse with 32 megawatts capacity. Prologis has secured 1.6 gigawatts of power globally, with an additional 1.4 GW in advanced procurement stages.

The company has 490 MW under construction and has completed 29 data center projects since 1999. Looking ahead, Prologis plans to develop approximately 20 data center opportunities with $7-8 billion in additional investment over the next four years. The project is part of the company's U.S. Logistics Fund (USLF), focusing on premier logistics real estate and higher-use conversions.

Prologis (NYSE: PLD) has announced its quarterly dividend declarations. The company will pay a regular cash dividend of $0.96 per share on common stock and $1.0675 per share on its 8.54% Series Q Cumulative Redeemable Preferred Stock. Both dividends will be paid on December 31, 2024, to stockholders of record as of December 16, 2024.

Prologis (NYSE: PLD) reported strong Q3 2024 results, with net earnings per diluted share increasing 35.0% to $1.08. Core FFO per diluted share rose 10.0% to $1.43. The company highlighted an ongoing flight to quality within the industry and improving supply conditions. Key operational metrics include:

- Average occupancy of 95.9% for owned & managed properties
- Cash Same Store NOI growth of 7.2%
- Net effective rent change of 67.8%
- Development starts of $392M with an estimated weighted average yield of 9.0%

Prologis revised its 2024 guidance, narrowing the range for net earnings to $3.35-$3.45 per diluted share and Core FFO to $5.42-$5.46 per diluted share. The company maintains a strong balance sheet with $6.6 billion in total available liquidity and a debt-to-EBITDA ratio of 5.1x.

Prologis (NYSE: PLD) hosted its fourth annual GROUNDBREAKERS thought leadership forum in London, featuring discussions on artificial intelligence, company culture, and global economic trends. The event included keynotes from Prologis CEO Hamid R. Moghadam and FedEx Chairman Fred Smith, who emphasized the importance of digitizing data for AI success and fostering a culture of innovation.

Panel discussions covered various topics, including:

• The future of delivery and optimizing infrastructure
• Changing consumer expectations in the fashion industry
• Healthcare innovation and automation
• Energy challenges, electrification, and decarbonization

The forum attracted hundreds of in-person attendees and thousands of virtual participants. All sessions are available for on-demand streaming, and the next GROUNDBREAKERS event is scheduled for October 2, 2025, in Los Angeles.

Prologis has released its inaugural 2025 Global Supply Chain Outlook report, conducted by The Harris Poll. The survey of over 1,000 business executives in the U.S., U.K., and Germany reveals key insights into supply chain challenges and future trends:

1. Supply Chain Pressures: 66% of executives lose sleep over supply chain issues, with 86% citing economic and geo-political pressures as driving factors in manufacturing and storage decisions.

2. Sustainability Focus: 85% of executives now view sustainability as a core business objective, with 79% feeling the need to accelerate the transition to alternative energy sources.

3. Automation and AI: 87% of executives believe investing in automation will significantly reduce labor-related issues. 80% feel pressure to adopt AI practices to stay competitive, despite implementation challenges.

4. Future Preparedness: Only about 40% of executives feel adequately prepared for challenges like cybersecurity attacks, technological disruptions, and regulatory changes.

The report highlights the growing importance of sustainability, automation, and AI in shaping the future of supply chain management.

Prologis, Inc. (NYSE: PLD) is celebrating the 20th anniversary of its U.S. Logistics Fund (USLF), a private flagship investment fund with $24 billion in assets under management. Since its inception in 2004, USLF has consistently delivered high returns and played a important role in the growth of logistics investments across the United States.

Key highlights of USLF's performance include:

• Strong outperformance with low leverage
• Average operating occupancy of 96.8% over the past 10 years
• Attracted 127 institutional investors from 15 countries
• Funded $2.9 billion in redemption requests
• Expanded from 4.5 MSF in 8 markets to over 125 MSF in 28 markets

USLF remains positioned for future growth, focusing on high-value logistics centers in key U.S. hubs and investing in innovative technologies to enhance its portfolio.

Prologis (NYSE: PLD), the global leader in logistics real estate, has announced it will host a webcast and conference call to discuss its third quarter 2024 results on Wednesday, October 16, 2024, at 9:00 a.m. PT/12:00 p.m. ET. The event will feature senior management discussing the company's performance, current market conditions, and future outlook.

Interested parties can access the live broadcast by dialing +1 (877) 897-2615 (toll-free from the US and Canada) or +1 (201) 689-8514 (from other countries). A live webcast will be available on the Investor Relations section of www.prologis.com. A telephonic replay will be accessible from October 16 to October 30, while the webcast replay will be posted on the company's website under 'Events & Presentations'.

Prologis, the global leader in logistics real estate, announced its participation in the BofA Securities 2024 Global Real Estate Conference. Tim Arndt, the company's chief financial officer, will present at the event on Tuesday, September 10, at 12:45 p.m. ET. The presentation will take place at the Bank of America Tower in New York City.

Investors and interested parties can access a live audio webcast of Prologis' presentation through the company's investor relations website. This event provides an opportunity for Prologis to showcase its position in the logistics real estate market and share insights with industry professionals and potential investors.

Prologis (NYSE: PLD) has declared its quarterly dividend for Q3 2024. Common stockholders will receive $0.96 per share, while holders of the 8.54% Series Q Cumulative Redeemable Preferred Stock will receive $1.0675 per share. Both dividends are payable on September 30, 2024, to stockholders of record as of September 16, 2024. This announcement demonstrates Prologis' commitment to delivering consistent returns to its shareholders and reflects the company's financial stability in the real estate investment trust (REIT) sector.