Prologis Inc. Stock Price, News & Analysis

Prologis (PLD) announced a planned leadership transition, with CEO and co-founder Hamid Moghadam retiring from his CEO role effective January 1, 2026. Moghadam will continue as executive chairman, focusing on strategic guidance. Current president Dan Letter will succeed as CEO and has joined the Board of Directors effective immediately.

Letter, who joined Prologis in 2004, has extensive experience within the company, currently overseeing global real estate operations, capital deployment, strategic capital, and Prologis Essentials. Prior to his role as president, he served as global head of capital deployment and held various leadership positions in the company's U.S. regions.

Moghadam co-founded Prologis' predecessor, AMB Property , in 1983, leading the company through its 1997 IPO and the 2011 merger with ProLogis to become a global leader in logistics real estate.

Prologis (NYSE: PLD) has released its tax treatment details for 2024 dividends. For common shares, the company distributed $0.96 per share quarterly, with each payment comprising primarily ordinary taxable income, along with smaller portions of qualified dividends and capital gains. The preferred shares (Series Q) received $1.0675 per share quarterly.

Shareholders who held PLD stock directly will receive IRS Form 1099-DIV through Computershare, while street name holders will get it from their brokers. The company notes that its 2024 federal income tax return hasn't been filed yet, and recommends consulting tax advisors regarding the federal, state, and local tax implications of these distributions.

Prologis (NYSE: PLD) reported strong Q4 2024 results with net earnings per diluted share at $1.37, up 101.5%, and Core FFO per share at $1.50, increasing 19.0%. For full-year 2024, net earnings per share reached $4.01, up 21.9%, while Core FFO per share slightly decreased by 0.9% to $5.56.

The company demonstrated solid operational performance with Q4 average occupancy at 95.8%, cash same store NOI at 6.7%, and net effective rent change of 66.3%. Deployment activity included $384M in acquisitions and $827M in development stabilizations during Q4. The company maintains strong financial position with $7.4B in available liquidity and a debt-to-EBITDA ratio of 4.6x.

For 2025, Prologis projects net earnings per share of $3.45-$3.70 and Core FFO per share of $5.65-$5.81, with average occupancy expected between 94.50-95.50%.

Prologis (NYSE: PLD), the global leader in logistics real estate, has scheduled its fourth quarter 2024 results announcement for January 21, 2025. The company will host a webcast and conference call with senior management at 9:00 a.m. PT/12:00 p.m. ET to discuss quarterly results, current market conditions, and future outlook. Investors can access the live broadcast via phone or webcast through the company's Investor Relations website. A replay will be available until February 4 through both telephone and web platforms.

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.