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 (NYSE: PLD) has announced a significant initiative with other major industrial REITs to standardize non-GAAP property metrics calculations across the sector. The Industrial REIT Group, comprising Prologis, EastGroup Properties, First Industrial Realty Trust, and STAG Industrial, has updated their methodology for key metrics including property stabilization, occupancy, rent change, and customer retention.
Building on their 2018 harmonization efforts, the group has reaffirmed criteria for same-store portfolio calculations and the exclusion of value-added and redevelopment properties. While minor calculation differences may persist, this standardization aims to enhance sector-wide consistency and comparability. The new methodologies are incorporated in Prologis' 2025 guidance and are not expected to materially impact the company's non-GAAP metrics for periods before 2025.
Prologis (NYSE: PLD) has announced its upcoming annual stockholders meeting scheduled for May 8, 2025, at 1:30 p.m. PT/4:30 p.m. ET. The meeting will be conducted virtually via live webcast, accessible to stockholders of record as of March 12, 2025.
The global logistics real estate leader will make a replay available in the Investor Relations section of their website under 'Events & Presentations.' Prologis positions itself as an industry pioneer, creating intelligent infrastructure for global commerce and connecting digital and physical worlds through:
- Agile supply chains
- Clean energy solutions
- Sustainable business growth initiatives
Prologis (NYSE: PLD), a leading logistics real estate company, has scheduled its first quarter 2025 earnings announcement for Wednesday, April 16, 2025, at 9:00 a.m. PT/12:00 p.m. ET. The company will host a webcast and conference call with senior management to discuss quarterly results, current market conditions, and future outlook.
Investors can access the live broadcast through a toll-free dial-in number for US and Canada (+1 877-897-2615) or international calls (+1 201-689-8514). A replay will be available from April 16 to April 30. The webcast can be accessed through the Investor Relations section of Prologis.com.
Prologis (NYSE: PLD) has announced its participation in two major industry conferences in Florida. The company's leadership team, including co-founder and CEO Hamid Moghadam, President Dan Letter, and CFO Tim Arndt, will present at the Citi 2025 Global Property CEO Conference on March 3 at 11:00 a.m. ET, providing a company overview and market outlook.
Additionally, CFO Tim Arndt will present at the Raymond James & Associates' 46th Annual Institutional Investors Conference on March 4 at 9:50 a.m. ET. Both presentations will be accessible via live audio webcast through the company's investor relations website.
Prologis, a leader in logistics real estate, focuses on creating intelligent infrastructure for global commerce, connecting digital and physical worlds through agile supply chains and sustainable solutions.
Prologis (NYSE: PLD) has announced a 5% increase in its annualized dividend to $4.04 per share of common stock. The company's Board of Directors has declared a quarterly cash dividend of $1.01 per share for common stockholders, payable on March 31, 2025, to shareholders of record as of March 18, 2025.
Additionally, holders of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock will receive a dividend of $1.0675 per share, also payable on March 31, 2025, to stockholders of record as of March 18, 2025.
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.