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.
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Prologis reported Q1 2023 results, with net earnings per diluted share at $0.50, a decline from $1.54 in Q1 2022 due to fewer gains on dispositions. However, Core FFO per diluted share rose to $1.22, up from $1.09 a year earlier. The company noted strong demand despite some decision-making delays, maintaining a 98.0% average occupancy and a record 11.4% cash same-store NOI. Future guidance includes an increase in net earnings to $3.10 to $3.25 per diluted share and Core FFO of $5.42 to $5.50. Prologis holds a robust liquidity position of $6.7 billion, with minimal debt maturities until 2026, indicating solid financial health despite economic uncertainties.
Prologis, Inc. (NYSE: PLD) will hold its annual stockholders meeting on May 4, 2023, at 1:30 p.m. PT via virtual webcast. Stockholders of record as of March 7, 2023 are invited to attend. The meeting can be accessed through the annual shareholder meeting link.
Prologis is a global leader in logistics real estate, managing around 1.2 billion square feet of properties across 19 countries. The company serves approximately 6,600 customers with modern logistics facilities.
Prologis, Inc. (NYSE: PLD) will host a webcast and conference call on April 18, 2023, at 9:00 a.m. PT to discuss its first quarter results, current market conditions, and future outlook. The live call can be accessed by dialing +1 (877) 897-2615 or via webcast on the company's website. A replay will be available until May 2, 2023. As of December 31, 2022, Prologis owned or had investments in properties totaling approximately 1.2 billion square feet across 19 countries, serving around 6,600 customers in logistics real estate.
On March 3, 2023, Prologis, Inc. (NYSE: PLD) announced its participation in two upcoming industry conferences. Hamid Moghadam, Dan Letter, and Tim Arndt will present at the Citi 2023 Global Property CEO Conference on March 6 at 3:00 p.m. ET in Hollywood, Florida, discussing market conditions and the company's outlook. Additionally, Tim Arndt will address the Raymond James & Associates' 44th Annual Institutional Investors Conference on March 8 at 8:05 a.m. ET in Orlando, Florida. Both presentations will be available via live audio webcast on Prologis' investor relations website.
Prologis is a global leader in logistics real estate, owning approximately 1.2 billion square feet of properties in 19 countries, serving around 6,600 customers.
The Board of Directors of Prologis (NYSE: PLD) has approved a 10% increase in the annualized dividend, raising it to $3.48 per share. The quarterly cash dividend of $0.87 per common share is payable on March 31, 2023, to stockholders of record by March 17, 2023. Additionally, a dividend of $1.0675 per share will be paid to Series Q preferred stockholders. The CFO, Timothy D. Arndt, emphasized the company’s confidence in its business and balance sheet, indicating a commitment to delivering long-term value for investors.