Prologis Inc
PLD
ISIN US74340W1036 / Valor 13090717
Prologis Inc
UMushroom community rating:
About company
Prologis Inc is a leading company in logistics real estate, specializing in providing innovative solutions on a large scale. With expertise and agility, Prologis is able to deliver groundbreaking solutions to meet the needs of its clients in the logistics industry. The company's focus on logistics real estate allows it to play a crucial role in facilitating the movement of goods and services around the world.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (17.12.2024):
Net Earnings Growth
Prologis Inc. reported a significant increase in net earnings per diluted share for the third quarter of 2024, reaching $1.08. This marks a 35.0% increase compared to the same period in 2023, primarily driven by higher disposition gains.
Core Funds from Operations
The company's Core Funds from Operations (Core FFO) per diluted share rose to $1.43, reflecting a 10.0% increase from the previous year. Excluding Net Promote Income (Expense), Core FFO per diluted share was $1.45, up by 9.0%.
Operating Performance
Prologis Inc. achieved an average occupancy rate of 96.1% in its operating portfolio during the third quarter of 2024. The company also reported a 7.2% increase in Cash Same Store Net Operating Income (NOI) and a 67.8% change in Net Effective Rent.
Deployment Activity
During the third quarter of 2024, Prologis Inc. engaged in significant deployment activities, including acquisitions worth $1,250 million with a weighted average stabilized cap rate of 5.1%. The company also reported development stabilizations valued at $784 million, with an estimated weighted average yield of 6.2%.
2024 Guidance
Prologis Inc. revised its 2024 guidance for net earnings per diluted share to a range of $3.35 to $3.45. The guidance for Core FFO attributable to common stockholders/unitholders was adjusted to a range of $5.42 to $5.46, reflecting the company's positive outlook for the remainder of the year.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
98999 M
Market cap (USD)
569,613
Daily traded volume (Shares)
104.8 / 103.49
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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