Profile
Sector:
Real EstateIndustry:
IndustrialCountry:
United StatesIPO:
21 November 1997Website:
http://www.prologis.comNext earnings report:
17 January 2025Last dividends:
16 September 2024Next dividends:
N/APrice
regular market | 6 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
PLD Latest News
Prologis (PLD) closed at $113.97 on the most recent trading day, showing a decrease of 0.5% from its previous closing price.
Prologis presents an attractive investment option with a 3.4% dividend yield, a solid financial position, and a valuation that is lower compared to its past P/FFO. The company's top-notch industrial properties in key areas create significant barriers to entry and support the growth of e-commerce. It shows strong growth indicators, such as high occupancy rates, good rent increases, and a planned development pipeline that includes solar energy projects.
MEXICO CITY, Oct. 30, 2024 /PRNewswire/ -- FIBRA Prologis (BMV:FIBRAPL 14), a top owner and operator of Class-A industrial properties in Mexico, has announced that its Manager, Prologis Property México, S.A. de C.V., will lower its Asset Management Fee. The new fee structure will be based on the fair market value of the portfolio, with changes effective from January 1, 2025. An amendment to the Management Agreement will be made to confirm this adjustment.
MEXICO CITY, Oct. 29, 2024 /PRNewswire/ -- FIBRA Prologis (BMV:FIBRAPL 14), a top owner and manager of Class-A industrial properties in Mexico, has announced its results for the third quarter of 2024. KEY POINTS FROM THE QUARTER: The net effective rents during lease renewals were 56.2 percent.
MEXICO CITY, Oct. 21, 2024 /PRNewswire/ -- FIBRA Prologis (BMV:FIBRAPL 14), a top owner and manager of Class-A industrial properties in Mexico, announced a cash distribution of Ps. 1,083.7 million (US$54.2 million) today.
MEXICO CITY, Oct. 21, 2024 /PRNewswire/ -- FIBRA Prologis (BMV: FIBRAPL 14), a top owner and manager of Class-A logistics properties in Mexico, will hold a webcast and conference call with its senior management. They will talk about the results for the third quarter, the current market situation, and future expectations on Wednesday, October 30, at 9:00 a.m. Mexico Time.
Prologis stands out in popular markets such as Southern California and Chicago, benefiting from strong tenants like Amazon and Walmart. Although it lacks a competitive advantage, Prologis uses its prime locations and potential for rent increases to achieve growth, surpassing the S&P 500 and other REITs. With a high occupancy rate of 96.2% and solid dividend growth, the company shows its strength and appeal for long-term investors.
Prologis' fast-growing earnings suggest that it will likely keep raising its dividend quickly. This positive trend indicates strong financial health for the company. Overall, it looks promising for investors.
Prologis, Inc. (NYSE:PLD) will hold its Q3 2024 Earnings Conference Call on October 16, 2024, at 12:00 PM ET. The call will feature company representatives including Justin Meng, Tim Arndt, Dan Letter, and Chris Caton, along with various participants from financial institutions. Currently, all attendees are in listen-only mode.
PLD's funds from operations for the third quarter exceeded expectations, thanks to increased rental income and strong leasing activity. However, the high interest costs are a worry.
What type of business is Prologis?
Prologis, Inc. is an American real estate investment trust specializing in industrial properties, with headquarters in San Francisco, California. It operates as a REIT fund and was founded as a result of the merger between AMB Property Corporation and ProLogis in June 2011. Currently, Prologis is the largest owner of logistics, industrial, and distribution real estate properties. The spaces are primarily used for distribution, storage, packaging, assembly, and light manufacturing of consumer goods. The majority of operational properties are used by clients for wholesale sales. The client base includes a spectrum of international, national, regional, and local companies: Amazon.com, Inc., FedEx Corporation, The Home Depot, Inc., United Parcel Service, Inc., Walmart Inc., PepsiCo, Inc., Kimberly-Clark Corporation, Kellogg Company, Best Buy Co., Inc., Ford Motor Company, among others.
What sector is Prologis in?
Prologis is in the Real Estate sector
What industry is Prologis in?
Prologis is in the Industrial industry
What country is Prologis from?
Prologis is headquartered in United States
When did Prologis go public?
Prologis initial public offering (IPO) was on 21 November 1997
What is Prologis website?
https://www.prologis.com
Is Prologis in the S&P 500?
Yes, Prologis is included in the S&P 500 index
Is Prologis in the NASDAQ 100?
No, Prologis is not included in the NASDAQ 100 index
Is Prologis in the Dow Jones?
No, Prologis is not included in the Dow Jones index
When was Prologis the previous earnings report?
No data
When does Prologis earnings report?
The next expected earnings date for Prologis is 17 January 2025