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Development management and other

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Prologis

Prologis, Inc. engages in the provision of real estate investment trust services. It operates through Real Estate Operations and Strategic Capital segments. The Real Estate Operations segment represents the ownership and development of logistics properties and also includes rental revenues, recoveries and expenses recognized from its consolidated properties. The Strategic Capital segment represents the management of co-investment ventures and other unconsolidated entities. The company was founded by Hamid R. Moghadam in 1991 and is headquartered in San Francisco, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Prologis exceeds Q4 forecasts, eyes rent growth and development opportunities

Prologis reported outstanding Q4 2022 earnings, with strong leasing metrics and financial performance. Despite challenges from fund redemptions and market uncertainties, the company remains optimistic about rent growth and development opportunities in 2023.

Prologis reports strong Q1 performance, eyes growth amid market challenges

Prologis delivered a robust performance in Q1 2023, marked by high occupancy rates, record same-store growth, and strategic financial maneuvers to enhance liquidity and core FFO projections.
While facing challenges in moderating construction costs and potential rising vacancy rates, the company's strengths in tenant retention, market positioning, and credit stability position it well for future growth.
Opportunities lie in capitalizing on market rent growth projections, investing in property funds, and leveraging stable consumer behavior and e-commerce trends for sustained success.
Prologis remains resilient in navigating market dynamics, celebrating its 40th anniversary with a forward-looking approach to drive shareholder value and capitalize on emerging opportunities.

Prologis surpasses Q2 forecasts, eyes global growth amid market challenges

Prologis demonstrated strong financial performance, highlighted by exceeding earnings expectations and strategic acquisitions. While facing challenges in specific markets, the company's focus on global diversification and long-term growth positions them well for future opportunities. By leveraging market trends and maintaining a solid balance sheet, Prologis aims to drive sustained growth and value for investors.

Prologis reports strong Q3 performance amidst market challenges and opportunities

Prologis remains confident in its long-term performance and growth opportunities despite challenges in certain markets. The company adjusted guidance with a focus on increased occupancy and same-store growth, while maintaining a cautious outlook on geopolitical risks and market uncertainties.

Prologis reports resilient earnings growth and eyes international market opportunities

Prologis reported a successful year with 11% earnings growth and $7 billion deployed into new investments. Despite challenges in market vacancy and declining global rents, the company remains resilient.
The focus on international markets, strong acquisition pipeline, and strategic forecasting of positive rent growth align Prologis for continued success in 2024. Challenges in development starts and market dynamics require proactive strategies.
Opportunities lie in market rent growth, increased net absorption, and adapting to changing tenant mindsets. Prologis' strengths in high occupancy, diverse portfolio, and sustainability initiatives position it well for future growth.
Navigating challenges in market trends and seizing opportunities for expansion and profitability will be key for Prologis in the coming year. The company's ability to leverage strengths and address challenges will determine its success in a dynamic market environment.

Prologis reports strong Q1 earnings amidst market challenges

Prologis had a strong financial performance in Q1 2024 but faced challenges due to market conditions. Despite geopolitical concerns and rising interest rates, the company remains confident in its long-term prospects.

Prologis excels in Q2 with robust leasing and occupancy performance

Prologis delivered a strong performance in Q2, surpassing expectations in leasing and occupancy. While facing challenges in decision-making and market uncertainties, the company remains well-positioned to capitalize on growth opportunities.

Prologis reports solid Q3 results, eyes sustainability and global growth

Prologis had a robust quarter with strong financial performance and strategic initiatives
While facing challenges like market rent declines, the company remains optimistic about its outlook
Opportunities lie in sustainability efforts, market expansion, and operational efficiency
Overall, Prologis is well-positioned to navigate market dynamics and drive growth

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Prologis, Inc. engages in providing logistics solutions and services. It operates in the Real Estate and Strategic Capital segments. The Real Estate segment represents the ownership and development of operating properties and is the largest component of revenue and earnings. The Strategic Capital segment refers to the management of co-investment ventures and other unconsolidated entities. The company was founded by Hamid R. Moghadam in 1991 and is headquartered in San Francisco, CA.

Prologis is growing at a double-digit pace. The REIT's embedded rental upside will drive growth for years to come.

With Unstoppable Growth in the Forecast, This Dividend Stock Is a Screaming Buy

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Real estate earnings season kicks into gear this week, and over the next month, we'll hear results from 175 equity REITs, 40 mortgage REITs, and dozens of housing industry companies. Real estate equities - the sector with perhaps the most to gain from a moderation in inflation and normalization in Fed monetary policy - enter earnings season with wind in their sails. Obscured by macro headwinds, REITs delivered a solid first quarter of earnings results fueled by buoyant rent growth. This report discusses the major high-level themes we'll be watching across second quarter results.

REIT Earnings Preview: Here's What We're Watching

As earnings season kicks off, a different set of stocks goes under the scrutinizing spotlight of financial markets' judgment. In today's market, there are clear signs of favoritism and preference as investors begin to identify what money "likes" in the economy.

After Earnings Results, Markets Love Prologis Stock

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My Top 5 REIT CEOs (And 3 Bonus Picks)

Warehouse rents will continue to rise even as other supply-chain costs tumble from pandemic highs, the CEO of the world's largest warehouse landlord told Reuters on Tuesday.

US warehouse rents will defy logistics transportation rate drop -Prologis CEO

Shares of Prologis Inc. sank Tuesday, after the fulfillment-center real-estate company reported a disappointing drop in second-quarter occupancy as it plans to keep pushing “pretty hard” to raise rents.

Prologis to keep pushing rents up ‘pretty hard' even as occupancy falls

Prologis, Inc. (NYSE:PLD ) Q2 2023 Earnings Conference Call July 18, 2023 12:00 PM ET Company Participants Jill Sawyer - Vice President, Investor Relations Tim Arndt - Chief Financial Officer Dan Letter - President Hamid Moghadam - Chief Executive Officer Chris Caton - Managing Director, Global Strategy and Analytics Conference Call Participants Tom Catherwood - BTIG Blaine Heck - Wells Fargo Craig Mailman - Citi Caitlin Burrows - Goldman Sachs Steve Sakwa - Evercore Ki Bin Kim - Truist Michael Goldsmith - UBS Nick Thillman - Robert W. Baird Ronald Kamdem - Morgan Stanley Michael Carroll - RBC Capital Markets Camille Bonnel - Bank of America John Kim - BMO Capital Markets Nicholas Yulico - Scotiabank Vikram Malhotra - Mizuho Todd Thomas - KeyBanc Capital Markets Anthony Powell - Barclays Michael Mueller - JPMorgan Jamie Feldman - Wells Fargo Operator Greetings and welcome to the Prologis Second Quarter 2023 Earnings Conference Call.

Prologis, Inc. (PLD) Q2 2023 Earnings Call Transcript

Leading industrial-operator, Prologis, reported Q2 results that surpassed expectations. Despite an expected moderation in the rental rate environment, results suggest PLD remains securely fastened in the driver's seat. Though shares have gained over the past year, the stock is still underperforming broader markets.

Prologis: Continuing To Flex Its Pricing Power

The company beat estimates on the top and bottom lines and raised guidance. Valuation concerns and a slowdown in industrial real estate seemed to weigh on the stock.

Why Prologis Stock Was Slipping Today

While the top- and bottom-line numbers for Prologis (PLD) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Prologis (PLD) Q2 Earnings

Prologis' (PLD) second-quarter 2023 results reflect strong industrial real estate demand, leading to robust leasing activity and solid rent growth. It raises its core FFO per share outlook for 2023.

Prologis' (PLD) Q2 FFO Beats on Solid Rent Growth, '23 View Up

Prologis (PLD) came out with quarterly funds from operations (FFO) of $1.83 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to FFO of $1.11 per share a year ago.

Prologis (PLD) Q2 FFO Surpass Estimates

The logistics-property giant is building and buying warehouses even as interest rates rise and logistics demand falters.

Prologis Boosts Outlook on Record Quarterly Earnings

Shares of Prologis Inc. PLD, +0.18% surged 2.4% toward a five-month high in premarket trading Tuesday, after the logistics real estate giant reported second-quarter profit and revenue that rose well above expectations and boosted its full-year outlook. Net income doubled to $1.22 billion, or $1.31 a share, from $610 million, or 82 cents a share, in the year-ago period.

Prologis stock rallies after profit and revenue beats, as net rent change in U.S. jumps 92%

Premium Global Portfolio Continues to Drive Record Results SAN FRANCISCO , July 18, 2023 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today reported second quarter results for 2023.  Net earnings per diluted share was $1.31 for the second quarter of 2023 compared with $0.82 for the second quarter of 2022.

Prologis Reports Second Quarter 2023 Results

Prologis is the largest publicly traded industrial REIT, with a heavy focus on warehouse space. The REIT is seeing huge rent increases as old leases roll over.

Is Prologis Sitting on a Revenue Boom?

Since the pandemic, deglobalization has been a topic that has further accelerated and could be the next big market factor. Prologis is a logistics REIT and with a market cap of $117B, it's the world's biggest REIT. Prologis generated significant value for its shareholders since going public, with a total return of 117% in the previous five years alone.

Prologis: Deglobalization Could Be The Next Dominant Tailwind For This REIT

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The U.S. industrial real estate sector, while exhibiting signs of normalization following the extraordinary demand spike during the pandemic, continues to project healthy fundamentals. In this article we'll delve deeper into the second-quarter performance in terms of demand, net absorption, leasing activity, vacancy rates and rents, and then further probe into the future outlook of this asset category.

Are Industrial REITs Poised to Grow Despite Normalizing Demand?

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With the latest inflation data it seems that we're at an interesting inflection point in markets, confirming my original views. Of all sectors, one in particular offers fantastic risk-reward at current levels. Here are 5 of our top picks in the sector.

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Healthy industrial real estate operating fundamentals, accretive acquisitions and solid balance sheet strength are likely to continue driving Prologis' (PLD) stock.

Prologis' (PLD) Shares Gain 11.1% YTD: Will the Trend Last?

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This article was targeted for my mother who is looking to put some dry powder to work so she can take advantage of the opportunities in the REIT sector. The article is the first in a two-part series such that my Mom can use this blueprint for her new REIT portfolio. The objective is to construct a diversified portfolio of 20 REITs that consists of some of the highest-quality REITs that are trading at a wide margin of safety.

Mom's All-Weather REIT Portfolio (Part 1)

Prologis is by far the largest publicly traded industrial REIT with a global portfolio of well-positioned properties. Being large has advantages, but Prologis also stands out for its financial strength.

Why Prologis Can Handle an Industrial REIT Downturn

Prologis, the largest publicly traded industrial REIT, has consistently outperformed the overall REIT market and the S&P 500 over the past decade. Despite high valuations, PLD's strong position, supported by factors such as significant e-commerce exposure and resilient occupancy rates, makes a short position risky. PLD's underpriced lease agreements and strong balance sheet further bolster its potential for long-term value creation and growth.

Prologis: Strong Fundamentals But Not Sufficient To Justify The Valuation

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News for Prologis Stock (PLD)