Prologis (PLD) reported earnings 30 days ago. What's next for the stock?
Prologis stock has underperformed the S&P 500 in the past year. Deglobalization could lead to increased demand for warehouse and production capacity, benefiting Prologis. Current valuation suggests Prologis is fairly valued with potential for future gains.
Prologis is a leader in logistics real estate, which should drive robust growth in the coming years. It has a vast land bank and expertise in energy, which enhances its ability to grow.
Prologis (PLD) is well-poised to gain from its strategically located distribution facilities in key global markets, prudent buyouts and healthy balance sheet. However, subdued demand and high interest rates are concerns.
Industrial real estate remains strong despite economic challenges and high interest rates. Rexford Industrial Realty and Prologis reported impressive 2Q24 earnings, showing resilience and growth potential. Both REITs offer attractive investment opportunities as the industrial market tightens and demand stabilizes.
There's more than one way to look at dividend stocks, with dividend growth often overshadowed by dividend yield. Prologis has increased its payout at a compound annual rate of 11% a year over the past decade.
PLD will benefit greatly with the market conditions improvements likely to occur in 2025. The management revised (upwards) its 2024 guidance regarding core FFO per share and acquisition volume. PLD has solid business metrics and a fortress-like balance sheet reflected within the best-in-the-industry credit metrics.
Prologis (PLD) shares gained Wednesday as the world's largest industrial real estate company posted better-than-expected earnings for the second quarter and raised its outlook because of improving demand.
Prologis, Inc. (NYSE:PLD ) Q2 2024 Earnings Conference Call July 17, 2024 12:00 PM ET Company Participants Justin Meng - SVP, Head of IR Tim Arndt - CFO Chris Caton - Managing Director Dan Letter - President Hamid Moghadam - Founder and CEO Conference Call Participants Blaine Heck - Wells Fargo Ronald Kamden - Morgan Stanley Steve Sakwa - Evercore ISI Camille Bonnel - Bank of America Jonathan Peterson - Jefferies Caitlin Burrows - Goldman Sachs Nick Thillman - Baird Vikram Malhotra - Mizuho Securities John Kim - BMO Capital Markets Vince Tibone - Green Street Ki Bin Kim - Truist Securities Michael Mueller - JPMorgan Michael Goldsmith - UBS Todd Thomas - KeyBanc Capital Markets Nicholas Yulico - Scotiabank Operator Welcome to the Prologis Second Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
Prologis' (PLD) Q2 FFO beat estimates, benefiting from a rise in rental revenues and healthy leasing activity. However, high interest expenses are a concern.
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Although the revenue and EPS for Prologis (PLD) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.