Prologis (PLD) came out with quarterly funds from operations (FFO) of $1.34 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to FFO of $1.83 per share a year ago.
While Prologis' (PLD) Q2 results are likely to reflect the benefits of its premium facilities at strategic locations and expansion efforts, high supply and elevated interest expenses might partly limit the growth tempo.
Besides Wall Street's top -and-bottom-line estimates for Prologis (PLD), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
Prologis, Inc. has a high dividend yield and strong track record, making it an attractive income investment. The company focuses on logistics properties tied to e-commerce growth, with a well-diversified customer base and international operations. Prologis is poised to benefit from growing e-commerce sales, improving consumer sentiment, and lower new completions of logistics properties in the future.
In the closing of the recent trading day, Prologis (PLD) stood at $116.54, denoting a +1.83% change from the preceding trading day.
Walmart is utilizing its physical stores to enhance omnichannel experience, implement advanced technologies, and expand same-day delivery services. Prologis, the world's largest warehouse operator, is navigating tough cyclical headwinds with resilience and focusing on growth in e-commerce, solar power, and data centers. Prologis offers stable income, strategic positioning, and a strong balance sheet, making it a compelling opportunity for long-term investors in the real estate sector.
Saving for retirement can be daunting, but investors can consider alternatives to the S&P 500 for potentially better returns and income. Sixth Street Specialty Lending offers a strong track record, high dividend yield, and attractive valuation for potential market-beating returns. Prologis, a global logistics REIT, provides solid growth potential, strong lease spreads, and development opportunities with the support of high liquidity.
Prologis (PLD) concluded the recent trading session at $109.83, signifying a -1.61% move from its prior day's close.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the most recent trading session, Prologis (PLD) closed at $111.28, indicating a -0.9% shift from the previous trading day.
In the latest trading session, Prologis (PLD) closed at $111.58, marking a +0.37% move from the previous day.
Prologis (PLD) reachead $111.17 at the closing of the latest trading day, reflecting a +0.88% change compared to its last close.