On the back of a solid quarterly earnings report at the start of the week, the upward momentum of Prologis (PLD 2.96%) stock continued through Thursday's trading session. This was helped by a price target raise by one of the analysts tracking the big real estate company; as a result, Prologis's share price closed the day 3% higher.
PLD is poised to benefit from its strategically located distribution facilities and solid balance sheet, though subdued demand and high-interest expenses remain concerns.
PLD's Q4 results reflect a year-over-year rise in rental and strategic capital revenues.
With shares down by about 37% from the 2022 peak and about 20% from the 52-week high, Prologis (PLD -0.90%) could be an excellent long-term investment opportunity. And there are several good reasons you might want to take a closer look right now.
Last year was a more challenging period for the industrial real estate sector and its leader, Prologis (PLD 7.12%). Demand for warehouse space cooled off due to concerns about the election and the economy.
Prologis, Inc. (NYSE:PLD ) Q4 2024 Earnings Conference Call January 21, 2025 12:00 PM ET Company Participants Justin Meng - Senior Vice President and Head of Investor Relations Tim Arndt - Chief Financial Officer Hamid Moghadam - Co-Founder, Chairman and CEO Dan Letter - President Chris Caton - Managing Director of Global Strategy and Analytics Conference Call Participants Ki Bin Kim - Truist Securities Samir Khanal - Evercore ISI Vikram Malhotra - Mizuho Ronald Kamdem - Morgan Stanley Michael Goldsmith - UBS Craig Mailman - Citi Caitlin Burrows - Goldman Sachs Nicholas Yulico - Scotiabank Vince Tibone - Green Street Blaine Heck - Wells Fargo Tom Catherwood - BTIG Nick Thillman - Robert W. Baird & Co. Michael Mueller - JPMorgan Jeff Spector - Bank of America Merrill Lynch Brendan Lynch - Barclays Michael Carroll - RBC Capital Markets John Kim - BMO Capital Markets Todd Thomas - KeyBanc Capital Markets Operator Greetings, and welcome to the Prologis Fourth Quarter 2024 Earnings Conference Call.
The Investment Committee discuss how to trade some of their stocks on the move today.
PLD's Q4 FFO beat estimates, benefiting from a rise in rental revenues and healthy leasing activity. However, high interest expenses are a concern.
Shares of industrial real estate leader Prologis (PLD 3.85%) spiked higher on Tuesday, with shares up by about 5% as of 11:30 a.m. ET. The massive real estate investment trust reported its fourth-quarter and year-end 2024 results, and it seems fair to say that investors are happy with what they're seeing.
Although the revenue and EPS for Prologis (PLD) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Prologis (PLD) came out with quarterly funds from operations (FFO) of $1.50 per share, beating the Zacks Consensus Estimate of $1.38 per share. This compares to FFO of $1.26 per share a year ago.
The search for reliable income in the face of market uncertainty is a constant for many investors. Dividend-paying stocks offer a familiar solution, but a closer look at this sector reveals a compelling opportunity within the dividend investment strategy: Real Estate Investment Trusts, or REITs.