Prologis Inc. is a global leader in logistics, with 115 million square meters of real estate under management, crucial for global trade, and poised to benefit from economic recovery. Despite recent challenges, Prologis' stock has shown resilience, and with monetary easing and rising eCommerce, it presents a strong investment opportunity. Prologis offers a 3% dividend yield, has a pristine balance sheet, and is positioned to capitalize on macroeconomic tailwinds and AI-driven demand for data centers.
Prologis (PLD) reachead $129.28 at the closing of the latest trading day, reflecting a -0.54% change compared to its last close.
Verizon, Prologis, Medtronic and Crimson are included in this Analyst Blog.
PLD is set to gain from its strategically located distribution facilities, prudent buyouts and solid balance sheet despite subdued demand and high interest rates.
In the most recent trading session, Prologis (PLD) closed at $132.40, indicating a +1.65% shift from the previous trading day.
Prologis, Inc. (NYSE:PLD ) 2024 Bank of America Global Real Estate Conference Call September 10, 2024 12:45 PM ET Company Participants Tim Arndt - Chief Financial Officer Conference Call Participants Camille Bonnel - Bank of America Camille Bonnel Good afternoon and welcome everyone to our afternoon session with Prologis. My name is Camille Bonnel; I am the Industrial REIT Analyst here at Bank of America.
Prologis (PLD) closed the most recent trading day at $128.37, moving +0.43% from the previous trading session.
PLD is poised to gain from its strategically located modern distribution facilities in key markets globally, scale, prudent buyouts and development.
In the most recent trading session, Prologis (PLD) closed at $128.94, indicating a +0.03% shift from the previous trading day.
Prologis is an industrial REIT focused on logistics properties, with the majority of net operating income coming from the United States. Prologis has underperformed the Vanguard Real Estate Index Fund ETF in 2024. Even so, I am neutral on the shares due to low gearing and elevated valuation. Q2 2024 results were robust in the core Rental Operations segment but saw weakness in Strategic Capital and occupancy developments.
Prologis (PLD) closed the most recent trading day at $124.47, moving +0.26% from the previous trading session.
Prologis is the largest owner and operator of industrial real estate globally, with a focus on high-growth markets and a diverse tenant base. Series Q preferred shares have rallied 14% to $62/share, now trading at a 24% premium to liquidation preference with a yield-to-call of -1%. With a call date in 2026, the significant premium to liquidation preference and negative YTC lead to a Sell rating.