Prologis: Low Leverage Offsets Robust Leasing Spreads
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) Advances But Underperforms Market: Key Facts
Prologis (PLD) closed the most recent trading day at $124.47, moving +0.26% from the previous trading session.
Prologis Series Q Preferred: Not At These Prices
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.
Why Is Prologis (PLD) Up 1.8% Since Last Earnings Report?
Prologis (PLD) reported earnings 30 days ago. What's next for the stock?
Prologis: Still On Track If Deglobalization Continues
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.
Why I Just Bought More of This Under-the-Radar AI Play
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.
Here's Why You Should Retain Prologis (PLD) in Your Portfolio
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.
2 Warehouse REITs To Make You Wealthy And Sleep Well At Night
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.
2 Supercharged Dividend Stocks to Buy if There's a Stock Market Sell-Off
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.
Prologis: Q2 2024 Results Update - Still A Strong Buy
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.
World's Largest Industrial Real Estate Developer Prologis Boosts Its Outlook—Here's Why
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. (PLD) Q2 2024 Earnings Call Transcript
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.
