PLD Stock Recent News

MEXICO CITY , Sept. 24, 2024 /PRNewswire/ -- FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in Mexico, has acquired a wholly-owned industrial park which holds 8 buildings, from a third party located in Mexico City for an aggregate purchase price of US$190.1 million, including closing costs.

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Realty Income currently offers a dividend yield above 5%. MMA's slump has driven its dividend yield up over 3.5%.

Prologis is pivoting to AI infrastructure by investing in data centers, aiming to diversify its industrial REIT portfolio and capitalize on higher-margin opportunities. The partnership with Skybox Datacenters and a $7.5 billion investment plan target significant growth, leveraging Prologis' vast real estate and clean energy expertise. Data center investments could potentially rake 50% to 100% margin gains and better FFO, despite higher initial Capex compared to warehouses.

Prologis, the largest industrial REIT globally, faces a tough market with slow tenant decision-making and oversupply, impacting rent growth and occupancy rates. Despite a decrease in occupancy to 96.4% in Q2 2024, Prologis' performance aligns with management's cautious market outlook. Management expects further market challenges, including potential occupancy declines and continued rent drops, indicating the market hasn't peaked in harsh conditions yet.

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.

In the most recent trading session, Prologis (PLD) closed at $132.40, indicating a +1.65% shift from the previous trading day.

SAN FRANCISCO , Sept. 5, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced that Tim Arndt, chief financial officer, will present at the BofA Securities 2024 Global Real Estate Conference at the Bank of America Tower in New York City on Tuesday, September 10, at 12:45 p.m.

SAN FRANCISCO , Sept. 3, 2024 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE: PLD) declared a regular cash dividend for the quarter ending September 30, 2024, on the following securities: A dividend of $0.96 per share of the company's common stock, payable on September 30, 2024, to common stockholders of record at the close of business on September 16, 2024; and A dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on September 30, 2024, to Series Q stockholders of record at the close of business on September 16, 2024.

PLD is poised to gain from its strategically located modern distribution facilities in key markets globally, scale, prudent buyouts and development.