PLD Stock Recent News

MEXICO CITY , Aug. 6, 2024 /PRNewswire/ -- FIBRA Prologis (BMV: FIBRAPL 14), a leading owner and operator of Class A industrial real estate in Mexico, announces that the settlement of its tender offer (the "Offer") to acquire up to 100% of the real estate trust certificates (certificados bursátiles fiduciarios inmobiliarios) issued by CIBanco, S.A., Institución de Banca Múltiple, as trustee of the irrevocable trust agreement number F/00939 ("Terrafina"), identified with ticker symbol "TERRA 13" ("Terrafina CBFIs") has been completed successfully.

JACKSONVILLE, Fla., July 31, 2024 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency”) announced today that its Board of Directors (the “Board”) has appointed Gary E. Anderson as its newest member, effective as of August 1, 2024. Mr. Anderson recently retired from Prologis, Inc. (“Prologis”), a real estate investment trust that is a global leader in real estate logistics facility development and operation. With the addition of Mr. Anderson as an independent director, Regency will expand the size of its Board to twelve directors.

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.

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.

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.

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.

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.

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.

MEXICO CITY , July 17, 2024 /PRNewswire/ -- FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, today reported results for the second quarter 2024. HIGHLIGHTS FROM THE QUARTER: Net effective rents on rollover were 58.1 percent.

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.