PLD Stock Recent News

Hamid Moghadam, Prologis chairman and CEO, joins CNBC's 'The Exchange' to discuss how his company will benefit from AI, expectations for the next cycle, and more.

Prologis' (PLD) Q2 FFO beat estimates, benefiting from a rise in rental revenues and healthy leasing activity. However, high interest expenses are a concern.

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Although the revenue and EPS for Prologis (PLD) give a sense of how its business performed in the quarter ended June 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 $1.34 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to FFO of $1.83 per share a year ago.

Demand improves amid uncertain macroeconomic environment SAN FRANCISCO , July 17, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today reported second quarter results for 2024. Net earnings per diluted share was $0.92 for the second quarter of 2024 compared with $1.31 for the second quarter of 2023.

Interest rates will soon go from a headwind to a tailwind for dividend stocks. Falling rates should boost Realty Income's valuation while lowering its cost of capital, allowing it to acquire more properties.

While Prologis' (PLD) Q2 results are likely to reflect the benefits of its premium facilities at strategic locations and expansion efforts, high supply and elevated interest expenses might partly limit the growth tempo.

Besides Wall Street's top -and-bottom-line estimates for Prologis (PLD), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.

Prologis, Inc. has a high dividend yield and strong track record, making it an attractive income investment. The company focuses on logistics properties tied to e-commerce growth, with a well-diversified customer base and international operations. Prologis is poised to benefit from growing e-commerce sales, improving consumer sentiment, and lower new completions of logistics properties in the future.