PLD Stock Recent News

World's No. 1 industrial real-estate owner says companies have rushed in goods to beat tariffs.

Prologis remains a top REIT by market cap despite a 43% decline from its all-time high, reflecting broad sector weakness since 2022 rate hikes. A near decade high dividend yield of (4.11%) is attractive for long-term investors, especially given Prologis' AFFO yield (4.76%) and past dividend growth (10.93% CAGR). Historical fears from the 2008 crash still linger, but e-commerce growth and logistics demand have transformed the landscape, supporting Prologis' relevance.

Prologis, Inc. (NYSE:PLD ) Q1 2025 Earnings Conference Call April 16, 2025 12:00 PM ET Company Participants Justin Meng - Senior Vice President & Head, Investor Relations Tim Arndt - Chief Financial Officer Hamid Moghadam - Chief Executive Officer Chris Caton - Managing Director Dan Letter - President Conference Call Participants Tom Catherwood - BTIG Steve Sakwa - Evercore ISI Ronald Kamdem - Morgan Stanley Michael Goldsmith - UBS Nick Joseph - Citi Caitlin Burrows - Goldman Sachs Vikram Malhotra - Mizuho Ki Bin Kim - Truist Securities Vince Tibone - Green Street Blaine Heck - Wells Fargo Mike Mueller - JPMorgan Samir Khanal - Bank of America Brendan Lynch - Barclays Michael Carroll - RBC John Kim - BMO Capital Markets Nicholas Yulico - Scotiabank Operator Greetings, and welcome to the Prologis First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.

PLD's Q1 FFO beat estimates, benefiting from a rise in rental revenues and healthy leasing activity. However, high interest expenses are a concern.

The headline numbers for Prologis (PLD) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Prologis (PLD) came out with quarterly funds from operations (FFO) of $1.42 per share, beating the Zacks Consensus Estimate of $1.38 per share. This compares to FFO of $1.28 per share a year ago.

Strong execution amid uncertainty SAN FRANCISCO , April 16, 2025 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) today announced the following results for the quarter ended March 31, 2025, as compared to the corresponding period in 2024: Net earnings per diluted share was $0.63, unchanged. Core funds from operations (Core FFO)* per diluted share was $1.42 and increased 10.9%.

While PLD's Q1 earnings may have benefited from its premium assets and expansion, elevated supply and high-interest costs may have offset some gains.

The past for Prologis has been stable but dull, with no significant growth prospects. Due to duties, there could be congestion in the logistics of goods, potentially leading to higher inventories. It is likely that some companies will decide to bring manufacturing back to the U.S., creating long-term demand for Prologis's services.

The first week of April 2025 saw historic swings market-wide as investors tried to keep up with quickly changing tariff policies and the response of stock prices.