Prologis, Inc. (PLD)

NYSE: PLD · IEX Real-Time Price · USD
103.49
-1.20 (-1.15%)
At close: Apr 19, 2024, 4:00 PM
103.66
+0.17 (0.16%)
After-hours: Apr 19, 2024, 7:59 PM EDT
-1.15%
Market Cap 95.73B
Revenue (ttm) 8.02B
Net Income (ttm) 3.05B
Shares Out 925.05M
EPS (ttm) 3.29
PE Ratio 31.46
Forward PE 39.79
Dividend $3.84 (3.71%)
Ex-Dividend Date Mar 15, 2024
Volume 6,847,896
Open 104.64
Previous Close 104.69
Day's Range 102.52 - 104.87
52-Week Range 96.64 - 137.52
Beta 1.00
Analysts Strong Buy
Price Target 140.22 (+35.49%)
Earnings Date Apr 17, 2024

About PLD

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 6,700 customers principally across two major categories: business-to-business and retail/online fulf... [Read more]

Sector Real Estate
IPO Date Mar 1, 1994
Employees 2,574
Stock Exchange NYSE
Ticker Symbol PLD
Full Company Profile

Financial Performance

In 2023, Prologis's revenue was $8.02 billion, an increase of 34.31% compared to the previous year's $5.97 billion. Earnings were $3.05 billion, a decrease of -9.09%.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for PLD stock is "Strong Buy." The 12-month stock price forecast is $140.22, which is an increase of 35.49% from the latest price.

Price Target
$140.22
(35.49% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Jim Cramer talks how overbuilding has impacted J.B. Hunt and Prologis

'Mad Money' host Jim Cramer takes a closer look at J.B. Hunt and Prologis earnings and stock reaction.

Other symbols: JBHT
1 day ago - CNBC Television

Prologis stock slides despite upbeat Q1 earnings: here's why

Prologis Inc (NYSE: PLD) is down about 7.0% on Wednesday even though it came in ahead of Street estimates for its fiscal first quarter. Why is Prologis stock down today?

2 days ago - Invezz

Prologis Reports First Quarter Results

Positive Long-Term Outlook Amid Near-Term Macroeconomic Uncertainty SAN FRANCISCO , April 17, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today reporte...

2 days ago - PRNewsWire

These 3 Real Estate Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Invitation Homes (NYSE:INVH), Prologis (NYSE:PLD)

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: INVHSUI
16 days ago - Benzinga

Prologis to Host Virtual 2024 Stockholders Meeting May 9

SAN FRANCISCO , April 1, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, will host its annual stockholders meeting on Thursday, May 9, 2024, at 2:00 p.m. P...

18 days ago - PRNewsWire

Prologis to Announce First Quarter 2024 Results April 17

SAN FRANCISCO , March 19, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, will host a webcast and conference call with senior management to discuss first q...

4 weeks ago - PRNewsWire

Industrial construction starts are down: Here's what investors need to know

James Breeze, CBRE global head of industrial research, joins 'The Exchange' to discuss the recent drop in industrial leasing demand, the current health of industrial real estate and more.

Other symbols: STAG
6 weeks ago - CNBC Television

Prologis to Participate in Industry Conferences

SAN FRANCISCO , March 1, 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 Raymo...

7 weeks ago - PRNewsWire

Prologis Board of Directors Approves 10 Percent Increase in Quarterly Common Stock Dividend

SAN FRANCISCO , Feb. 22, 2024 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE: PLD) today approved a plan to raise the company's annualized dividend by 10% to $3.84 per share of common ...

2 months ago - PRNewsWire

Prologis Announces Tax Treatment of 2023 Dividends

SAN FRANCISCO , Jan. 26, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced the tax treatment of its 2023 distributions. Exhibits A and B refl...

2 months ago - PRNewsWire

Prologis CEO: The industrial real estate market is in a 'very healthy situation'

Hamid Moghadam, Prologis co-founder and CEO, joins 'Closing Bell Overtime' to talk quarterly earnings, what's ahead for the year, occupancy demand and more.

3 months ago - CNBC Television

Prologis Reports Fourth Quarter and Full Year 2023 Results

Fourth consecutive year of double-digit earnings growth; expects strong 2024 SAN FRANCISCO , Jan. 17, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today...

3 months ago - PRNewsWire

Prologis and Welltower are well-positioned for 2024, says Victoria Greene

Victoria Greene, G Squared Private Wealth Founding Partner and CIO, gives her top stock picks for 2024.

Other symbols: WELL
3 months ago - CNBC Television

Prologis to Announce Fourth Quarter 2023 Results January 17

SAN FRANCISCO , Dec. 28, 2023 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, will host a webcast and conference call with senior management to discuss fourth q...

4 months ago - PRNewsWire

Investing in REITs: One stock to buy and one to avoid

Real Estate Investment Trusts or REITs have been hit by issues such as high interest rates, lackluster return to office, and overall concerns about an economic slowdown. Infrastructure Capital Advisor...

Other symbols: BXP
4 months ago - Yahoo Finance

Prologis Vice Chairman Gene Reilly to Retire

SAN FRANCISCO , Dec. 21, 2023 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) today announced that Vice Chairman Gene Reilly will be retiring at year end, after which he will serve as a senior advisor thro...

4 months ago - PRNewsWire

Prologis to Host Investor Forum in New York City on December 13

SAN FRANCISCO , Dec. 11, 2023 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced it will hold an Investor Forum on Wednesday, December 13, 2023, fr...

4 months ago - PRNewsWire

Prologis Declares Quarterly Dividend

SAN FRANCISCO , Dec. 7, 2023 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE: PLD) declared a regular cash dividend for the quarter ending December 31, 2023, on the following securities...

4 months ago - PRNewsWire

Prologis Hits 500-Megawatt Solar Milestone - Halfway to One Gigawatt Goal

Rooftop Solar Benefits Customers and Communities SAN FRANCISCO , Dec. 6, 2023 /PRNewswire/ -- Rooftop solar and storage installations on Prologis Inc's (NYSE: PLD) buildings can now generate 500 megaw...

4 months ago - PRNewsWire

Logiwa Joins Prologis Essentials Suite of Solutions for Warehouse Operators

CHICAGO--(BUSINESS WIRE)--Logiwa Joins Prologis Essentials Suite of Solutions for Warehouse Operators.

5 months ago - Business Wire

Prologis earnings fall but beat expectations, while occupancy declines

Shares of Prologis Inc. PLD, +1.16% edged up 0.1% in premarket trading Tuesday after the logistics real estate company reported third-quarter earnings that fell from a year ago but beat expectations, ...

6 months ago - Market Watch

Prologis Reports Third Quarter 2023 Results

High-Quality Global Portfolio Continues to Drive Record Results SAN FRANCISCO , Oct. 17, 2023 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today reported thi...

6 months ago - PRNewsWire

2 ‘Contrarians-Only' Dividends That Will Fly As Rates Fall

The 10-year Treasury yield's latest journey to the stars is setting up a terrific opportunity for us to “lock in” historically high dividend yields.

Other symbols: AAPL
6 months ago - Forbes

2025 looks like a great year for fundamentals in real estate, says BMO's John Kim

John Kim, analyst at BMO Capital Markets, joins 'Squawk on the Street' to discuss how REITs typically perform with higher bond yields, the underlying financing for new or existing developments, and pl...

Other symbols: BXPCPT
7 months ago - CNBC Television

Prologis to Announce Third Quarter 2023 Results October 17

SAN FRANCISCO , Sept. 28, 2023 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, will host a webcast and conference call with senior management to discuss third q...

7 months ago - PRNewsWire