Prologis, Inc. (PLD)

NYSE: PLD · IEX Real-Time Price · USD
118.26
+3.33 (2.90%)
At close: Dec 1, 2023, 4:00 PM
118.89
+0.63 (0.53%)
After-hours: Dec 1, 2023, 7:27 PM EST
2.90%
Market Cap 109.27B
Revenue (ttm) 7.89B
Net Income (ttm) 3.01B
Shares Out 923.97M
EPS (ttm) 3.14
PE Ratio 37.66
Forward PE 45.91
Dividend $3.48 (2.94%)
Ex-Dividend Date Sep 15, 2023
Volume 4,159,193
Open 115.05
Previous Close 114.93
Day's Range 114.77 - 118.47
52-Week Range 96.64 - 136.67
Beta 1.03
Analysts Strong Buy
Price Target 140.56 (+18.86%)
Earnings Date Jan 17, 2024

About PLD

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At September 30, 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 (114 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 ful... [Read more]

Sector Real Estate
IPO Date Mar 1, 1994
Employees 2,466
Stock Exchange NYSE
Ticker Symbol PLD
Full Company Profile

Financial Performance

In 2022, Prologis's revenue was $5.97 billion, an increase of 25.51% compared to the previous year's $4.76 billion. Earnings were $3.36 billion, an increase of 14.50%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for PLD stock is "Strong Buy." The 12-month stock price forecast is $140.56, which is an increase of 18.86% from the latest price.

Price Target
$140.56
(18.86% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Logiwa Joins Prologis Essentials Suite of Solutions for Warehouse Operators

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

19 days 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 weeks 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 weeks 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.

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7 weeks ago - Forbes

Analysts See Strong Upside Trade for Undervalued REITs

Well, you don't have to conjure up some investment that doesn't exist. Real estate investment trusts, often called REITs,  are mandated to distribute profits to shareholders to maintain their special ...

Other symbols: PEAKPKPSAVTR
2 months ago - MarketBeat

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
2 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...

2 months ago - PRNewsWire

Supply Chain Industry Leaders: Embrace AI or Get Left Behind

Technology, Energy and Logistics Leaders Gathered for GROUNDBREAKERS 2023 SAN FRANCISCO , Sept. 27, 2023 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today h...

2 months ago - PRNewsWire

MEDIA ALERT: GLOBAL SUPPLY CHAIN EVENT FEATURING LEADERS FROM PROLOGIS, HOME DEPOT, NVIDIA, INSTACART, BYD AMERICAS AND MORE

SAN FRANCISCO, Sept. 20, 2023 /PRNewswire/ --  WHAT: Prologis' GROUNDBREAKERS 2023 – GROUNDBREAKERS is Prologis' annual thought leadership forum that brings together business leaders, industry experts...

2 months ago - PRNewsWire

Prologis to Participate in Industry Conferences in New York City

SAN FRANCISCO , Sept. 8, 2023 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced that Tim Arndt, chief financial officer, will participate in two c...

3 months ago - PRNewsWire

Prologis Declares Quarterly Dividend

SAN FRANCISCO , Sept. 6, 2023 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE: PLD) declared a regular cash dividend for the quarter ending September 30, 2023, on the following securiti...

3 months ago - PRNewsWire

Prologis Clears Redemption Queue in U.S. and European Funds; Commits $500M to U.S./EU Funds

SAN FRANCISCO , Aug. 29, 2023 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced it has cleared all redemption requests as of June 30, 2023 for its...

3 months ago - PRNewsWire

3 High Dividend REITs That Analysts Are Bullish On

After declining 24% last year, the S&P United States REIT index is up 6% so far this year. Of course, with domestic equities vastly outperforming, the sector has been more of an afterthought.

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3 months ago - MarketBeat

Credit downgrade doesn't directly impact flow of goods: Prologis exec

Real estate investment trust (REIT) Prologis is reportedly positioned against volatility in the case of elevated interest rates and the recent credit downgrade to U.S. debt. Chris Caton, Prologis Mana...

4 months ago - Yahoo Finance

The Chartmaster Carter Worth sticks to REITs

Carter Worth, Worth Charting, talks the office space rebound and why he is sticking with REITs.

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4 months ago - CNBC Television

After Earnings Results, Markets Love Prologis Stock

As earnings season kicks off, a different set of stocks goes under the scrutinizing spotlight of financial markets' judgment. In today's market, there are clear signs of favoritism and preference as i...

4 months ago - MarketBeat

US warehouse rents will defy logistics transportation rate drop -Prologis CEO

Warehouse rents will continue to rise even as other supply-chain costs tumble from pandemic highs, the CEO of the world's largest warehouse landlord told Reuters on Tuesday.

4 months ago - Reuters

Our business has been on 'steroids' for the last 2-3 years, says Prologis CEO Hamid Moghadam

Hamid Moghadam, Prologis CEO, joins 'Closing Bell Overtime' to talk the company's second quarter earnings, the rental market and more.

4 months ago - CNBC Television

Prologis to keep pushing rents up ‘pretty hard' even as occupancy falls

Shares of Prologis Inc. sank Tuesday, after the fulfillment-center real-estate company reported a disappointing drop in second-quarter occupancy as it plans to keep pushing “pretty hard” to raise rent...

4 months ago - Market Watch

Prologis Boosts Outlook on Record Quarterly Earnings

The logistics-property giant is building and buying warehouses even as interest rates rise and logistics demand falters.

4 months ago - WSJ

Prologis stock rallies after profit and revenue beats, as net rent change in U.S. jumps 92%

Shares of Prologis Inc. PLD, +0.18% surged 2.4% toward a five-month high in premarket trading Tuesday, after the logistics real estate giant reported second-quarter profit and revenue that rose well a...

4 months ago - Market Watch

Prologis Reports Second Quarter 2023 Results

Premium Global Portfolio Continues to Drive Record Results SAN FRANCISCO , July 18, 2023 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today reported second q...

4 months ago - PRNewsWire

Prologis to Announce Second Quarter 2023 Results July 18

SAN FRANCISCO , July 3, 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 second qu...

5 months ago - PRNewsWire

Prologis buying $3.1B industrial property portfolio from Blackstone

The portfolio includes nearly 14 million square feet in about 70 properties in Atlanta, California, Dallas, south Florida and the Washington, D.C., and New York regions.

Other symbols: BX
5 months ago - Fox Business

Prologis acquires $3.1B warehouse portfolio from Blackstone

Logistics real estate operator Prologis announced Monday it entered into an all-cash agreement to acquire a $3.1 billion industrial real estate portfolio from Blackstone. The acquisition includes near...

Other symbols: BX
5 months ago - FreightWaves