Latest news with #DanLetter
Yahoo
16-07-2025
- Business
- Yahoo
First look: Prologis Q2 earnings
Logistics real estate investment trust Prologis beat analysts' expectations for the second quarter and modestly raised its full-year 2025 outlook on Wednesday. Average occupancy stabilized in the quarter and the company said customers are now ready to sign new leases. 'Our leasing pipeline has reached historically high levels, and what we're hearing from customers, especially the larger ones, is clear: they're planning, engaging and increasingly ready to act,' said Prologis President Dan Letter in a news release. 'These trends are evident in both our leasing and build-to-suit activity—and we're in a strong position to meet that demand.' Prologis (NYSE: PLD) reported second-quarter core funds from operations (FFO) of $1.46 per share before the market opened, which was 4 cents above consensus and 12 cents higher year over year. Total revenue was up 9% y/y to $2.18 billion as new leases commenced increased 10% to 51.2 million square feet. Average occupancy slid 120 basis points y/y to 94.9%, but was flat with the first quarter. (Occupancy was 95.1% to close the second quarter.) The company raised the low end of its full-year FFO guidance by 10 cents but trimmed a penny off the high end. The new range is $5.80 to $5.85 per share. The outlook assumes average occupancy in a range of 94.75% to 95.25% and development starts between $2.25 billion and $2.75 billion (a 43% increase from the first quarter at the midpoint of the range). The new outlook for development starts is back in line with the company's initial guidance for the year, which was issued in January. 'The increase in our guidance reflects our confidence in the strength and resilience of our business,' said CFO Tim Arndt. 'Our teams are executing at a high level, and we're well-positioned for the remainder of the year.' Prologis will host a call at noon EDT on Wednesday to discuss second-quarter results. More FreightWaves articles by Todd Maiden: J.B. Hunt still waiting for market to turn LTL pricing index to hit record high in Q3 June produces mixed freight trends, recovery remains 'elusive' The post First look: Prologis Q2 earnings appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-07-2025
- Business
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Prologis misses Q2 profit estimates but shares up on outlook
--Prologis Inc reported quarterly earnings below Wall Street expectations and cut its full-year profit guidance. Though the lower guide was better than the consensus on 'strong' leasing demand. The better than expected outlook helped lift shares of Prologis (NYSE:PLD) 1.55% to $110 in premarket trading on modest volume. The logistics-focused real estate investment trust posted second-quarter earnings per share of $0.61, falling short of analysts' average estimate of $0.69. Revenue rose to $2.04 billion, beating the $2.01 billion consensus. Prologis lowered its 2025 EPS forecast to a range of $3.00 to $3.15, even below its previously target of atleast $3.45. Though it well above the average analyst estimate of $2.59. CEO Hamid Moghadam said quarter saw strong operational execution and customer relationships, while President Dan Letter pointed to record-high leasing pipeline activity. "What we're hearing from customers, especially the larger ones, is clear: they're planning, engaging and increasingly ready to act," Letter said. "These trends are evident in both our leasing and build-to-suit activity—and we're in a strong position to meet that demand." Related articles Prologis misses Q2 profit estimates but shares up on outlook These Under-the-Radar Stocks Offer Better Risk-Reward Ratio Than Nvidia After soaring 149%, this stock is back in our AI's favor - & already +25% in July Sign in to access your portfolio
Yahoo
16-06-2025
- Business
- Yahoo
Here's How You Can Earn $100 In Passive Income By Investing In Prologis Stock
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Prologis Inc. (NYSE:PLD) is a real estate investment trust focused on logistics facilities. The 52-week range of Prologis stock price was $85.35 to $132.57. Prologis' dividend yield is 3.72%. It paid $4.04 per share in dividends during the last 12 months. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can On April 16, the company announced its Q1 2025 earnings, posting FFO of $1.42, beating the consensus estimate of $1.38, while revenues of $2 billion came in below the consensus of $2.04 billion, as reported by Benzinga. 'We delivered exceptional results this quarter—signing leases totaling 58 million square feet, breaking ground on new build-to-suits with strategic customers and expanding our power capacity to support the growing demand for data centers,' said Dan Letter, president of Prologis. For full-year 2025, the company expects core FFO per share in the range of $5.65 to $5.81. Trending: Invest Where It Hurts — And Help Millions Heal: If you want to make $100 per month — $1,200 annually — from Prologis dividends, your investment value needs to be approximately $32,258, which is around 297 shares at $108.50 each. Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (3.72% in this case). So, $1,200 / 0.0372 = $32,258 to generate an income of $100 per month. You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock. The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40). In summary, income-focused investors may find Prologis stock an attractive option for making a steady income of $100 per month by owning 297 shares of stock. There may be more upside to come as investors benefit from the company's consistent dividend hikes. Prologis has raised its dividend consecutively for the last 11 years. Check out this article by Benzinga for three stocks offering high dividend yields. Read Next: Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – Image: Shutterstock This article Here's How You Can Earn $100 In Passive Income By Investing In Prologis Stock originally appeared on Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
Prologis to Participate in Industry Conferences in New York City
SAN FRANCISCO, May 28, 2025 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) today announced that Dan Letter, president, is scheduled to participate in the Bernstein 41st Annual Strategic Decisions Conference in New York, NY on May 29. Additionally, Dan Letter and Tim Arndt, chief financial officer, will participate and present at REITweek 2025: NAREIT's Investor Forum in New York, NY. The presentation will occur on Wednesday, June 4, at 10:15 a.m. ET/7:15 a.m. PT. Prologis' presentation will broadcast live via audio webcast and an audio replay will be available thereafter. The live broadcast, replay, and presentation materials can be accessed on ABOUT PROLOGIS The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at FORWARD-LOOKING STATEMENTS The statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," and "estimates" including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to rent and occupancy growth, acquisition and development activity, contribution and disposition activity, general conditions in the geographic areas where we operate, expectations regarding new lines of business, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; (x) risks related to global pandemics; and (xi) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law. View original content to download multimedia: SOURCE Prologis, Inc.
Yahoo
28-05-2025
- Business
- Yahoo
If You Invested $10K In Prologis Stock 10 Years Ago, How Much Would You Have Now?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Prologis Inc. (NYSE:PLD) is a leader in logistics real estate with a focus on high-barrier, high-growth markets. The company's stock traded at approximately $39.95 per share 10 years ago. If you had invested $10,000, you could have bought roughly 250 shares. Currently, shares trade at $105.09, meaning your investment's value could have grown to $26,305 from stock price appreciation alone. However, Prologis also paid dividends during these 10 years. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – Prologis' dividend yield is currently 3.84%. Over the last 10 years, it has paid about $26.34 in dividends per share, which means you could have made $6,593 from dividends alone. Summing up $26,305 and $6,593, we end up with the final value of your investment, which is $32,898. This is how much you could have made if you had invested $10,000 in Prologis stock 10 years ago. This means a total return of 228.98%. However, this figure is slightly lower than the S&P 500 total return for the same period, which was 232%. Prologis has a consensus rating of "Buy" and a price target of $126.18 based on the ratings of 24 analysts. The price target implies around 20% potential downside from the current stock price. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — On April 16, the company announced its Q1 2025 earnings, posting FFO of $1.42, beating the consensus estimate of $1.38, while revenues of $2.00 billion came in below the consensus of $2.04 billion, as reported by Benzinga. 'We delivered exceptional results this quarter—signing leases totaling 58 million square feet, breaking ground on new build-to-suits with strategic customers and expanding our power capacity to support the growing demand for data centers,' said Dan Letter, president of Prologis. The company expects its full-year 2025 core FFO to be between $5.65 and $5.81 per diluted share. Given the expected downside potential, growth-focused investors may not find Prologis stock attractive. Conversely, the stock can be a good option for income-focused investors, who can benefit from the company's solid dividend yield of 3.84% and consistent hikes. Prologis has raised its dividend consecutively for the last 11 years. Check out this article by Benzinga for three more stocks offering high dividend yields. Read Next: Invest Where It Hurts — And Help Millions Heal: , which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Image: Shutterstock Send To MSN: 0 This article If You Invested $10K In Prologis Stock 10 Years Ago, How Much Would You Have Now? originally appeared on
