Latest news with #Prologis
Yahoo
3 days ago
- Business
- Yahoo
Prologis Earnings Preview: What to Expect
San Francisco, California-based Prologis, Inc. (PLD) is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. With a market cap of $97.2 billion, the company leases modern logistics facilities to a diverse base of customers. The real estate major is set to unveil its Q2 results before the markets open on Wednesday, July 16. Ahead of the event, analysts expect PLD to report a non-GAAP earnings of $1.41 per share, up 5.2% from the profit of $1.34 per share reported in the year-ago quarter. Moreover, the company has surpassed the Street's bottom-line projections in each of the past four quarters. Ditch Big Tech and Buy These 3 Popular Stocks in 2025 Instead Dear Nvidia Stock Fans, Watch This Event Today Closely Can Broadcom Stock Hit $400 in 2025? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! For the current year, its earnings are expected to come in at $5.70 per share, up 2.5% from $5.56 per share reported in the year-ago quarter. In fiscal 2026, its earnings are expected to rise 6.1% year-over-year to $6.05 per share. PLD stock has declined 5.5% over the past 52 weeks, significantly underperforming the Real Estate Select Sector SPDR Fund's (XLRE) 8.5% gains and the S&P 500 Index's ($SPX) 12.1% uptick during the same time frame. On Apr. 16, Prologis stock climbed 1.8% following the release of its Q1 earnings. The company's revenue increased 8.7% year-over-year to $2.14 billion and exceeded analyst expectations. Moreover, its reported core FFO of $1.42 per share also surpassed the consensus estimates by 2.9%. The company also reported a significant 53.7% increase in net effective rent change, showcasing its strong demand and pricing power in the logistics real estate market. The consensus opinion on PLD is cautiously optimistic, with a 'Moderate Buy' rating overall. Of the 24 analysts covering the stock, opinions include 12 'Strong Buys,' two 'Moderate Buys,' eight 'Holds,' and two 'Strong Sells.' Its mean price target of $118.25 suggests a 13.3% upside potential from current price levels On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Prologis (PLD) Exceeds Market Returns: Some Facts to Consider
In the latest close session, Prologis (PLD) was up +1.18% at $105.62. The stock exceeded the S&P 500, which registered a gain of 0.52% for the day. Elsewhere, the Dow gained 1%, while the tech-heavy Nasdaq added 0.52%. The stock of industrial real estate developer has fallen by 4.43% in the past month, lagging the Finance sector's gain of 3.62% and the S&P 500's gain of 5.95%. Market participants will be closely following the financial results of Prologis in its upcoming release. The company plans to announce its earnings on July 16, 2025. The company is expected to report EPS of $1.41, up 5.22% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $2 billion, indicating a 7.88% upward movement from the same quarter last year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.7 per share and revenue of $8.09 billion, indicating changes of +2.52% and +7.65%, respectively, compared to the previous year. Investors should also pay attention to any latest changes in analyst estimates for Prologis. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.2% higher. Right now, Prologis possesses a Zacks Rank of #3 (Hold). In the context of valuation, Prologis is at present trading with a Forward P/E ratio of 18.31. This denotes a premium relative to the industry average Forward P/E of 11.52. We can additionally observe that PLD currently boasts a PEG ratio of 2.65. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the REIT and Equity Trust - Other industry was having an average PEG ratio of 2.41. The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 140, which puts it in the bottom 44% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Prologis, Inc. (PLD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
5 days ago
- Business
- Yahoo
How Prologis' Consistent Dividends Continue to Attract Income Investors
Prologis, Inc. (NYSE:PLD) is one of the Best REIT Dividend Stocks to Buy in 2025. A large logistic facility within the industrial real estate sector. The company serves 6,500 customers worldwide, with 86% of income from the US. Its distribution centers handle 3% of global GDP annually. While e-commerce drives growth, 40% of its clients provide essential goods, making its business resilient in downturns. Prologis, Inc. (NYSE:PLD) owns well-located properties that are highly sought after by retail, e-commerce, and logistics companies, keeping occupancy high and rents steadily rising. This results in consistent rental income, which supports a strong and growing dividend. Prologis, Inc. (NYSE:PLD) currently offers a 3.7% yield, which is more than double the market's 1.3%. The company has increased its dividend at a 13% annual rate over the past five years, outperforming both the broader market and most REITs. In addition, the company has raised its payouts for 11 consecutive years. With strong financials, Prologis, Inc. (NYSE:PLD) is well-positioned to keep growing its dividend through rent increases, new warehouse developments on its large land holdings, selective data center construction, and strategic acquisitions. Currently, it offers a quarterly dividend of $1.01 per share. While we acknowledge the potential of PLD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Sign in to access your portfolio
San Francisco Chronicle
7 days ago
- Business
- San Francisco Chronicle
California's Great America could close in 2027 — here's what we know
After nearly five decades of roller coasters, fireworks and funnel cakes, California's Great America may be nearing the end of its run. Six Flags, the amusement park's parent company, announced that the Santa Clara attraction is likely to close following the 2027 season — unless the company opts to extend its current land lease. 'As previously announced at the time of the sale, the park's land lease will expire in 2028 with a potential five-year renewal option,' a company spokesperson said in a statement Monday. 'At this time, we are still in the planning stages and are working with city officials and engaging the community. Until we know more, we remain focused on the great season that's already underway at the park.' The park is expected to operate through October 2027, closing after its annual Halloween festivities, unless further action is taken to preserve the site. The looming closure stems from a 2022 land sale, in which then-owner Cedar Fair sold the 112-acre property beneath the park to San Francisco logistics real estate firm Prologis for $310 million. Cedar Fair agreed to lease back the land for 6 to 11 years, announcing intentions to shut down operations at the end of the lease. That lease is currently set to expire on June 30, 2028, with an option to extend for another five years, through 2033. Cedar Fair merged with Six Flags in 2024, forming one of North America's largest theme park operators. 'Unless we decide to extend, and exercise one of our options to extend that lease, that park's last year without that extension would be after the '27 season,' Six Flags chief financial officer Brian Witherow said at the company's Investor Day in May. Witherow noted that California's Great America and Six Flags America in Maryland — also set to close after the 2025 season — are 'very low on the ranking of margins' among the company's properties. Despite the financial calculus, Six Flags said no final decision has been made about the park's fate California's Great America first opened in 1976 as Marriott's Great America. It has since become a beloved destination for generations of Bay Area residents, drawing millions each year with its rides, water attractions and holiday events. Prologis has begun developing long-term plans for the land, though no immediate changes are expected. 'We're focused on identifying and partnering with planning and design experts to help us create a master plan for the property,' spokesperson Jennifer Nelson told the Los Angeles Times earlier this year.
Yahoo
23-06-2025
- Business
- Yahoo
Six Flags California's Great America Prepares to Close After 50 Years
Six Flags California's Great America amusement park in Santa Clara, Calif., may soon shut its doors During a recent investors meeting for the company, the Six Flags CFO announced the park will close after the 2027 season, unless they extend their lease The park is set to celebrate its 50th season in 2026Six Flags California's Great America may soon shut its gates permanently.'Unless we decide to extend, and exercise one of our options to extend that lease, that park's last year without that extension would be after the '27 season,' Six Flags chief financial officer Brian Witherow said about the Santa Clara, Calif., park. The comments were made while answering an audience question at the company's Six Flags Investor Day 2025 on May 20. The news followed the May 1 announcement that Six Flags America in Bowie, Md., is closing at the end of the 2025 season.'Those are two parks that are very low on the ranking of margins,' Witherow means the over-100-acre park would close in October 2027 after the Halloween season. The park first opened in 1976 under the Marriott Corporation as Marriott's Great America. In 2024, the park's parent company, Cedar Fair, merged with Six Flags in an $8 billion deal. Two years before, Cedar Fair had sold the 112 acres of land underneath the park for $310 million to Prologis, a real estate and supply chain logistics company. The amusement park company agreed to lease back the land for six to 11 years, announcing plans to close the park at the end of the lease. The initial lease agreement is set to end on June 30, 2028, with an option to extend the terms for another five years to 2033. However, the company has yet to announce a lease extension.'We chose Prologis as our partner because of their deep ties in the Bay Area and their reputation for working closely with local communities on large developments,' then Cedar Fair president and CEO Richard A. Zimmerman said via press release in June 2022. Prologis is already making plans for the land: 'We're focused on identifying and partnering with planning and design experts to help us create a master plan for the property,' spokesperson Jennifer Nelson wrote in an email to the Los Angeles Times in January. Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest Great America's counterpart in the Midwest, Six Flags Great America outside of Chicago, opened the same year as the West Coast park. However, only the Illinois park will receive enhancements and celebrate the park's 50th season. Official closure details, including the final day of operation, is yet to be announced by Six Flags. Read the original article on People
