PLD - Prologis Inc Shareholders - CNNMoney.com - CNN Business Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Hamid Moghadam. Growth. Up about 275% over the past decade, is Prologis worth buying? For more information visit Pros. Is an airlines schedule its only product attribute? Prologis, Inc. is a logistics real estate company with about 1.2 billion square feet of property across 19 countries with a focus on high-barrier, high-growth markets. Prologis has a globally diversified portfolio of warehouses in key distribution hubs. *Average returns of all recommendations since inception. The company acquires and develops properties in strategic locations, such as near major transportation hubs and population centers. Thus, a steep drawdown in the shares has taken shape. Monday, December 27, 2021 Link Logistics Chief Investment Officer Nicholas Pell with Link's Tampa, Florida facility in background (Photo: Link Logistics) Blackstone remains committed to the logistics asset class, with Nadeem Meghji, head of Blackstone Real Estate Americas, calling it a high conviction theme for us, in prepared remarks. Great content every time. From Morocco, the New Economy Gateway series brings together regional leaders to discuss, analyze and propose solutions to the global economys most pressing problems. Net absorption in Prologis' markets remains very high, resulting in impressive rent growth. A value-focused investor probably won't be interested here. Private equity firms and institutional investors that are increasingly investing in industrial real estate and competing for acquisition opportunities. We stand with them. Prologis is a company of people working to help make other people's lives easier and better by enabling the movement of goods around the world. Supply chain consulting: Prologis offers supply chain consulting services to help its customers optimize their logistics operations and improve efficiency. Prologis, Inc. is a real estate investment trust (REIT) company. Prologis, meanwhile, had notched a return of 53.80% through Nov. 29 of this year, and there's reason to believe this run is not over. Website. The company makes money primarily through rental income from its properties, as well as through property sales and development. View analysts price targets for PLD or . How much real estate does Prologis own? All in all we see the price decline as a healthy correction that has now priced shares to deliver high single digits to low double digits returns. Cost basis and return based on previous market day close. Is it worth owning this warehouse-focused real estate investment trust (REIT) now that it has pulled back from recent highs? Please be aware of the risks associated with these stocks. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. But for those seeking dividend growth, it might be worth taking a closer look, noting its more than 180% increase in the dividend over the past decade. How does BX have a market cap of $102B and claim to own $175B worth of warehouses? The Motley Fool has a disclosure policy. The company said in an October report that strong retail sales have driven vacancy among U.S. warehouses to a new low of 3.9%, as net absorption -- space newly occupied minus space newly vacant -- hit a record high of 115-million square feet in this year's third quarter, more than double last year's level. Its balance sheet metrics are quite strong, for example debt/EBITDA remains relatively low at 3.9x, Fixed Charge Coverage Ratio is quite high at 13.3x, and liquidity is a healthy $6.8 billion. Table of Contents. Shortfall may grow to 450K as enrollments drop, 1 in 3 want new jobs. Blackstone has signed a definitive agreement with Prologis to sell its nearly 14 million square feet of industrial properties from its affiliated opportunistic real estate funds for $3.1 billion. 67 Reviews. Navigating a Changing Mall: Analyzing Consumer Behavior. Some competitive threats to Prologis include: 1. Total Enterprise Value to Total Revenue (ttm). 'Phantom' is set in Korea in the late 1930s when Korea was still under Japanese rule and independence fighters continued the fight to reclaim their nation. That's based on an annual dividend of $2.52, a payout that has been consistently raised for the past 12 years, from $0.28 in 2009 to $0.63 in each of the past three quarters after a nickel boost in the first quarter of 2021. They own and operate warehouses and industrial properties in key markets around the world, providing space for businesses to store and distribute their goods. Nothing in this article should be taken as a solicitation to purchase or sell securities. 3. Glassdoor gives you an inside look at what it's like to work at Prologis, including salaries, reviews, office photos, and more. This suggests that the potential for revenue increases noted by management (even if rent rates flatline) remains a strong business driver. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. In addition to rental income, Prologis also generates revenue through property sales and development. EPS and Revenue estimates are for the next 12 months. Prologis reported its latest dividend payment at $0.58 per share. Recent results, meanwhile, have been nothing short of incredible. If the company's positive outlook is even close to the mark, the underlying business strength at Prologis isn't going to peter out anytime soon. The San Francisco-based company boasts a portfolio of 4,675 buildings encompassing 994-million square feet and occupied by 5,500 customers. In fact, it is likely to keep growing over time, even if that growth rate slows. On average, they predict the company's stock price to reach $143.90 in the next twelve months. . Is this happening to you frequently? Prologis is almost 2x as efficient as its average peer. Given his position in the industry as the CEO and co-chairman of Prologis, one of the largest industrial real estate companies in the world, this comes as no surprise. High-Quality Properties: Prologis has a portfolio of high-quality properties that are strategically located near major transportation hubs and population centers. Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months. Prologis has a globally diversified portfolio of warehouses in key distribution hubs. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. Please disable your ad-blocker and refresh. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Its market cap of $113.3 . The Motley Fool recommends Target. www.copyright.com. Prologis is a real estate investment trust (REIT) that specializes in logistics and industrial properties. English . I am not receiving compensation for it (other than from Seeking Alpha). Type Public Status Active Founded 1991 HQ Making the world smarter, happier, and richer. Prologis (NYSE:PLD) - Stock Price, News & Analysis - Simply Wall St All times are ET. adjusting to today's market rents. Learn More. Walgreens Boots Alliance Surpised the Market, and Not in a Good Way So demand for Prologis' space is likely to remain strong, even if there is some near-term softness. Disclaimer. Many Prologis, Inc. ( NYSE:PLD) insiders ditched their stock over the past year, which may be of interest to the company's shareholders. You can email the site owner to let them know you were blocked. Most stock quote data provided by BATS. Overstock.com is turning the headwinds created by its liquidator name into tailwinds under its newly acquired Bed Bath & Beyond brand name with its IP assets. Prologis to buy industrial properties from Blackstone for $3.1B The company's focus on logistics and industrial properties has helped it to become a leader in the industry, and its diversified portfolio and strong relationships with tenants have helped to ensure a steady stream of revenue. When investors get an investment idea in their heads, they often take it to frightening extremes. You guys post the best articles. The Federal Reserve may get the recession it seems to be requesting. Related by Industry: Diversified Financials, Located in San Francisco-Oakland-Fremont, CA Metropolitan Area. We hope the people of Ukraine are able to return to a peaceful and free life and nation. Today, Prologis is a leading provider of logistics real estate solutions, with a focus on sustainability and innovation. All content is posted anonymously by employees working at Prologis. Either through full ownership or investment ventures, Prologis operates across 976 million square feet in 19 countries. Buy These 2 Discounted Stocks, 4 Unparalleled Growth Stocks You'll Regret Not Buying in the Wake of the Nasdaq Bear Market Dip, 1 Growth Stock Down 92% You'll Regret Not Buying on the Dip, Why I Recently Invested Another $600 Into This Magnificent High-Yield Dividend Stock, These 3 Dividend Stocks Have Drubbed the Dow for a Decade: Here's Why They Can Keep That Going, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. [emailprotected] The information contained herein is for informational purposes only. Each investigation is recounted by award-winning journalists and the people who are living the story. Prologis | PLD Stock Price, Company Overview & News - Forbes Bought 2.6 Million shares of Prologis Inc, Bought 1.0 Million shares of Prologis Inc, Bought 995.8 Thousand shares of Prologis Inc. Prologis NYSE: PLD San Francisco, California $120.87 +1.86 (+1.56%) Share Price as of June 27 4:00:00 PM EST About Prologis Prologis, Inc. is a logistics real estate company with about 1.2. All Rights Reserved. 3. Up. Was the DukeRealty acquisition a disaster? He notes that the private equity giant owns $100 billion of warehouses in North America and $175 billion in total around the world. The Bloomberg Dollar Spot Index, which tracks the performance of a basket of 10 leading global currencies versus the dollar, has declined 2% so far this year. Industrial warehouse space is at a premium, and Prologis is the largest REIT in the sector. Sustainable Practices: Prologis is committed to sustainable practices and has implemented a number of initiatives to reduce its environmental impact. Is this considered a typical price? Over $4000 a square foot. In fact demand is so strong that at the current absorption rate, available space in the U.S. would dry up in 16 months. Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business. And crucially, the company says, the market doesn't even completely reflect that demand yet because many companies are more focused now on building inventory rather than adding space. 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Charles Martin: Odds, Records, Prediction, Freedom Is Worth The Fight In The Korean Film Phantom, Crucial West African LNG Project Struggles To Achieve First Gas, Rite Aid Not Ruling Out More Store Closures As Losses Mount, The Worlds Largest Banks 2023: JPMorgan Chase Takes Top Spot Overall As Five Banks Crack Top Ten Of Forbes Global 2000, Forbes Global 2000: The Worlds Largest Insurance Companies In 2023, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. The average Prologis salary ranges from approximately $52,000 per year for Accounts Receivable Clerk to $178,000 per year for Director of Communications. 5. Over the years, Prologis expanded its operations globally, acquiring other logistics real estate companies and developing properties in key markets around the world. Prologis also offers a range of services to help their customers optimize their supply chain operations. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Supply hasnt begun to really meet demand, the company says, pointing to more growth to come. So far 2022 has been a tough year for shares of Prologis (NYSE:PLD), down by almost a third. Marc Rapport has no position in any of the stocks mentioned. 1983. Already have an account? Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Learn More. FC Barcelona reportedly have "everything agreed upon" with Paris Saint-Germain to sign Neymar, but one point of contention is stopping the deal from being finalized. Salary information comes from 450 data points . Overview Prologis is a real estate investment trust (REIT). Economic downturns or recessions that could lead to a decrease in demand for industrial properties and a decline in rental rates. 1 of 3 PLD vs Industrial REIT Stocks View Top Industrial REIT Stocks Prologis Stock Ownership FAQ Who owns Prologis? Company History | Prologis This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. Another specific reason for Prologis is that it got a little overvalued, but we now believe shares are fairly valued again. . Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The company leases these properties to a diverse range of tenants, including retailers, manufacturers, and logistics companies. That includes the biggest of industrial REITs: Prologis (PLD 0.93%), which says that demand is at an all-time high for warehouse space. Cons. Yes, Prologis has made several notable acquisitions, including the acquisition of DCT Industrial Trust in 2018 for $8.4 billion, the acquisition of KTR Capital Partners in 2015 for $5.9 billion, and the acquisition of AMB Property Corporation in 2011 for $8.7 billion. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. The transaction is currently expected to close by the end of Q2. Copyright 2023, Prologis, Inc. All rights reserved. This gives the company a competitive advantage in terms of differentiation and customer satisfaction. One is that real estate in general has gone down as evidenced by the Vanguard Real Estate ETF VNQ. Invest better with The Motley Fool. Fin-tech startup leveraging machine learning technology to discover investing opportunities and to generate growth-optimal portfolios. The answer is that retail names have been taking a shellacking on Wall Street ever since Targetreported earnings that fell short of analyst estimates. Get answers to your biggest company questions on Indeed. Logistics Real Estate & Supply Chain Logistics | Prologis That development opportunity is spread all over the world as well, so there's no one market that has to thrive for the company to take advantage of this internal investment. At the same time, Prologis continues to find ways to improve its efficiency, driving G&A as a percentage of assets under management to record lows. To make the world smarter, happier, and richer. Prologis Stock Ownership - Who Owns Prologis in 2023? - WallStreetZen The company owns and operates properties in key logistics markets around the world, including the United States, Europe, Asia, and Latin America. - Innovative (way more to the business than just standard real estate) - Progressive (inclusive culture, leading the way for commercial real estate) - Great benefits (401k, bonus, parental leave, vacation days, medical, vision/dental, etc.) This gives the company a competitive advantage in terms of diversification and access to a wide range of markets. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. So long as Blackstone can sell some assets and raise cash it is net positive. - Company is growing at a fast rate with multiple business lines. Exclusive discounts on ALM and GlobeSt events. Prologis is a real estate investment trust that specializes in logistics and distribution facilities. At current prices of ~$120 this means a yield of ~2.6%. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Making the world smarter, happier, and richer. Prologis is paying cash for the assets. Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. Growth in funds from operation per share has been impressive, growing almost 50% in the last four years. Cloudflare Ray ID: 7e0005722a25d5ed To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. For 2022 Prologis is expected to deliver another big jump in FFO per share to ~$5.15. Company Chairman and Chief Executive Officer Hamid Moghadam said in the third-quarter earnings announcement that record-low vacancies are driving unprecedented increases in market rents and valuations, and space in its markets is effectively sold out. Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. Use Forbes logos and quotes in your marketing. Seems like an aggressive valuation? Valerie Clark 10/15/2022. Supply chain woes are resulting in supply chain "wows" for some publicly traded companies, including those real estate investment trusts (REITs) that specialize in warehouses all along the global distribution nervous system. In 1991, Prologis became a publicly traded company on the New York Stock Exchange. Prologis is a global leader in logistics real estate, providing a wide range of products and services to its customers. Prologis, Inc. (NYSE:PLD) insiders sold US$7.8m worth of stock suggesting impending weakness. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The stock was yielding 1.68% at that level, compared with 1.29% for the S&P 500. Despite all this spending, profitability has not been an issue. Prologis is committed to providing its customers with state-of-the-art facilities that meet their evolving needs, while also reducing its environmental impact and promoting social responsibility. Blackstone Sells Nearly 14M SF of Industrial Properties for $3.1B Finally, some analysts disliked the DukeRealty acquisition. All in all we see the price decline as a healthy correction that has now priced shares to deliver high single digits to low double digits returns, as long as the industry does not overbuild logistics capacity.