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Last $40.42 USD
Change Today +0.22 / 0.55%
Volume 3.2M
PLD On Other Exchanges
Symbol
Exchange
New York
Mexico
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

prologis inc (PLD) Snapshot

Open
$40.40
Previous Close
$40.20
Day High
$40.70
Day Low
$40.18
52 Week High
01/27/15 - $47.56
52 Week Low
10/2/14 - $37.12
Market Cap
21.1B
Average Volume 10 Days
4.1M
EPS TTM
$2.17
Shares Outstanding
521.2M
EX-Date
06/9/15
P/E TM
18.6x
Dividend
$1.44
Dividend Yield
3.34%
Current Stock Chart for PROLOGIS INC (PLD)

prologis inc (PLD) Related Businessweek News

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prologis inc (PLD) Details

Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, management, and leasing of industrial distribution and retail properties. It was previously known as Security Capital Investment Trust. Prologis Inc. was formed in 1991 and is based in San Francisco, California with an additional office in Denver, Colorado.

Founded in 1991

prologis inc (PLD) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $2.8M
Chief Financial Officer
Total Annual Compensation: $1.5M
Chief Executive Officer of the Americas
Total Annual Compensation: $1.5M
Chief Executive Officer of Europe and Asia
Total Annual Compensation: $1.4M
Chief Legal Officer, General Counsel and Secr...
Total Annual Compensation: $1.5M
Compensation as of Fiscal Year 2014.

prologis inc (PLD) Key Developments

Prologis, Inc. Declares Quarterly Dividends on Common Stock and Preferred Stock Payable June 30, 2015

The Board of Directors of Prologis, Inc. declared a regular cash dividend for the quarter ending June 30, 2015, on the following securities: A dividend of $0.36 per share of the company's common stock, payable June 30, 2015, to common stockholders of record at the close of business on June 11, 2015; and A dividend of $1.0675 per share on the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable June 30, 2015, to Series Q stockholders of record at the close of business on June 18, 2015.

Prologis Seeks Acquisitions

Prologis, Inc. (NYSE:PLD) will consider acquisitions. Capital inflows and increased competition in the industrial sector, especially in the UK, have prompted Prologis to revise its M&A strategy. Philip Dunne, President of Prologis Europe said, "Now our focus is turning it down on third party acquisitions and ramping up our development machine. "We did just under a billion in acquisitions in Europe last year and I think we will do something significantly less than that this year. We will buy buildings if they are priced sensibly and are accretive to our total returns and we will develop where we have the best land right across Europe," he adds. Prologis is not exploring in Europe the corporate acquisition trail.

Prologis, Inc. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year 2015

Prologis, Inc. reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating income of $83,881,000, earnings before income taxes of $353,203,000, net earnings attributable to common stockholders of $345,206,000 or $0.65 per diluted share on total revenues of $462,847,000 against operating income of $71,466,000, earnings before income taxes of $18,883,000, net earnings attributable to common stockholders of $4,666,000 or $0.01 per diluted share on total revenues of $434,682,000 for the same period a year ago. Adjusted net earnings - diluted was $345,242,000 or $0.65 per diluted share against adjusted net earnings - diluted of $4,683,000 or $0.01 per diluted share for the same period a year ago. Diluted core FFO was $258,766,000 or $0.49 per diluted share against $222,008,000 or $0.43 per diluted share a year ago. The company provided earnings guidance for the full year 2015. The company narrowed its 2015 core FFO guidance range to $2.07 to $2.13 per diluted share from $2.04 to $2.12 per diluted share representing 12% growth at the midpoint compared with full year 2014. The company expected to recognize net earnings, for GAAP purposes, of $0.98 to $1.04 per share.  This assumes (on an owned and managed basis), year-end occupancy between 95.5% and 96.5%, GAAP same store NOI growth between 3.75% and 4.50%, development stabilizations between $1.7 billion and $1.9 billion, development starts between $2.3 billion and $2.6 billion, building acquisitions between $1.0 billion and $1.5 billion, contributions to co-investment ventures between $1.3 billion and $1.8 billion and strategic capital revenue between $195 million and $205 million. From a cash flow or AFFO perspective, the company expects growth in line with core FFO. The impact of this transaction on 2015 core FFO will be vary based on the closing date of the deal and how finance this in the short term.

 

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PLD Competitors

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Company Last Change
DCT Industrial Trust Inc $33.56 USD +0.52
Duke Realty Corp $20.02 USD +0.21
First Industrial Realty Trust Inc $19.96 USD +0.23
Liberty Property Trust $34.75 USD -0.09
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Industry Analysis

PLD

Industry Average

Valuation PLD Industry Range
Price/Earnings 21.5x
Price/Sales 10.8x
Price/Book 1.4x
Price/Cash Flow 12.9x
TEV/Sales 5.7x
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