- Prologis reported first-quarter occupancy at 94.9%, slightly below the estimated 95.3%.
- Core Funds from Operations (FFO) per share came in at $1.42.
- Earnings Per Share (EPS) was reported at 63 cents.
- Prologis’ revenue for the quarter was $2.14 billion, surpassing the estimated $2.12 billion.
- Operating income for the period amounted to $878.4 million.
- Net operating income stood at $1.50 billion in the first quarter.
- Prologis reported Core FFO at $1.36 billion.
- General and administrative expenses were $114.7 million, lower than the estimated $117.4 million.
- Analyst recommendations for Prologis included 18 buys, 7 holds, and 2 sells.
Prologis Inc on Smartkarma
Analyst coverage of Prologis Inc on Smartkarma, an independent investment research network, highlights insights from Jacob Cheng. In his bullish report titled “Never Too Late to Chase the Rally! Prologis, the World’s Leading Logistics Company,” Cheng points out the attractiveness of Prologis as the world’s largest logistics company in the hot US market. Despite PLD being down -15% YTD while the broader real estate index is up 8.3%, Cheng sees an opportunity for catch-up due to Prologis’ strong fundamentals and attractive valuation.
According to Cheng’s analysis on Smartkarma, the logistics sector, deemed the future with strong structural demand drivers, offers compelling investment opportunities. Recognizing Prologis as the key player in this space, Cheng emphasizes the sector’s potential growth amid depleting supply. With a positive stance on Prologis’ prospects in the evolving US market, Cheng’s research provides valuable insights for investors considering capitalizing on the growth potential of the logistics industry.
A look at Prologis Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Prologis Inc, a leading industrial real estate company, is positioned for long-term success as indicated by its Smartkarma Smart Scores. With solid scores in Dividend, Resilience, and Momentum, Prologis shows strength in providing consistent payouts to investors, maintaining stability, and showcasing positive market trends. These factors point towards a promising future for the company in the industrial real estate sector.
Specializing in global and regional markets across the Americas, Europe, and Asia, Prologis, Inc. demonstrates a balanced approach to growth and value. While the company may not have the highest scores in Value and Growth, its strong performance in Dividend, Resilience, and Momentum suggests a reliable investment opportunity with long-term stability and potential for growth. With a focus on leasing modern distribution facilities to a diverse range of customers, including manufacturers, retailers, and logistics providers, Prologis is well-positioned to capitalize on the evolving demands of the industrial real estate market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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