- Prologis’ 1Q core FFO per share met the estimated value of $1.28.
- Prologis’ earnings per share (EPS) stood at 63c.
- Occupancy at Prologis was 96.8%, slightly lower than the estimated 96.9%.
- The company’s revenue came in at $1.96 billion, outpacing an estimate of $1.94 billion.
- The operating income of Prologis was $720.4 million.
- Prologis’ net operating income was $1.37 billion.
- The company recorded a core FFO of $1.22 billion, somewhat shy of the estimated $1.23 billion.
- General and administrative expenses were reported to be $111.3 million, lower than the projected expense of $114.7 million.
- Prologis has lowered its full-year guidance for occupancy, same-store growth, and earnings due to the consideration of timing and the outlook on new supply remaining favorable.
- Although facing near-term headwinds in Southern California, Prologis remains positive about long-term growth and value due to the region’s supply barriers and secular forces driving future demand.
- The company currently holds 21 buys, 5 holds, and 0 sells.
A look at Prologis Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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. is positioned well for long-term success based on the Smartkarma Smart Scores analysis. With a strong focus on growth, the company has received a score of 4 in this category. This indicates a positive outlook for the future expansion of Prologis Inc. Additionally, with solid scores of 3 in Value, Dividend, Resilience, and Momentum, the company showcases stability and potential for financial returns. Prologis Inc‘s diverse portfolio of industrial real estate across global markets underpins its resilience, making it an attractive option for investors looking for a robust long-term investment.
Prologis, Inc. stands out as a reliable player in the industrial real estate sector, backed by its global presence and focus on leasing modern distribution facilities. The Smartkarma Smart Scores reflect a balanced approach by Prologis Inc, with consistent scores across different factors. Investors looking for a company with a solid growth trajectory, value proposition, dividend potential, resilience to market fluctuations, and steady momentum could find Prologis Inc to be a top contender for long-term investment opportunities in the industrial real estate sector.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
