$PLD (Prologis, Inc.)

$PLD {{ '2015-07-21T15:55:29+0000' | timeago}} • Webcast

$PLD 2Q15 Call: GAAP same store NOI was up 5.9% in 2Q15 & was led by US with 7.1%. Development stabilizations were $578MM with estimated margin of 31% & value creation of $179MM or $0.34 a share. Development starts totaled $799MM with estimated margin of 19.6%. Contributions & building dispositions totaled $415MM with a stabilized cap rate of 5.9%.

$PLD {{ '2017-09-07T22:36:01+0000' | timeago}} • Announcement

$PLD declared a dividend of $0.44 per share on its common stock for 3Q17, payable on Sept. 29, 2017, to stockholders of record on Sept. 18, 2017. $PLD also declared a dividend of $1.0675 per share on its 8.54% Series Q Cumulative Redeemable Preferred Stock, payable Oct. 2, 2017, to stockholders of record on Sept. 18, 2017.

$PLD {{ '2017-08-16T18:50:54+0000' | timeago}} • Announcement

$PLD has acquired Cyrela Commercial Properties' (CCP) interest in its Brazil portfolio and now owns 100% of Prologis CCP. Prologis CCP was a JV between $PLD and Cyrela Commercial Properties. Now that the transaction has closed, Prologis Brazil owns and operates 9.2MM sq.ft. of logistics facilities in São Paulo and Rio De Janeiro.

$PLD {{ '2017-07-18T17:37:07+0000' | timeago}} • Webcast

$PLD expects margins to continue to grow in the second half of 2017, but at a slightly slower rate than in the first half. The company sees its same store performance improving in fiscal 2018, compared to this year, on the back of higher market rents.

$PLD {{ '2017-07-18T17:00:40+0000' | timeago}} • Webcast

Logistics real estate firm $PLD said market rent growth in the US is on pace to reach 8% this year, while most of the international markets will also witness an increase. According to the company, e-commerce will remain the most significant contributor to its growth in the coming quarters. Another potential growth driver is the healthcare sector.

$PLD {{ '2017-07-18T16:42:18+0000' | timeago}} • Webcast

$PLD has narrowed the range of its year-end occupancy outlook to 96.5-97% from 96-97%. The development starts guidance has been increased by $200MM to the range of $1.8Bil to $2.1Bil. While the growth prospects for 2017 are constrained by non-availability of space, the company has marginally increased its expectations of supply and demand for 2018.

$PLD {{ '2017-07-18T12:43:05+0000' | timeago}} • Announcement

$PLD revised up its EPS forecast for 2017 to the $2.76-$2.84 range from the earlier forecast between $1.7 and $1.8. Core FFO is currently seen between $2.78 per share and $2.82 per share, higher than the previous outlook of $2.72-$2.78 per share. The outlook of net promote income for 2017 has been raised to $90MM from $65-$75MM estimated earlier.

$PLD {{ '2017-07-18T12:31:38+0000' | timeago}} • Announcement

$PLD’s core funds from operations, or FFO, advanced to $461MM or $0.84 per share in 2Q17 from $324MM or $0.60per share last year. The FFO growth was supported by a $0.18 per share positive impact from net promote income.

$PLD {{ '2017-07-18T12:24:11+0000' | timeago}} • Announcement

Logistics real estate company $PLD said its net profit dropped 3% to $267MM or $0.50 per share in 2Q17 from $275MM or $0.52 per share a year earlier. However, revenues advanced 27% YoY to $766MM, helped mainly by higher rents and property values.

$PLD {{ '2017-07-05T11:01:31+0000' | timeago}} • Announcement

$PLD to acquire its partner's interest in its Brazil portfolio for R$1.2Bil (US$362MM). Upon transaction close, $PLD will own 100% of Prologis CCP and rename the business to Prologis Brazil. The transaction is expected to close in 2H17. Prologis CCP is a JV between $PLD and Cyrela Commercial Properties.

$PLD {{ '2017-06-30T11:30:34+0000' | timeago}} • Announcement

$PLD announced a strategic partnership with Plug and Play to support startups in Supply Chain and Logistics vertical. $PLD will provide mentorship and space in its logistics real estate properties to a select group of startups in the Plug and Play accelerator program to pilot new technologies.

$PLD {{ '2017-06-05T12:41:40+0000' | timeago}} • Announcement

$PLD has reaffirmed its commitment to long-term climate action. In the annual sustainability report, Prologis said it is meeting or exceeding its greenhouse gas emission reduction goal of 20% by 2020, and achieved progress in sustainable buildings certifications. Solar installations in the company’s footprint rose by 18 MW to 165 MW in 9 countries.

$PLD {{ '2017-06-01T11:58:10+0000' | timeago}} • Announcement

$PLD said its operating subsidiary Prologis L.P. priced an offering of GBP500MM of notes due 2029. The notes will be senior unsecured obligations of the operating subsidiary and will be fully and unconditionally guaranteed by $PLD. The sale of the notes is expected to close on or about June 7, 2017.

$PLD {{ '2017-05-04T16:11:08+0000' | timeago}} • Announcement

$PLD declared a regular cash dividend for the quarter ending June 30, 2017 of $0.44 per share of its common stock, payable on June 30, 2017, to stockholders as on June 14, 2017. Additionally, a dividend of $1.0675 per share was declared on its 8.54% Series Q Preferred Stock, payable on June 30, 2017, to Series Q stockholders as on June 19, 2017.

$PLD {{ '2017-04-18T16:57:35+0000' | timeago}} • Webcast

$PLD is seeing consistent rent growth across markets in the US. From a market rent growth perspective, for Europe, $PLD is forecasting just under 2.5% accelerating to above 3% in 2017. In Japan, market rent growth is around 1% and $PLD expects the same for 2018. In China, market rent growth is around 3.5% and it is expected to grow to 4.5% in 2018.

$PLD {{ '2017-04-18T16:42:11+0000' | timeago}} • Webcast

$PLD said the increase in same-store expenses during 1Q17 was primarily due to higher real estate taxes. This had a 30BP impact on revenues which is small. The same-store revenue growth came in over 4% excluding this impact. The company does not expect this trend to continue for the rest of 2017.

$PLD {{ '2017-04-18T16:35:42+0000' | timeago}} • Webcast

$PLD said the capacity of its existing funds to absorb completed product is limited and the company needed a home for its excess development volume in the UK. The UK joint venture was formed with the aim of producing good assets at good margins.

$PLD {{ '2017-04-18T16:30:28+0000' | timeago}} • Webcast

$PLD expects supply to exceed demand in the 2018-2019 timeframe and the company is not seeing any new developments. The issue is focused on five or six markets and only a few players.

$PLD {{ '2017-04-18T12:54:07+0000' | timeago}} • Announcement

$PLD has raised the guidance for FY17 net earnings per diluted share by $0.13. The company now expects net earnings to be in the range of $1.70-1.80. Guidance for core FFO per diluted share increased $0.10 to $2.72-2.78.

$PLD {{ '2017-04-18T12:50:01+0000' | timeago}} • Announcement

$PLD's core funds from operations, or FFO, during 1Q17 increased to $347MM, or $0.63 per share , compared with $330MM, or $0.61 per share during the period in the prior year. This increase was due to higher operating performance and increased net promote income.

$PLD {{ '2017-04-18T12:43:10+0000' | timeago}} • Announcement

Logistics real estate company $PLD posted lower 1Q17 earnings despite higher revenue due to lower gains on dispositions of development properties and land. Net earnings fell 2.4% to $203MM, or $0.38 per share, compared to $606MM, or $0.39 per share during 1Q16. Revenue rose 3.3% YoY to $629MM from $606MM.

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