Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now Milan - Delayed Quote • EUR PROLOGIS REIT (1PLD.MI) Follow Compare 108.62 +5.98 +(5.83%) As of March 11 at 1:53:24 PM GMT+1. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Prologis to Participate in Industry Conferences Prologis, Inc. (NYSE: PLD) today announced that Hamid Moghadam, co-founder, chairman and CEO; Dan Letter, president; and Tim Arndt, chief financial officer, will participate in the Citi 2025 Global Property CEO Conference at The Diplomat Beach Resort in Hollywood, Florida. Prologis Board of Directors Approves 5 Percent Increase in Quarterly Common Stock Dividend The Board of Directors of Prologis, Inc. (NYSE: PLD) today approved a plan to raise the company's annualized dividend by 5% to $4.04 per share of common stock. Prologis CEO and Founder Hamid Moghadam to Retire The world’s largest industrial property developer said Moghadam will retire Jan. 1 and be succeeded by Dan Letter, the company’s president. PROLOGIS ANNOUNCES LEADERSHIP TRANSITION Prologis, the global leader in logistics real estate, today announced the retirement of its co-founder, Hamid R. Moghadam, from his CEO role, effective January 1, 2026. After more than four decades of visionary leadership, Moghadam will continue as executive chairman, providing strategic guidance consistent with the company's mission of "enduring excellence." Prologis Announces Tax Treatment of 2024 Dividends Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced the tax treatment of its 2024 distributions. Exhibits A and B reflect the tax treatment of distributions per share of Prologis, Inc. common and preferred stock, respectively, as prescribed by the Internal Revenue Code. Prologis price target lowered to $130 from $135 at Argus Argus lowered the firm’s price target on Prologis (PLD) to $130 from $135 and keeps a Buy rating on the shares. The firm notes that its reduced price target is driven by a correction in over the second half of 2024 as sector rotation into some income stocks stalled. Argus adds however that share prices of REITs tend to improve on news of easing interest rates, and the firm estimates the Federal Reserve could drop rates again by year-end. The firm contends that Prologis should continue to have a Prologis reports Q4 core FFO $1.50 with items, consensus $1.38 Q4 core FFO excluding Net Promote Income per diluted share was $1.42. Reports Q4 revenue $2.2B, consensus $1.94B. “We closed out 2024 with solid results. It was capped off with the sale of our Elk Grove data center – a turnkey facility under development – that led to significant value creation and demonstrated the end-to-end capabilities of our platform,” said President Dan Letter. “Looking ahead, our team is focused on anticipating customer needs and staying ahead of market trends to deliver on Prologis Sees Warehouse Leasing Picking Up Since Election The world’s largest industrial property developer says companies have accelerated their warehouse-leasing decisions since the U.S. presidential election in November. Prologis Reports Fourth Quarter and Full Year 2024 Results Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced the following results for the quarter and fiscal year ended December 31, 2024, as compared to the corresponding periods in 2023: Bracing for Tariffs, Logistics Operators Stand by Their Border Investments Companies are betting that nearshoring trends will outweigh potential showdowns over U.S.-Mexico trade. Prologis price target lowered to $124 from $132 at Jefferies Jefferies lowered the firm’s price target on Prologis (PLD) to $124 from $132 and keeps a Buy rating on the shares. The firm updated its analysis of real estate investment trusts on the U.S. manufacturing “boom” and its positive impacts on warehouse demand. President-elect Trump won’t hinder the Biden stimulus for manufacturing, and tariffs, or their threat, will drive U.S. companies to invest domestically, the analyst tells investors in a research note. Jefferies upgraded EastGroup (EGP) to a B The comeback of REITs: Top ways to play commercial real estate Recent indications from the Federal Reserve of fewer rate cuts next year have served as a reality check for commercial real estate. But the sector may finally regain momentum in 2025. Prologis to Announce Fourth Quarter 2024 Results January 21st Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, will host a webcast and conference call with senior management to discuss fourth quarter results, current market conditions and future outlook on Tuesday, January 21, 2025, at 9:00 a.m. PT/12:00 p.m. ET. Global Industrial Real Estate Leader Converts Illinois Warehouse into Turnkey Data Center Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced it has sold a data center development in its Chicago market to HMC Capital (ASX: HMC). Prologis, in partnership with Skybox Datacenters, is converting one of its warehouses into a high-capacity, turnkey data center with a marketed capacity of 32 megawatts (MW). Prologis downgraded to Underperform from Market Perform at BMO Capital BMO Capital downgraded Prologis (PLD) to Underperform from Market Perform with a price target of $104, down from $120. Prologis is a “world-class company with a moat business,” but its valuation screens expensive, the analyst tells investors in a research note. The firm says the company’s s embedded growth is set to moderate back to pre-COVID levels by 2026. Industrial leasing demand is down 56% year-over-year, and BMO does not see a near-term rebound with Amazon expanding modestly and shifting Prologis Declares Quarterly Dividend The Board of Directors of Prologis, Inc. (NYSE: PLD) declared a regular cash dividend for the quarter ending December 31, 2024, on the following securities: Prologis Reports Third Quarter Results Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced the following results for the quarter ended September 30, 2024, as compared to the corresponding period in 2023: Stocks to watch next week: Netflix, LVMH, ASML, Rio Tinto and Goldman Sachs Earnings preview of key companies reporting next week and what to look out for. GROUNDBREAKERS 2024: Prologis CEO, FedEx Chairman discuss Artificial Intelligence, company culture and tariffs Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today hosted its fourth annual GROUNDBREAKERS thought leadership forum in London. GROUNDBREAKERS 2024 featured trailblazers including FedEx Chairman Fred Smith, former UK Prime Minister Sir Tony Blair and Survival Expert Bear Grylls. Prologis Releases Inaugural Supply Chain Intelligence Report The 2025 Prologis Global Supply Chain Outlook report reveals that business leaders across multiple sectors are preparing for what experts are now calling a 'polycrisis'—a convergence of economic instability, fluctuating customer demands and pressing climate challenges. Conducted by The Harris Poll, this exclusive annual survey of more than 1,000 business executives in the U.S., U.K. and Germany underscores the critical need for nimbleness and resilience as companies navigate mounting challenges. Performance Overview Trailing total returns as of 3/18/2025, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) Return 1PLD.MI S&P 500 (^GSPC) YTD +8.77% -4.46% 1-Year -4.07% +9.13% 3-Year -12.19% +25.91%