Last $40.94 USD
Change Today -0.29 / -0.70%
Volume 3.6M
PLD On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

prologis inc (PLD) Snapshot

Open
$41.52
Previous Close
$41.23
Day High
$41.62
Day Low
$40.69
52 Week High
05/22/13 - $45.52
52 Week Low
08/21/13 - $34.60
Market Cap
20.5B
Average Volume 10 Days
3.1M
EPS TTM
$0.40
Shares Outstanding
499.7M
EX-Date
03/10/14
P/E TM
101.2x
Dividend
$1.32
Dividend Yield
2.86%
Current Stock Chart for PROLOGIS INC (PLD)

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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: $2.5M
Chief Financial Officer
Total Annual Compensation: $1.4M
Chief Executive Officer of the Americas
Total Annual Compensation: $1.4M
Chief Executive Officer of Europe and Asia
Total Annual Compensation: $1.4M
Chief Legal Officer, General Counsel and Secr...
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2013.

prologis inc (PLD) Key Developments

Prologis, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2014; Revised Earnings Guidance for the Full Year of 2014

Prologis, Inc. reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported operating income of $71,466,000, earnings before income taxes of $18,883,000, earnings from continuing operations was $12,003,000, consolidated net earnings was $12,003,000, net earnings attributable to common stockholders of $4,666,000 or $0.01 diluted per share on total revenues of $434,682,000 against operating income of $98,972,000, earnings before income taxes of $342,717,000, earnings from continuing operations was $290,851,000, consolidated net earnings was $296,932,000, net earnings attributable to common stockholders of $265,416,000 or $0.57 diluted per share on total revenues of $490,616,000 for the same period a year ago. Adjusted net earnings - diluted was $4,683,000 or $0.01 diluted per share against adjusted net earnings - diluted of $270,833,000 or $0.57 diluted per share for the same period a year ago. The year-over-year decrease in net earnings was primarily due to a lower level of gains on the contributions and disposition of operating properties. Core funds from operations (core FFO) per fully diluted share were $0.43 for the first quarter compared to $0.40 for the same period in 2013. The company revised earnings guidance for the full year of 2014. Prologis narrowed its full-year 2014 core FFO guidance range to $1.76 to $1.82 per diluted share from $1.74 to $1.82 per diluted share. The company also narrowed its guidance for net earnings to a range of $0.06 to $0.12 per diluted share. The Core FFO and earnings guidance reflected above excludes any potential future gains (losses) recognized from real estate transactions. In reconciling from net earnings to Core FFO, Prologis makes certain adjustments, including but not limited to real estate depreciation and amortization expense, gains (losses) recognized from real estate transactions and early extinguishment of debt or redemption of preferred stock, impairment charges, deferred taxes, and unrealized gains or losses on foreign currency or derivative activity. The difference between the company's Core FFO and net earnings guidance for 2014 predominantly relates to real estate depreciation and recognized gains or losses on real estate transactions and early extinguishment of debt.

Prologis Mulls Acquisitions

Prologis, Inc. (NYSE:PLD) is seeking acquisitions. Prologis is planning to raise money from offering and part of its proceeds will be used for acquisitions too. Prologis said, "We will use the net proceeds from the sale of the common stock for general corporate purposes, which may include the repayment of indebtedness and the funding of acquisitions and investments."

Prologis, Inc. Leases 582,000 Square Feet in Latin America Developments

Prologis, Inc. announced it signed four development lease agreements in the first quarter totaling 582,000 square feet (54,000 square meters) in Brazil and Mexico. agreements include: 290,000 square feet (26,900 square meters) at Prologis CCP Dutra in Sao Paulo, pre-leased to a leading wholesale warehouse club and repeat Brazil customer. The property is proximate to the airport; and 113,000 square feet (10,500 square meters) at Prologis CCP Queimados with a major pharmaceutical distributor near Rio de Janeiro; and 179,000 square feet (16,600 square meters) at Prologis Park Toluca in Mexico to two separate customers: a regional packaging producer and a leading automotive company. The park totals 628,000 square feet (58,300 square meters) with expansion capabilities to more than 1 million square feet (92,900 square meters).

 

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Industry Analysis

PLD

Industry Average

Valuation PLD Industry Range
Price/Earnings 100.0x
Price/Sales 11.1x
Price/Book 1.5x
Price/Cash Flow 20.8x
TEV/Sales 5.7x
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