- Prologis reported a Core FFO (Funds From Operations) per share of $1.43, surpassing the estimate of $1.38.
- Earnings per Share (EPS) stood at $1.08.
- Occupancy rate was recorded at 95.9%, slightly below the estimate of 96.3%.
- Total revenue reached $2.04 billion, exceeding the forecast of $1.94 billion.
- Prologis achieved an operating income of $1.25 billion.
- Net operating income was reported at $1.47 billion.
- The company’s Core FFO amounted to $1.37 billion, beating the estimate of $1.31 billion.
- General and administrative expenses were $98.2 million, lower than the estimated $102.7 million.
- Analyst ratings include 19 buys, 8 holds, and no sell recommendations.
A look at Prologis Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| 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 owner, operator, and developer of industrial real estate worldwide, has garnered positive Smartkarma Smart Scores across multiple key factors. With strong scores in Dividend, Growth, Resilience, and Momentum, the company appears well-positioned for long-term success. Prologis Inc‘s solid Dividend and Growth scores suggest potential for steady income and future expansion, while its Resilience score highlights its ability to weather economic uncertainties. Additionally, the company’s Momentum score points to encouraging market performance and growth prospects.
Prologis, Inc. stands out in the industrial real estate sector, catering to a diverse range of customers including manufacturers, retailers, transportation companies, and logistics providers. Its strategic focus on global and regional markets across the Americas, Europe, and Asia underlines its robust presence and growth opportunities. Combined with its favorable Smartkarma Smart Scores, Prologis Inc appears poised for continued success in the long term, offering investors a promising outlook in the industrial real estate industry.
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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