- FY Core FFO Forecast Narrowed: Prologis now expects Core Funds From Operations (FFO) per share between $5.39 and $5.47, slightly up from the previous range of $5.37 to $5.47.
- EPS Forecast Increase: The Earnings Per Share (EPS) forecast is revised to a range of $3.25 to $3.45, up from $3.15 to $3.35.
- Second Quarter Core FFO: Core FFO per share for the second quarter is $1.34, surpassing the estimate of $1.33.
- Second Quarter EPS: EPS for Q2 stands at $0.92.
- Occupancy Rate: Occupancy in the second quarter was 96.1%, just below the forecasted 96.5%.
- Revenue Beat Estimates: Revenue for the second quarter was $2.01 billion, higher than the estimate of $1.94 billion.
- Operating Income: Operating income for Q2 was $1.02 billion.
- Net Operating Income: Net operating income was reported at $1.41 billion.
- Meeting Core FFO Expectations: Core FFO for the quarter came in at $1.28 billion, slightly exceeding the estimate of $1.27 billion.
- Slight Increase in General and Administrative Expenses: These expenses were $106.6 million, marginally higher than the expected $105.3 million.
- CEO’s Comments: Hamid R. Moghadam, Co-founder and CEO, stated, “We continue to outperform the industry, driven by our team and the quality of our assets.”
- Stock Recommendations: Analysts’ ratings include 21 buys, 6 holds, and 0 sells.
A look at Prologis Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
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 industrial real estate company with a global presence across the Americas, Europe, and Asia, has garnered positive outlook scores across various key factors. With a solid dividend score of 4 and robust growth score of 4, the company demonstrates promising potential for long-term investors looking for stable returns and expansion possibilities. Additionally, Prologis Inc scores well in resilience and momentum, highlighting its ability to withstand market disruptions and maintain a steady growth trajectory. Although the value score is at a moderate level of 3, the overall outlook remains positive for Prologis Inc, making it a potentially attractive investment option in the industrial real estate sector.
Prologis Inc stands out as a prominent player in the industrial real estate sector, offering modern distribution facilities to a diverse range of customers including manufacturers, retailers, and logistics providers. The company’s strong emphasis on global and regional markets underscores its strategic positioning for long-term growth and stability. With favorable scores in dividend, growth, resilience, and momentum, Prologis Inc showcases a solid foundation for sustained performance and value creation for investors. Overall, Prologis Inc‘s balanced profile across key factors bodes well for its ability to navigate market dynamics and capitalize on opportunities in the industrial real estate landscape.
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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