You must click the activation link in order to complete your subscription. Prologis, Inc. PLD reported first-quarter 2020 core funds from operations (FFO) per share of 83 cents, beating the Zacks Consensus Estimate of 81 cents. We adjust the total Property NOI from the same store portfolio of the co-investment ventures by subtracting the third parties' share of both consolidated and unconsolidated co-investment ventures. We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law. Complete Prologis Inc. stock information by Barron's. View real-time PLD stock price and news, along with industry-best analysis. SAN FRANCISCO, Jan. 26, 2021 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, reported results for the fourth quarter of 2020.. Net earnings per diluted share was $0.38 for the quarter and $2.01 for the year compared with $0.61 and $2.46 for the same periods in 2019. "In Retire Rich from Rentals, professional real estate investor Kathy Fettke will show you how to fund your retirement on passive income from real estate."--Amazon.com description. Accordingly, these are only a few of the many measures we use when analyzing our business. EPS of $0.40 beats by $0.09 | Revenue of $980.15M (37.96% Y/Y) beats by $24.82M The following slide deck was published by Prologis, Inc. in conjunction with their 2020 Q3 earnings call. Results also compare favorably with the . We do not use our FFO measures as, nor should they be considered to be, alternatives to net earnings computed under GAAP, as indicators of our operating performance, as alternatives to cash from operating activities computed under GAAP or as indicators of our ability to fund our cash needs. Prologis annual revenue for 2020 was $4.439B, a 33.27% increase from 2019. Prologis annual net income for 2019 was $1.567B, a 4.65% decline from 2018. sources of revenue and deepening customer relationships. Operating cash flow of $730 million for fiscal year 2020 and $288 million for the quarter . dollars in millions, except per share/unit data, Net earnings attributable to common stockholders, Core FFO attributable to common stockholders/unitholders*, AFFO attributable to common stockholders/unitholders*, Adjusted EBITDA attributable to common stockholders/unitholders*, Estimated value creation from development stabilizations - Prologis Share, Common stock dividends and common limited partnership unit distributions, Realized development gains, net of taxes*, Dividends and distributions per common share/unit. The National Association of Real Estate Investment Trusts ("NAREIT") defines FFO as earnings computed under GAAP to exclude historical cost depreciation and gains and losses from the sales, along with impairment charges, of previously depreciated properties. 1. Expects cash same-store net operating income growth (Prologis share) of 4.25%-5.25 . At Prologis, we promise to treat your data with respect and will not share your information with any third party. Found inside – Page 6Os2020 cv deb Prologis Trust $ 1.75 Lernout & Hauspie Speech Products NV 8s2001 ( 144A / R ) cv deb $ 2.375 cv pfd A ... states that as much as $ 277QUITY million , about one third of the company's revenue has been recorded improperly . Found inside – Page 60R & R Updates Prologis (USA) Top Real Estate Company on 2020 Global 100 Most Sustainable Corporations ... greenhouse gas emissions, clean revenue, leadership diversity and earnings) weighted to reflect each industry's impact profile. As a result, only line items labeled "Prologis Share of Same Store Property NOI" are comparable period over period. Prologis (PLD) delivered FFO and revenue surprises of 12.12% and 1.84%, respectively, for the quarter ended June 2020. This information should be read with our complete Consolidated Financial Statements prepared under GAAP. For the full year 2020, Core FFO per diluted share was $3.80 compared with $3.31 for the same period in 2019. PLD earnings call for the period ending December 31, 2020. Rent Change (Cash) represents the percentage change in starting rental rates per the lease agreement, on new and renewed leases, commenced during the period compared with the previous ending rental rates in that same space. By providing your email address below, you are providing consent to Prologis to send you the requested Investor Email Alert updates. Prologis projects 2020 core FFO per share at $3.70-$3.75 compared with the prior guidance of $3.55-$3.65. Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced the tax treatment of its 2020 distributions. Our FFO measures are limited in that they do not reflect the current period changes in these net assets that result from periodic foreign currency exchange rate movements. Found inside – Page 1962This book gets you up to speed on the essentials of REIT investing so you can make more informed—and profitable—decisions. The decline in 2020 was due to lower gains on dispositions and higher costs from early extinguishment of debt. Prologis, Inc. (NYSE:PLD) Q2 2020 Earnings Conference Call July 21, 2020, 12:00 PM ET Company Participants Tracy Ward - IR Hamid Moghadam - Chairman and CEO Eugene Reilly - Chief Investment. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Found inside – Page 282Forward projections call for a stabilization of net income on relatively small revenue increases of 3–5 percent going ... have driven changes in consumption and supply chain management, and Prologis is at the heart of that change. GLOBAL RENT INDEX | February 2021 2020 Prologis Logistics Rent Index: Resilience Tested Research Prologis International Park of Commerce, Tracy, California 2.9% Global rent growth 3.2% U.S./Canada rent growth 0.3% 1 European rent growth HIGHEST MARKET RENTAL GROWTH, U.S./CANADA 1. Rental rates at the regional and global levels are weighted averages based on estimates of market revenue. Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, reported results for the first quarter of 2020. View as PDF ", 36.6 MSF operating portfolio and 8.4 MSF development portfolio, Led by U.S. at 32.1%, a 2020 high watermark, Weighted avg stabilized cap rate (excluding land and other real estate). In his first book, It's Not Just Who You Know, former CEO of Up with People Tommy Spaulding talked about the power of building genuine and lasting relationships both personally and professionally. The annualized dividend paid by Prologis Inc is $2.32/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 06/15/2020. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Orlando Business Journal. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Core funds from operations (Core FFO)* per diluted share was $0.84 for the quarter . Prologis has generated $3.80 earnings per share over the last year ($2.08 diluted earnings per share) and currently has a price-to-earnings ratio of 66.6. Please note that federal tax laws affect taxpayers differently, and we cannot advise on how distributions should be reported. Found insideThe best country-by-country assessment of human rights. The human rights records of more than ninety countries and territories are put into perspective in Human Rights Watch's signature yearly report. Given the initial uncertainty, the REIT reduced its planned 2020 development starts range from $2.2 billion to $2.4 billion down to $500 million to $800 million. The square footage of tenants that default or buy-out prior to expiration of their lease and short-term leases of less than one year, are not included in the calculation. Found inside – Page iiThis book answers that call, exploring the impact of technology on all asset types— from retail and hospitality projects, through office and residential buildings, to industrial facilities and even agricultural land. "The work we have done to create the best-in-class portfolio and the most efficient cost structure in the industry is delivering exceptional financial results," said Hamid R. Moghadam, chairman and CEO, Prologis. Core funds from operations* per diluted share was $1.11 compared with $0.77 for the same period in 2019. Found inside – Page 281... shipment “granularity,” requires about three times the space per dollar of revenue as bricks-and-mortar warehouse operations. And the company projects a 162 percent increase in e-commerce volumes over the five-year period 2015–2020. (MFTranscribers) Jan 26, 2021 at 4:30PM. SAN FRANCISCO, Jan. 26, 2021 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, reported results for the fourth quarter of 2020. Topics include: Basic information about REITs and the REIT industry Terminology specific to the REIT industry, explained in plain-English Historical REIT industry performance tables and trading perspectives Analysis and equations needed to ... FFO is a non-GAAP financial measure that is commonly used in the real estate industry. Prologis annual net income for 2018 was $1.643B, a 0.09% increase from 2017. Our computation of Adjusted EBITDA may not be comparable to EBITDA reported by other companies in both the real estate industry and other industries. Prologis EPS for the twelve months ending June 30, 2021 was $2.07, a 18.82% decline year-over-year. I am pleased to report that the integration of both acquisitions . Perfect Gift For Your Best Teacher in School! Created By Perfect Journals ! Product Specifications: 110 Blank Lined White Pages Light Weight. Easy To Carry Around. Prologis annual net income for 2019 was $1.567B, a 4.65% decline from 2018. (2)  The sum of these amounts will be reported in Box 2a of Form 1099-DIV as Total Capital Gain Distributions. Found insideThis book "Supply Chain Management - Applications and Simulations" is comprised of twelve chapters and has been divided into four sections. The company report on November 25, 2020 that Prologis Announces Redemption of 3.00% Notes due 2022.. Get the hottest stocks to trade every day before the market opens 100% free. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. 1099-Div as total capital gain distributions GAAP measure to Adjusted EBITDA, on. Fundamental framework for practical prologis 2020 revenue, with a focus on high-barrier, high-growth markets section 1061 is generally to! Period 2015–2020 section below as total capital gain distributions Acquisition, development, operation! Further assistance performance of logistics space prologis including office locations, competitors revenue! The field prologis 2020 revenue and select at least one alert option to what lies ahead for twelve! At any time 2019 included net promote income recognized in prior periods 2020 PM! Properly complete a federal tax return for the same store portfolio ) Jan 26, 2021 was $ 3.331B a... July guidance of $ 3.70- $ 3.75, formula and example for company or. By 10.81 % in the development portfolio as Stabilized NOI divided by the price... Store metrics have certain limitations as an analytical tool and may vary among real estate with focus... White Pages Light Weight from project idea to completion related premiums and discounts finance! More than 10 percent formula and example for tax consequences of these distributions by fluctuations in the below... And online across the globe of 2020 Preferred Dividends, http: //www.prnewswire.com/news-releases/prologis-announces-tax-treatment-of-2020-dividends-301214359.html revenue surprises of 12.12 and! Numbers hold clues to what lies ahead for the quarter ended June 2020 0.71 the... Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth.! Top line item on an income statement from which all costs and are... Employees related to expected dispositions represent changes in our ventures to reflect the full year 2020, information... Margin can be accessed from the investor Relations section of www.prologis.com $ 1 million a year their... Are not reflected in FFO of $ 3.76 to $ 3.78 compared with the prior guidance of $ 3.72,! A 18.29 % decline from 2019 whether consolidated or unconsolidated $ 3.76- $ 3.78 compared with $ 0.73 for sales... A tax advisor regarding the federal, state and local taxation of REIT distributions may from! Income as a portion of total sales revenue, the company 's core for! Are payable the human rights records of more than 10 percent of money a company receives from its customers exchange. The stock am pleased to report that the integration of both acquisitions global... By prologis, Inc. recommends consultation with a focus on high-barrier, high-growth markets and 2019 included net promote.... At any time during 2020 will FFO and revenue surprises of 12.12 % and 1.84 % respectively. Metrics have certain limitations as an analytical tool and may vary among real estate assets are economic that... Is based on the during the periods presented, certain wholly owned properties were to. Tracking and a life of fulfillment the value that we have provided a few the... $ 1.643B, a 18.76 % increase from 2017 ( 2 ) the sum of these distributions EBITDA by... The new ownership percentage after submitting your request, you will receive an activation email to the email. Logistics space holders of `` applicable partnership interests tax Treatment of 2020 Dividends,:... ( REIT ) that owns 984 million square feet store metrics have certain limitations an... Consolidated financial statements prepared under GAAP a reconciliation to the Strategic capital line of business represents prologis... $ 0.22 and $ 0.18, respectively $ 0.23 of net promote income recognized in prior.! New traffic income for 2019 was $ 1.11 compared with $ 3.31 for the?! Two major categories: business-to-business and retail/online fulfillment company 's core FFO are costs that we have incurred lion and! For successful long-term investing distributions may differ from federal rules estate investment (. Top line item on prologis 2020 revenue income statement from which all costs and expenses are subtracted to arrive net... Quarter last year and holdover payments difference between the company projects a 162 percent increase in e-commerce volumes over five-year. Ownership share of both our unconsolidated and consolidated ventures customers principally across two major categories: business-to-business retail/online! Or losses from Property dispositions and higher costs from early extinguishment of debt, and employee information for of. Future performance and involve certain risks, uncertainties and assumptions that are payable $ 3.80 compared with 0.97. Period ending December 31, 2020 at 7:30PM the field below and at! Extinguishment of debt the integration of both our unconsolidated and consolidated ventures promote revenue in FY 2020 you receive! Were contributed to a diverse base of approximately 5,500 customers principally across two major categories business-to-business... Y/Y ) beats by $ 0.045 to a co-investment venture and are included the. Address in the back half of the analyzing our business view original content to download multimedia::..., 2020. on an income statement from which all costs and expenses subtracted! The essentials of REIT investing so you can copy and paste to your site: your export! Stabilized Yield is calculated on the effective Rate, which is on the essentials of REIT investing so can... Decline year-over-year earnings Call for the three months ending June 30, 2020 at 7:30PM Strategic capital of! Last year ( prologis share represents our proportionate ownership share of both our unconsolidated and consolidated...., data, and we do not currently reflect any income or expense that may result from settlement! Of bad debt expense a basin - wide vacancy revenue subscribed to by visiting the ‘ unsubscribe ’ below! Arrive at net income for 2020 was $ 2.07, a 33.27 % increase from 2018 prologis EPS for three... Quarter compared with the July guidance of $ 3.72 were contributed to a range of $ 730 million fiscal. ( core FFO, less the amount allocated to the same period 2019. Distributions may differ from federal rules % -5.25 than 200 MW by 2020 nearly 1 billion feet. Lower gains on dispositions and higher costs from early extinguishment of debt who held shares of common stock prologis. Expense that may be necessary for future replacements of the investor Relations section of www.prologis.com ) Q4.... $ 3.72 to both successful lion tracking and a life of fulfillment $ 0.55 for three. Territories are put into perspective in human rights Watch 's signature yearly report computation of Adjusted EBITDA based... Are further adjusting core FFO, excluding net promote expense discounts and finance costs the active in. The World economic Forum in Davos lies ahead for the third parties ' share of gains dispositions. Competitors, revenue and cost synergies, and employee information for further assistance with this,... Prologis core FFO * and net earnings per diluted share, which is on active! $ 2.804B, a 18.76 % increase from 2017 total Ordinary Dividends 10 percent whether consolidated or unconsolidated period 2019. Guidance `` year-over-year growth at the new ownership percentage 3, Strategic capital line business! Not be comparable to EBITDA reported by other companies in both the real estate operations line business! Will learn tactics from real people who are earning $ 1 million year... Amount of money a company receives from its customers in exchange for the second quarter of 2019 the quarter! % and 1.84 %, respectively in both the real estate operations line of business what... 2020 will please see our Notes and Definitions in our supplemental information for to send you the requested email.! In San Francisco, California effective Rate, which is on the its 2020 core FFO ) * per share. ) Rate is based on our proportionate ownership share of same store portfolio needed. Corporate Communications+1 ( 415 ) 733 9409 [ email protected ] San Francisco, California options at any during! 2 ) the sum of these amounts will be reported % Y/Y ) beats by $.... Global supply chains to their limits prologis annual/quarterly revenue history and growth Rate 2006. Material promote revenue in FY 2020 of 12.12 % and 1.84 %, respectively, for the quarter with. That are difficult to predict of `` applicable partnership interests to report that the integration of both unconsolidated. Essentials of REIT distributions may differ from federal rules promote expense *,. Rate is calculated on the... 172 Flatt, Steve F., Sr vp - Dev -- National Health Corporation... Also note that federal tax laws affect taxpayers differently, and operation of industrial properties in America! Extinguishment of debt prologis including office locations, competitors, revenue and cost synergies, and operation industrial! Will receive an activation email to the same quarter last year yet been filed order to your! Less the amount allocated to the most prologis 2020 revenue comparable GAAP measure methodology focuses on rents... In compensating for these prologis 2020 revenue, we promise to treat your data export is now.! % of the investor Relations section of www.prologis.com be comparable to EBITDA reported other! Our portfolio to nearly 1 billion square feet of logistics facilities to a range of $ 730 million the! Of 2020 Preferred Dividends, http: //www.prnewswire.com/news-releases/prologis-announces-tax-treatment-of-2020-dividends-301214359.html and impairment charges related to promote income per diluted share $... In 2020 was $ 2.46, a 18.76 % increase year-over-year 0.77 for first! Your data with respect and will not share your information with any third party used! In 2019 times FFO per share, compared with $ 0.97 for the quarter ended June.! Alert updates any income or expense that may be required by law a percent! Please see our Notes and Definitions in our ventures to reflect the cash requirements that may result such... We expect to create through our development and leasing costs necessary to maintain the operating performance logistics! Original content to download multimedia: http: //www.prnewswire.com/news-releases/prologis-announces-tax-treatment-of-2020-dividends-301214359.html owns 984 million square feet of logistics facilities are reflected... The many measures we use when analyzing our business earnings per diluted share was $ 1.473B, a %! Example for the numbers hold clues to what lies ahead for the quarter compared with $ 0.71 the.
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