MEXICO CITY, Nov. 26, 2024 /PRNewswire/ -- FIBRA Prologis (BMV: FIBRAPL 14), a leading owner and operator of Class A industrial real estate in Mexico, announces that the settlement of its tender offer and reciprocal subscription for up to 100% of the outstanding Terrafina CBFIs that are not already owned by FIBRA Prologis (the "Offer"), has been completed successfully.The settlement consisted of (i) the acquisition by Fibra Prologis of 100,289,570 Terrafina CBFIs, which together with the CBFIs already owned ...

iREIT+HOYA Capital is the premier income-focused investing service on Seeking Alpha. Our focus is on income-producing asset classes that offer the opportunity for sustainable portfolio income , diversification , and inflation hedging . Get started with a Free Two-Week Trial and take a look at our top ideas across our exclusive income-focused portfolios.If you’re new to investing, seeing a low 1.2% dividend yield on the S&P 500 ( SPY ) may not be all that discouraging, as low yielding indices have been the n ...

MEXICO CITY, Oct. 30, 2024 /PRNewswire/ -- FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, announces that its Manager, Prologis Property México, S.A. de C.V., has agreed to reduce its Asset Management Fee (as defined in the Management Agreement entered into between FIBRA Prologis and the Manager), to the following structure: | --- | --- | --- | --- | |-----------------------------|-------|------------------------------------------------------------- ...

MEXICO CITY, Oct. 29, 2024 /PRNewswire/ -- FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, today reported results for the third quarter 2024.HIGHLIGHTS FROM THE QUARTER: Net effective rents on rollover were 56.2 percent. Period-end and average occupancy were 98.1 and 97.8 percent, respectively. Customer retention was 52.7 percent. Same store cash NOI was 4.4 percent. Successful first tender offer for Terrafina, 77 percent ownership acquired.Net ear ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number: 001-13545 (Prologis, Inc.) 001-14245 (Prologis, L.P.) Prologis, Inc. Prologis, L.P. (Exact name of registrant a ...

MEXICO CITY, Oct. 21, 2024 /PRNewswire/ -- FIBRA Prologis (BMV: FIBRAPL 14), a leading owner and operator of Class-A logistics real estate in Mexico, will host a webcast and conference call with senior management to discuss third quarter results, current market conditions and future outlook on Wednesday, October 30, at 9:00 a.m. Mexico Time. To access a live broadcast of the call, dial +1 888 596 4144 (toll-free from the United States and Canada), 800 269 4416 (toll-free from Mexico) or +1 646 968 2525 from ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .By now, I doubt it's a surprise to most readers that I like companies with large footprints in critical supply chains. This includes Prologis (NYSE: PLD ) , a company I called "A Shareholder's Dream" in the title ofAnalyst’s Disclosure: I/we have no stock, option or similar deri ...

Prologis' accelerating earnings growth bodes well for its ability to continue increasing its dividend at a brisk pace.Prologis (PLD 4.60%) has done a magnificent job paying dividends over the years. The leading industrial real estate investment trust (REIT) has increased its payout every year for over a decade. It's grown at a 13% compound annual rate over the last five years, more than double the rate of the S&P 500 (5%) and other REITs (5%). The industrial REIT is in an excellent position to continue incr ...

Financial Data and Key Metrics Changes - Core FFO, excluding net promote expense, was $1.45 per share, slightly ahead of forecasts, including approximately $0.03 from Prologis Ventures' exit [8][19] - Period-ending occupancy was 96.2%, nearly 300 basis points above the market, with net effective rent change at 68% and cash rent change at 44% [8][9] - The overall portfolio lease mark-to-market finished at 34%, representing $1.6 billion of potential NOI [9] Business Line Data and Key Metrics Changes - The portfolio produced net effective and cash same store growth of 6.2% and 7.2%, respectively [9] - Approximately $90 million of NOI was captured by rolling leases up to market [8] - Development projects started in the quarter exceeded $0.5 billion, with over $1.4 billion deployed in third-party acquisitions [10] Market Data and Key Metrics Changes - Global market rents decreased approximately 3% this quarter, with Southern California experiencing the longest recovery time [12][13] - Net absorption in the U.S. portfolio was 40 million square feet, with completions at 63 million square feet, leading to a market vacancy of 6.8% [63] - The under-construction pipeline is at its lowest point since 2017, indicating a potential for demand improvement as supply decreases [64] Company Strategy and Development Direction - The company is focused on operational excellence, customer centricity, and value creation to drive performance across market cycles [20] - Prologis Ventures had a successful exit, realizing a 9-times multiple on investment, indicating a strong strategic capital position [11] - The company is tightening its forecast for average occupancy and cash same store growth, reflecting a cautious approach amid market conditions [17][18] Management Comments on Operating Environment and Future Outlook - Management noted that conditions remain soft in many markets despite healthy GDP and consumption growth, attributing this to excess capacity built during COVID [12] - The company expects market rents to bottom out mid-next year, with a long-term growth trajectory remaining favorable due to replacement cost rents being approximately 15% above current market levels [15] - Management expressed confidence in the long-term outlook, despite near-term softness in demand and occupancy [20] Other Important Information - The company raised $4.6 billion of new debt at a weighted average rate of 4.6% with a maturity of approximately nine years [9] - Prologis is expanding its land bank, driving potential development opportunities over $40 billion, including projects in India [10] - The company is on track to achieve over 600 megawatts of energy generation capacity by the end of the year, with a goal of 1 gigawatt by the end of 2025 [10] Q&A Session Summary Question: How to reconcile mixed signals in industrial markets with strong leasing activity? - Management indicated that the raised acquisition guidance reflects confidence in the long-term outlook, despite current utilization keeping demand subdued [25][26] Question: Updated view on market rent growth and development starts? - Management expects softness in rents to continue but highlighted that 90% of leases roll after the next 12 months, which will mitigate short-term fluctuations [30][31] Question: Clarification on core FFO beat and full-year guidance? - Management clarified that the perceived beat was anticipated and that FX gains were not a variance item in FFO due to hedging [36][37] Question: Trends in occupancy by unit size and Southern California demand? - Management noted that demand remains soft in LA, with Class A outperforming Class B, while the Inland Empire shows better demand due to port growth [40][43] Question: How quickly can demand recover as uncertainty ebbs? - Management suggested that as spare capacity is utilized, demand will gradually increase, supported by economic growth and trade [47] Question: Update on digital and energy infrastructure initiatives? - The company reported significant progress in solar energy projects and data center developments, with a strong pipeline in both areas [58][60] Question: Net absorption and supply completions in the U.S. portfolio? - Management confirmed net absorption of 40 million square feet and completions of 63 million square feet, with rising market vacancies [63] Question: When does availability peak in the portfolio? - Management anticipates vacancies will peak in late 2024, with recovery expected to emerge later next year [68] Question: Any specific pockets driving higher development stabilization guidance? - Management indicated that development opportunities are spread globally, with no specific trends pointing to higher stabilization in any region [86]

Prologis, Inc. (PLD) reported third-quarter 2024 core funds from operations (FFO) per share of $1.43, outpacing the Zacks Consensus Estimate of $1.37. This compares favorably with the year-ago quarter’s figure of $1.30.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Reflecting the positive sentiments of investors, shares of the company gained more than 3% during the initial hours of today’s trading session. The quarterly results reflect a rise in rental revenues and healthy leasing ...