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Prologis (PLD)

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 984 million square feet (91 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.

Company profile

Ticker
PLD, PLDGP
Exchange
CEO
Hamid Moghadam
Employees
Incorporated
Location
Fiscal year end
Former names
AMB PROPERTY CORP
SEC CIK
Subsidiaries
Entities that engage in real estate operations • PLD GBP Finance LP • Liberty Property Trust UK Ltd • Prologis California Inc. • Prologis Management LLC • Prologis de Mexico S.A. de C.V. • Prologis Directorship BV • Prologis Directorship II BV • Prologis Directorship Sarl • Prologis UK Financial Services Limited ...
IRS number
943281941

PLD stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Dec 21 Sep 21 Jun 21 Mar 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 556.12M 556.12M 556.12M 556.12M 556.12M 556.12M
Cash burn (monthly) 9.65M 3.5M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 71.66M 25.97M n/a n/a n/a n/a
Cash remaining 484.46M 530.15M n/a n/a n/a n/a
Runway (months of cash) 50.2 151.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 22 Bita Cristina Gabriela Phantom Shares - NQDC Common Stock Grant Acquire A No No 0 254 0 2,755.372
30 Jun 22 Bita Cristina Gabriela Dividend Equivalent Units - NQDC Common Stock Grant Acquire A No No 0 16.684 0 2,501.372
30 Jun 22 Bita Cristina Gabriela Dividend Equivalent Units - NQDC Common Stock Grant Acquire A No No 0 35.862 0 5,376.605
30 Jun 22 George L Fotiades Dividend Equivalent Units Common Stock Grant Acquire A No No 0 173.086 0 25,949.681
30 Jun 22 George L Fotiades Dividend Equivalent Units - NQDC Common Stock Grant Acquire A No No 0 91.38 0 13,700.054
30 Jun 22 George L Fotiades Dividend Equivalent Units - NQDC Common Stock Grant Acquire A No No 0 244.284 0 36,624.071
30 Jun 22 George L Fotiades Dividend Equivalent Units Common Stock Grant Acquire A No No 0 138.733 0 20,799.36
30 Jun 22 Kennard Lydia H Dividend Equivalent Units - NQDC Common Stock Grant Acquire A No No 0 35.862 0 5,376.605
30 Jun 22 Lyons Irving F Iii Dividend Equivalent Units - NQDC Common Stock Grant Acquire A No No 0 156.796 0 23,507.452
30 Jun 22 Lyons Irving F Iii Dividend Equivalent Units Common Stock Grant Acquire A No No 0 63.932 0 9,584.969
7.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 445 491 -9.4%
Opened positions 46 101 -54.5%
Closed positions 92 83 +10.8%
Increased positions 168 154 +9.1%
Reduced positions 138 149 -7.4%
13F shares Current Prev Q Change
Total value 5.49B 5.75B -4.4%
Total shares 57.07M 56.4M +1.2%
Total puts 669.86K 612.96K +9.3%
Total calls 778.3K 421.97K +84.4%
Total put/call ratio 0.9 1.5 -40.8%
Largest owners Shares Value Change
Vanguard 5.78M $608.99M -6.3%
MFC Manulife Financial 4.97M $0 0.0%
BLK Blackrock 4.8M $505.93M +0.3%
STT State Street 4.14M $435.67M +14.8%
Capital World Investors 3.7M $389.53M +33.2%
Boston Partners 2.57M $270.64M -24.3%
Manufacturers Life Insurance Company, The 2.34M $246.63M -10.4%
Beutel, Goodman & Co 2.09M $220.45M +2.9%
Van Eck Associates 1.75M $184.6M +4.9%
Confluence Investment Management 1.07M $112.71M +3.0%
Largest transactions Shares Bought/sold Change
Capital World Investors 3.7M +922.1K +33.2%
River Road Asset Management 844.56K +844.56K NEW
Boston Partners 2.57M -826.6K -24.3%
STT State Street 4.14M +532.95K +14.8%
Norges Bank 0 -502.21K EXIT
MS Morgan Stanley 1.03M +405.17K +65.0%
Vanguard 5.78M -387.61K -6.3%
Arrowstreet Capital, Limited Partnership 0 -308.08K EXIT
Manufacturers Life Insurance Company, The 2.34M -270.82K -10.4%
Royal London Asset Management 188.79K +188.79K NEW

Financial report summary

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Management Discussion
  • ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • A discussion regarding our financial condition and results of operations for 2021 compared to 2020 is presented below. Information on 2019 is included in graphs only to show year over year trends in our results of operations and operating metrics. Our financial condition for 2019, results of operations for 2019 and 2020 compared to 2019 and details on the IPT Transaction and LPT Transaction referenced throughout this document can be found under Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations, which is incorporated by reference herein to our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the SEC on February 11, 2021, and is available on the SEC’s website at www.sec.gov and our Investor Relations website at www.ir.prologis.com.
  • Our financial condition and operating results were strong during 2021. E-commerce continues to grow well above its historical average and demand for space is robust based on our proprietary data. As demand surges, having the right logistics real estate in the right location is mission critical for our customers, which is evident with our O&M occupancy at 97.7% at December 31, 2021. Leasing activity accelerated for our portfolio during 2021. Our outlook for 2022 is equally as promising as we expect increases in market rents and asset valuations to drive our operating results as well as our execution of profitable deployment activities.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
New words: approval, aspect, carbon, consummated, cycle, dedication, downtime, Duke, enduring, environment, ESG, evidenced, gigawatt, macroeconomic, Merger, neutral, Proposed, Realty, recast, Science, SOFR, storage, thrive, trend, upsized
Removed: close, deepen, globe, inventory, labor, profitably, September, unique