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

Exchange

NYSE

Website

www.prologis.com

CEO

Hamid Moghadam

Incorporated

Delaware

Location

California

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate

Duke Realty Limited PARTNERSHIP • Claros Mortgage Trust • CBRE • Digital Realty Trust • Cushman & Wakefield • Bluegreen Vacations Holding • Regency Centers • Retail Value • Copper Property CTL Pass Through Trust • Hudson Pacific Properties ...

Former names

AMB PROPERTY LP

SEC CIK

0001045610

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

PLD stock data

1M 1Y 5Y

News

From Benzinga Pro

Looking Into Prologis's Recent Short Interest

22 Jun 22

Prologis's (NYSE:PLD) short percent of float has risen 29.46% since its last report. The company recently reported that it has 10.61 million shares sold short, which is 1.45% of all regular shares that are available for trading.

How Are REITs Performing Compared To The Rest Of The Market In 2022?

21 Jun 22

The S&P 500 just came out of its worst week since March 2020 and is still down by over 21% from the beginning of the year, with a move downward from 4,800 to under 3,800. The Real Estate Select Sector SPDR Fund (NYSEArca: XLRE) has dropped from $51.50 to $39.75, down about 22.5% for the year.

$1000 Invested In Prologis 10 Years Ago Would Be Worth This Much Today

15 Jun 22

Prologis (NYSE:PLD) has outperformed the market over the past 10 years by 2.73% on an annualized basis producing an average annual return of 13.56%. Currently, Prologis has a market capitalization of $85.13 billion.

What Are Whales Doing With Prologis

13 Jun 22

Prologis To Combine With Duke Realty In $26B All-Stock Transaction

13 Jun 22

Press releases

From Benzinga Pro

Lifshitz Law PLLC Announces Investigations of Covetrus Inc (NASDAQ: CVET), ManTech International Corporation (NASDAQGS: MANT), Prologis, Inc. (NYSE: PLD), and Duke Realty Corporation (NYSE: DRE)

22 Jun 22

NEW YORK, June 22, 2022 (GLOBE NEWSWIRE) -- Covetrus Inc (NASDAQ:CVET) Lifshitz Law PLLC announces investigation into possible breach of fiduciary duties in connection with the sale of CVET to Clayton, Dubilier

Prologis Commits to Net Zero Emissions by 2040

22 Jun 22

Sets interim targets of 1 GW solar by 2025 and net zero for operations by 2030Builds on company's leadership in green building, solar and morePublishes 2021-22 ESG ReportSAN FRANCISCO, June 22, 2022 /PRNewswire/ --

SHAREHOLDER NOTICE: Halper Sadeh LLP Investigates TPTX, DRE, ELSE, PLD

22 Jun 22

NEW YORK, June 22, 2022 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary

SHAREHOLDER INVESTIGATION ALERT: Halper Sadeh LLP Investigates TPTX, DRE, ELSE, PLD

20 Jun 22

Lifshitz Law PLLC Announces Investigations of ManTech International Corporation (NASDAQGS: MANT), Prologis, Inc. (NYSE: PLD), Electro-Sensors, Inc. (NASDAQCM: ELSE), Duke Realty Corporation (NYSE: DRE)

18 Jun 22

Analyst ratings and price targets

Last 3 months

Average target

$182.43

Low target

$160.00

High target

$193.00

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

26 Apr 22

26 Jun 22

31 Dec 22

Financial summary

Financial statements Chart PLD financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 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

Financial data from Prologis earnings reports.

Institutional ownership, Q1 2022

PLD institutional ownership history Ownership history

92.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1195	1202	-0.6%
Opened positions	124	247	-49.8%
Closed positions	131	80	+63.7%
Increased positions	485	438	+10.7%
Reduced positions	420	367	+14.4%

13F shares	Current	Prev Q	Change
Total value	110.52B	116.12B	-4.8%
Total shares	684.66M	690.54M	-0.9%
Total puts	1.78M	1.6M	+11.1%
Total calls	2.59M	907.5K	+185.4%
Total put/call ratio	0.7	1.8	-61.1%

Largest owners	Shares	Value	Change
Vanguard	97.67M	$15.77B	+1.9%
BLK Blackrock	73.17M	$11.82B	-5.0%
STT State Street	51.72M	$8.35B	+10.4%
JPM JPMorgan Chase & Co.	28.34M	$4.58B	-1.8%
FMR	22.72M	$3.67B	-0.8%
APG Asset Management US	20.42M	$3.3B	+0.0%
CNS Cohen & Steers	18.49M	$2.99B	+23.5%
TROW T. Rowe Price	15.57M	$2.51B	-20.5%
Geode Capital Management	14.21M	$2.29B	+3.7%
IVZ Invesco	12.78M	$2.06B	+2.4%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0	-6.96M	EXIT
STT State Street	51.72M	+4.86M	+10.4%
TROW T. Rowe Price	15.57M	-4.01M	-20.5%
BLK Blackrock	73.17M	-3.87M	-5.0%
CNS Cohen & Steers	18.49M	+3.51M	+23.5%
Vanguard	97.67M	+1.81M	+1.9%
MCQEF Macquarie	2.34M	+1.55M	+194.2%
Bessemer	1.38M	+1.37M	+10636.3%
Wellington Management	10.3M	+1.32M	+14.7%
Healthcare Of Ontario Pension Plan Trust Fund	343.54K	-1.1M	-76.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Good

New words: addressed, announced, Authority, broadening, cease, climate, confirmed, conflict, consumption, couple, desire, discount, easier, electric, eligible, EV, facilitating, fleet, formally, framework, Good, green, heightened, household, implementation, introduction, judgement, landscape, led, lighting, marked, meaningfully, occupied, outpace, personally, power, producing, published, pursue, reach, refugee, regulatory, REO, safety, shift, shipping, shortfall, solar, successfully, suite, surge, surging, transport, transportation, trucking, Typically, Ukraine, vehicle, visibility, voluntarily, war, warehouse, wide

Removed: accelerated, acceleration, accomplish, achieve, advisory, aggregating, assumption, automatically, banker, complementary, conform, conversion, converted, creative, delivering, delivery, diversity, efficiency, effort, embrace, emergence, emphasize, employing, encumbered, entered, excellence, execute, extending, financed, flat, floating, forefront, fourth, governance, government, highly, historically, inclusion, increasingly, infill, innovation, intangible, IPT, largely, liberty, listening, lock, longer, lowered, lowering, meeting, mitigating, Multiplied, negotiate, negotiating, noted, opportunistic, overhead, pain, positioning, premium, proxy, pursuit, redeem, redeemed, redeveloped, renewal, renovating, repurposed, resilience, responding, restarted, seek, short, similarly, skilled, social, solving, speculative, statement, stewardship, streamline, structural, suspended, swap, Targeted, terminated, Touch, transaction, treasury, turn, uncertainty, unitholder, urban, USLF, USLV

From filing 10-Q 2022 Q1

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