Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Prologis, Inc.    PLD

PROLOGIS, INC.

(PLD)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Prologis : Expands China Development Venture, Forms New China Open End Fund

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/04/2019 | 06:04pm EST

By Stephen Nakrosis

Prologis Inc. (PLD) said Wednesday it was expanding its Prologis China Logistics Venture 3, and formed a new fund.

Prologis and HIP China Logistics Investments Ltd. have committed an additional $882 million of equity value to the Prologis China Logistics Venture 3 development venture, which, with leverage, will allow it to develop $3.5 billion of warehouses in China, Prologis said.

The company also said it formed the $1.7 billion open-ended Prologis China Core Logistics Fund LP. The new fund, which has raised $445 million, will invest in operating logistics properties in China. The new fund will also acquire the existing portfolio of assets from Prologis China Logistics Venture 1.

"China represents the largest consumption opportunity in the world, with a sophisticated and rapidly-growing e-commerce market," said Prologis Chief Investment Officer Eugene F. Reilly. "Our strategy in China is to invest in the highest-quality logistics assets located in the most important consumption markets in the country."

As of Sept. 30, Prologis had $111 billion of assets under management.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PROLOGIS, INC.
01/17PROLOGIS, INC. : Other Events (form 8-K)
AQ
01/17PROLOGIS : Announces Nippon Prologis REIT's Issuance of New Investment Units
PR
01/08PROLOGIS, INC. : Completion of Acquisition or Disposition of Assets, Regulation ..
AQ
01/08PROLOGIS : Black Creek Group's Investment Fund, Industrial Property Trust, Compl..
AQ
01/08PROLOGIS : Completes $4 Billion Acquisition of Industrial Property Trust
PR
01/07PROLOGIS : North London retail park bought for conversion into online logistics ..
AQ
2019PROLOGIS, INC. : Ex-dividend day for
FA
2019PROLOGIS : to Announce Fourth Quarter 2019 Results January 22, 2020
PR
2019PROLOGIS, INC. : Change in Directors or Principal Officers (form 8-K)
AQ
2019PROLOGIS : Declares Quarterly Dividends
PR
More news
Financials (USD)
Sales 2019 2 837 M
EBIT 2019 1 102 M
Net income 2019 1 484 M
Debt 2019 12 321 M
Yield 2019 2,25%
P/E ratio 2019 42,3x
P/E ratio 2020 61,3x
EV / Sales2019 25,3x
EV / Sales2020 21,8x
Capitalization 59 555 M
Chart PROLOGIS, INC.
Duration : Period :
Prologis, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PROLOGIS, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Average target price 95,00  $
Last Close Price 94,27  $
Spread / Highest target 11,4%
Spread / Average Target 0,77%
Spread / Lowest Target -17,3%
EPS Revisions
Managers
NameTitle
Hamid R. Moghadam Chairman & Chief Executive Officer
Gary E. Anderson Chief Operating Officer
Thomas S. Olinger Chief Financial Officer
Irving F. Lyons Lead Independent Director
George L. Fotiades Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PROLOGIS, INC.5.76%59 555
GOODMAN GROUP8.15%18 425
DUKE REALTY CORPORATION2.88%13 111
AMERICOLD REALTY TRUST1.03%6 792
NIPPON PROLOGIS REIT, INC.1.63%5 987
FIRST INDUSTRIAL REALTY TRUST, INC.3.30%5 444