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

PROLOGIS, INC.

(PLD)
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Prologis : Bumps Up 2020 Profit Forecasts

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07/21/2020 | 08:35am EDT

By Micah Maidenberg

 

Prologis Inc. said Tuesday it now expects to generate net earnings of between $2.06 and $2.18 a share for the year, a forecast that is higher than its previous expectation and one that comes as economies around the world face challenges tied to the coronavirus pandemic.

In April, the owner of warehouses and other properties for logistics uses said it believed it would generate a profit of $1.81 to $1.88 a share for 2020.

On Tuesday, Prologis said it anticipates earning $3.70 to $3.75 a share in so-called core funds from operations, a profit metric used by property owners that strips out costs like depreciation and gains or losses from real estate sales. That range is ahead of the April forecast of $3.55 to $3.65 a share for the measurement.

In the second quarter, the company saw broad-based demand for space from tenants, executives said.

 

Write to Micah Maidenberg at micah.maidenberg@wsj.com

 

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Financials (USD)
Sales 2020 3 743 M - -
Net income 2020 1 314 M - -
Net Debt 2020 16 410 M - -
P/E ratio 2020 56,6x
Yield 2020 2,34%
Capitalization 72 155 M 72 155 M -
EV / Sales 2020 23,7x
EV / Sales 2021 22,1x
Nbr of Employees 1 712
Free-Float 99,5%
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Technical analysis trends PROLOGIS, INC.
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 106,81 $
Last Close Price 97,67 $
Spread / Highest target 23,9%
Spread / Average Target 9,36%
Spread / Lowest Target -27,3%
EPS Revisions
Managers
NameTitle
Hamid R. Moghadam Chairman & Co-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
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