Prologis, Inc.

Last price update: 21 Feb 24 23:00 GMT

Price:
$133.42
Open:
$133.24
Previous close:
$133.35
Day's range:
$133.03 - $134.49
Year's range:
$96.64 - $137.52
Net Income per Share:
3.29
Price-to-Earnings ratio:
40.55
52-week Price Range:
$130.00
Volume:
$2,424,260.00
Average volume:
$3,585,493.00

Company profile for Prologis, Inc.

Prologis, Inc. logo

Prologis, Inc., founded in 1983 and headquartered in San Francisco, is one of the world’s leading proprietors of industrial and logistics real estate. Prologis is the largest owner, operator, and developer of industrial real estate, with over 984 million sqft (91 million sqm) across 19 countries owned or under its management and control. The company boasts a customer base of over 5,500 clients, across a range of industries, including retail/online fulfillment and business-to-business sectors.

In addition to its core business, Prologis has been a leading innovator in the logistics real estate sector. The company recently acquired Industrial Property Trust, Inc. (IPT) and merged with DCT Industrial Trust Inc. (DCT) to form the largest industrial real estate provider in the United States. The two acquisitions are expected to increase Prologis’ total assets to more than $80 billion and its owned and operated sqft to almost 1.2 billion sqft (110 million sqm).

In addition to its operational commitments, Prologis has made a commitment to reducing its carbon footprint, recently pledging to achieve net-zero emissions in its owned or managed logistics assets by 2050. Prologis has already begun to integrate sustainability into its new developments, with buildings featuring low-flow water fixtures, solar paneling, and other green initiatives. The company has also expanded its venture arm, Prologis Ventures, to invest in new technologies that will further enable sustainable practices in the industrial property sector.

To further strengthen its position as the premier logistics real estate provider, Prologis has formed strategic partnerships with top industry leaders, such as Amazon, Microsoft, and Tesla, to provide innovative and modern solutions. The company recently announced a strategic partnership with Microsoft to provide cloud technology solutions that will improve efficiency and sustainability in industrial real estate, while the joint initiative with Tesla will explore the creation of a digital freight ecosystem. The company also recently entered into a strategic partnership with Amazon to create a high-tech, highly functional distribution center.

Prologis is also active in the global expand markets as part of its long-term growth strategy. The company has expanded into markets including China, Japan, France, and Belgium, providing customers with access to its state-of-the-art logistics real estate. Prologis also continues to explore new markets, such as India, and actively seeks out new opportunities to build its global footprint.

In order to ensure its long-term financial viability, Prologis has taken steps to restructure its balance sheet. The company recently entered into a $2.5 billion debt restructuring deal which includes the early redemption of $1.2 billion in senior notes and a new facility of $1.3 billion. This debt restructuring is expected to help further improve Prologis’ financial profile, allowing the company to continue its global expansion efforts.

Stock exchanges:
NYSE
Sector:
Real Estate
Industries:
REIT
Ticker:
PLD
CIK:
1045609
ISIN:
US74340W1036
Website:
https://www.prologis.com
Phone:
415-394-9000
Origin:
United States
Employees:
2,053