Prologis Earnings Review Covers 20 Years of Logistics Success

Prologis has been a leader in the logistics industry for two decades, with a proven track record of success. Founded in 1991, the company has grown exponentially, with a portfolio of over 1,000 properties across 19 countries.

Prologis' success can be attributed to its focus on providing high-quality logistics space to its customers. This focus has enabled the company to build long-term relationships with its clients, resulting in high occupancy rates and consistent revenue growth.

In 2020, Prologis reported a net income of $1.3 billion, a significant increase from the previous year. This growth can be attributed to the company's ability to adapt to changing market conditions and its focus on innovation.

Prologis' commitment to innovation has been a key factor in its success. The company has invested heavily in technology and sustainability initiatives, resulting in reduced energy consumption and increased efficiency.

Prologis reported strong financial performance in 2023, with net sales reaching $4,913 million USD in 2022 and forecasted to reach $8,152 million USD in 2025.

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was $4,093 million USD in 2022 and forecasted to reach $6,386 million USD in 2025. This represents a growth rate of 54.7% over the three-year period.

Prologis' net income was $3,359 million USD in 2022 and forecasted to reach $2,578 million USD in 2025, with an earnings per share (EPS) of $4.14 USD in 2022 and forecasted to reach $2.71 USD in 2025.

Annual Results are a big deal for any company, and Prologis is no exception. Their annual results show a steady increase in net sales, from $4.148 billion in 2021 to a forecasted $8.152 billion in 2025.

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also shows a significant increase, from $3.195 billion in 2021 to a forecasted $6.386 billion in 2025.

One of the most interesting aspects of Prologis' annual results is the comparison between actual and forecasted numbers. For example, in 2023, the company's net sales were actually $6.819 billion, which was slightly higher than the forecasted $6.869 billion.

Here's a breakdown of Prologis' annual results from 2021 to 2026:

As you can see, Prologis' annual results show a steady increase in net sales, EBITDA, and net income over the years. This is a great sign for the company and its investors.

Prologis' U.S. Logistics Fund has been a high-performing investment, delivering strong returns with low leverage.

Over the past 10 years, USLF has maintained an impressive average operating occupancy of 96.8%.

The fund has attracted a diverse group of 127 institutional investors from 15 countries, demonstrating its appeal to a wide range of investors.

USLF has also been able to meet the needs of its investors, funding $2.9 billion in redemption requests.

Here are some key statistics that highlight USLF's growth:

ProLogis, Inc. has a history of consistent quarterly dividend payments. The company has maintained a steady payout of $0.96 USD per share since 2024.

The dividend payments are made on a quarterly basis, with the record date typically falling 4-6 days before the payment date. For example, the record date for the dividend paid on December 15, 2024, was December 9, 2024.

The dividend payout has remained the same for the past year, with no changes to the quarterly amount. This consistency suggests a stable financial position for the company.

Here is a summary of the past dividend payments:

This data provides a clear picture of ProLogis' dividend history, showing a consistent payout amount and a steady decline in the dividend amount over time.

Prologis' U.S. Logistics Fund has been a consistent performer over the past 20 years, with a private flagship investment fund of $24 billion in assets under management.

One of the key highlights of USLF's performance is its strong outperformance with low leverage. This is a testament to the fund's ability to balance risk and reward.

The fund has maintained an average operating occupancy of 96.8% over the past 10 years, a remarkable feat in the logistics industry.

USLF has attracted a diverse pool of 127 institutional investors from 15 countries, a significant achievement in terms of global reach.

To date, the fund has funded $2.9 billion in redemption requests, demonstrating its financial stability and ability to meet investor needs.

In terms of geographic expansion, USLF has grown from 4.5 million square feet in 8 markets to over 125 million square feet in 28 markets, a remarkable 27-fold increase.

Prologis' sales estimates are a crucial aspect of understanding the company's financial health. The Zacks Consensus Estimate for the current quarter (3/2025) is 1.96B.

Prologis' sales have been steadily increasing, with a year-over-year growth estimate of 7.46% for the current quarter. This trend is expected to continue, with a year-over-year growth estimate of 7.78% for next year (12/2026).

Here's a breakdown of Prologis' sales estimates for the next few quarters:

The number of estimates for Prologis' sales varies by quarter, ranging from 2 to 3. This could impact the accuracy of the Zacks Consensus Estimate.

Looking at a company's recent surprise history can be a great aid in forecasting the surprise likelihood of their next outing.

The Surprise factor looks at the last few quarters of earnings surprises, which is a key metric to consider when analyzing a company's financial performance.

Companies with a positive earnings surprise are more likely to positively surprise in the future, or miss again if they recently missed.

In the case of Prologis, the average surprise over the last four quarters is a significant 5% (0.05), indicating a consistent trend of beating earnings estimates.

Here's a breakdown of Prologis' recent earnings surprises:

This data suggests that Prologis has a history of delivering positive earnings surprises, with the largest surprise being 8.70% in the quarter ending 12/2024.

Prologis recently reported strong Q3 2024 results, with net earnings per diluted share increasing 35.0% to $1.08.

The company highlighted an ongoing flight to quality within the industry and improving supply conditions. This is a positive trend for Prologis, as it indicates a growing demand for high-quality properties.

Prologis revised its 2024 guidance, narrowing the range for net earnings to $3.35-$3.45 per diluted share and Core FFO to $5.42-$5.46 per diluted share. This suggests that the company is confident in its future performance.

ProLogis, Inc. has had its fair share of sector events in the past. Let's take a look at some of the notable ones.

TERRENO REALTY CORPORATION is set to release its Q4 2024 Earnings Release today. We can expect to see the results of their financial performance.

FIRST INDUSTRIAL REALTY TRUST, INC. is also releasing its Q4 2024 Earnings Release today. Their financials will be under scrutiny.

REXFORD INDUSTRIAL REALTY, INC. is another company releasing its Q4 2024 Earnings Release today. We'll be keeping an eye on their results.

CENTURIA INDUSTRIAL REIT is projected to release its Q2 2025 Earnings Release today. Their financials will be worth watching.

FRASERS LOGISTICS & COMMERCIAL TRUST has a Q1 2025 Sales and Revenue Release scheduled for February 3, 2025. We'll be monitoring their progress.

Here's a list of the notable sector events:

Prologis, a global industrial real estate leader, has converted an Illinois warehouse into a turnkey data center. The facility has a 32 megawatts capacity.

The data center was developed in partnership with Skybox Datacenters and is part of Prologis' U.S. Logistics Fund (USLF), which focuses on premier logistics real estate and higher-use conversions.

Prologis has secured 1.6 gigawatts of power globally and has an additional 1.4 GW in advanced procurement stages. This significant power capacity will support the growing demand for data centers.

The company has completed 29 data center projects since 1999, demonstrating its expertise in this area.

Prologis has announced its quarterly dividend declarations. The company will pay a regular cash dividend of $0.96 per share on common stock. This dividend will be paid on December 31, 2024, to stockholders of record as of December 16, 2024.

Prologis has a history of consistent dividend payments, with the same amount of $0.96 per share paid out quarterly since 2024.

Here's a breakdown of Prologis' quarterly dividend payments since 2021:

Prologis' dividend payment of $0.96 per share is a significant amount for investors, and the company's history of consistent payments is a positive sign for its financial health.