Prologis Trims FY24 Outlook - Update

Logistics real estate firm Prologis, Inc. (PLD) reported Wednesday that net earnings attributable to common stockholders for the first quarter increased to $584.26 million or $0.63 per share from $463.17 million or $0.50 per share in the prior-year quarter.

While reporting its financial results for the fourth quarter on Wednesday, logistics real estate firm Prologis Inc. (PLD) initiated its net earnings and core funds from operations outlook for the full-year 2024.

While reporting its financial results for the third quarter on Tuesday, logistics real estate firm Prologis Inc. (PLD) raised its core funds from operations outlook for the full-year 2023.

Prologis, Inc. (PLD) and Blackstone (BX) announced Monday a definitive agreement for Prologis to acquire nearly 14 million square feet of industrial properties from opportunistic real estate funds affiliated with Blackstone for $3.1 billion in cash.

While reporting its financial results for the fourth quarter on Wednesday, logistics real estate firm Prologis Inc. (PLD) initiated its net earnings and core funds from operations outlook for the full-year 2023.

While reporting its financial results for the third quarter on Wednesday, logistics real estate firm Prologis Inc. (PLD) lowered its net earnings and core funds from operations outlook for the full-year 2022.

Prologis, Inc. (PLD) and Duke Realty Corp. (DRE) announced Monday that the two companies have entered into a definitive merger agreement by which Prologis will acquire Duke Realty in an all-stock transaction, valued at approximately $26 billion, including the assumption of debt.

The Malaysia stock market has moved higher in three straight sessions, adding almost 25 points or 1.7 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,625-point plateau and it may add to its winnings again on Tuesday. The global forecast for the Asian markets is cautiously optimistic, with strength likely from the technology shares. The European markets were up and the U.S. bourses were mixed and the Asian markets are tipped to open to the upside. The KLCI finished modestly higher on Monday following gains from the financial shares, plantation stocks and telecoms. For the day, the index gained 10.88 points or 0.67 percent to finish at 1,627.50 after trading between 1,618.28 and 1,629.81. Among the actives, Axiata spiked 2.11 percent, while Celcomdigi soared 2.46 percent, CIMB Group gained 0.44 percent, Genting climbed 1.27 percent, Genting Malaysia improved 0.73 percent, IHH Healthcare increased 0.64 percent, Kuala Lumpur Kepong gathered 0.18 percent, Maxis accelerated 1.88 percent, Maybank collected 0.71 percent, MISC perked 0.12 percent, MRDIY tumbled 1.61 percent, Petronas Chemicals strengthened 1.29 percent, PPB Group rallied 1.32 percent, Press Metal surged 3.65 percent, QL Resources sank 0.30 percent, RHB Capital and Petronas Gas both added 0.55 percent, Sime Darby slumped 1.05 percent, Sime Darby Plantations rose 0.22 percent, Telekom Malaysia advanced 1.13 percent, Tenaga Nasional jumped 1.43 percent, YTL Corporation lost 0.26 percent and YTL Power, Public Bank, IOI Corporation and Hong Leong Bank were unchanged.