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 Taiwan stock market ticked higher again on Monday, one session after ending the five-day winning streak in which it had surged more than 750 points or 3.8 percent. The Taiwan Stock Exchange now sits just above the 21,270-point plateau although it's likely to bounce higher 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 TSE finished slightly higher on Monday following mixed performances from the financial shares, technology stocks and plastics and cement companies. For the day, the index perked 13.16 points or 0.06 percent to finish at 21,271.63 after trading between 21,102.18 and 21,338.35. Among the actives, Cathay Financial sank 0.71 percent, while Mega Financial dipped 0.12 percent, CTBC Financial collected 1.18 percent, First Financial surged 3.03 percent, Fubon Financial skidded 1.07 percent, E Sun Financial improved 1.38 percent, United Microelectronics Corporation added 0.57 percent, Hon Hai Precision retreated 1.47 percent, Largan Precision shed 0.43 percent, Catcher Technology shed 0.68 percent, MediaTek rallied 2.15 percent, Delta Electronics declined 1.40 percent, Novatek Microelectronics strengthened 1.49 percent, Formosa Plastics fell 0.29 percent, Nan Ya Plastics gained 1.24 percent, Asia Cement jumped 1.91 percent, Taiwan Cement slid 0.15 percent, China Steel advanced 0.80 percent and Taiwan Semiconductor Manufacturing Company was unchanged.