PROLOGIS, INC.

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Prologis Forecasts Continued Growth in 2022

01/19/2022 | 08:58am EDT

By Will Feuer


Prologis Inc. forecasted continued growth in 2022, saying that demand remains strong for its portfolio of logistics and supply-chain real estate.

The San Francisco-based industrial landlord, a real-estate investment trust, on Wednesday said it expects net earnings for the full-year 2022 to be between $4.40 a share and $4.55 a share. The company posted net earnings of $3.94 a share for 2021.

Prologis expects to log core funds from operations of between $5 a share and $5.10 a share for the full-year 2022, the company said, compared with $4.15 share for 2021.

"Demand for our 1 billion square foot global portfolio shows no signs of slowing and we are positioned ideally to meet our customers' most critical real estate needs," said Prologis Chief Executive Hamid Moghadam.

The company said it expects to see average occupancy of between 96.5% and 97.5% in 2022. The company said average occupancy was 97.4% in the fourth quarter.

"While 2021 was a year of many records, most of the benefit from the current environment will be realized in the future," said Prologis Chief Financial Officer Thomas Olinger.


Write to Will Feuer at Will.Feuer@wsj.com


(END) Dow Jones Newswires

01-19-22 0857ET

Stocks mentioned in the article
ChangeLast1st jan.
FIBRA PROLOGIS 2.10% 51.46 End-of-day quote.-9.45%
ON SEMICONDUCTOR CORPORATION 5.40% 58.14 Delayed Quote.-18.80%
PROLOGIS, INC. 0.18% 125.47 Delayed Quote.-25.61%
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Analyst Recommendations on PROLOGIS, INC.
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Financials (USD)
Sales 2022 4 487 M - -
Net income 2022 2 987 M - -
Net Debt 2022 19 258 M - -
P/E ratio 2022 32,8x
Yield 2022 2,52%
Capitalization 92 718 M 92 718 M -
EV / Sales 2022 25,0x
EV / Sales 2023 22,4x
Nbr of Employees 2 053
Free-Float 99,7%
Chart PROLOGIS, INC.
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ProLogis, Inc. Technical Analysis Chart | PLD | US74340W1036 | MarketScreener
Technical analysis trends PROLOGIS, INC.
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 125,25 $
Average target price 176,88 $
Spread / Average Target 41,2%
EPS Revisions
Managers and Directors
Hamid R. Moghadam Chairman & Chief Executive Officer
Timothy Arndt Chief Financial Officer
Sineesh Keshav Chief Technology Officer
Gary E. Anderson Chief Operating Officer
Eugene F. Reilly Chief Investment Officer
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