Prologis

Prologis sees market tightening again once interest rate cuts begin

Management from logistics real estate investment trust Prologis said Wednesday that uncertainty around the timing of interest rate cuts has slowed leasing demand in the near term but that its favorable longer-term outlook remains unchanged.

Prologis (NYSE: PLD) reported first-quarter core funds from operations (FFO) of $1.28 per share, in line with the consensus estimate. However, it lowered its full-year guidance by 1% to a new range of $5.37 to $5.47 compared to analysts’ expectations of $5.50...

https://www.freightwaves.com/news/prologis-sees-market-tightening-again-once-interest-rate-cuts-begin

Prologis reports in-line Q1, slightly trims 2024 outlook

Logistics warehouse operator Prologis slightly lowered its 2024 guidance on Wednesday as it expects leasing activity to “stay competitive” in some markets. It’s calling for occupancy and net operating income to step lower.

Prologis (NYSE: PLD) reported core funds from operations (FFO) of $1.28 in the first quarter of 2024, which was in line with the consensus estimate. It lowered FFO guidance by 1% to a new range of $5.37 to $5.47, which was slightly below analysts’ expectations of $5.50 at the...

https://www.freightwaves.com/news/prologis-reports-in-line-q1-slightly-trims-2024-outlook

Platform Science secures $125M to grow OEM partnerships

Platform Science, a provider of connected vehicle solutions, announced on Tuesday a significant milestone in its growth journey, securing $125 million in funding aimed at bolstering its presence in the commercial trucking sector. 

Participating in this round are existing investors 8VC, NewRoad Capital Partners, and Prologis Ventures (NYSE:PLD), joined by new backers Activant Capital, Manhattan Ventures Partners and BDT & MSD Partners.

This expansion round also witnessed participation from...

https://www.freightwaves.com/news/platform-science-secures-125m-to-grow-oem-partnerships

3 trucking majors combine to advance electric infrastructure

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Three of the nation’s largest medium- and heavy-duty truck makers snagged the apropos acronym PACT...

https://www.freightwaves.com/news/3-trucking-majors-combine-to-advance-electric-infrastructure

Prologis sees occupancy dipping through Q2 before sustained rebound

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Logistics facility owner Prologis provided a positive outlook for 2024 on Wednesday but noted that...

https://www.freightwaves.com/news/prologis-sees-occupancy-dipping-through-q2-before-sustained-rebound

Prologis’ Q4 results in line with analysts’ expectations

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Logistics real estate operator Prologis reported fourth-quarter results that were in line with...

https://www.freightwaves.com/news/prologis-q4-results-in-line-with-analyst-expectations

‘Not-in-my-backyard’ mindset threatens warehouse growth

Attendees at Prologis Inc.’s investors day heard pretty much what they came to hear. That included the logistics warehousing giant’s assessment of the macro environment, plans to build facilities occupied solely by data centers, its efforts to expand solar power use, and a broadening of its customer value proposition, among other things.

What they may not have expected to hear were comments from Prologis (NYSE: PLD) President Dan Letter that it is becoming increasingly difficult to build...

https://www.freightwaves.com/news/not-in-my-backyard-mindset-threatens-warehouse-growth

Prologis president highlights communities’ ‘anti-warehouse sentiment’

The president of logistics real estate giant Prologis, Inc. (NYSE: PLD) said Wednesday that community opposition to warehouse development is complicating his company’s efforts to respond to the nation’s burgeoning supply chain needs, acknowledging that “it’s just getting harder to build warehouses.”

Speaking at the San Francisco-based company’s first investor day in approximately four years, Dan Letter said that “anti-warehouse sentiment,” which gathered momentum in the post-pandemic period when...

https://www.freightwaves.com/news/prologis-president-highlights-communities-anti-warehouse-sentiment

Prologis announces high-level appointments

Logistics warehouse giant Prologis Inc. (NYSE: PLD) said Wednesday that it has named Carter Andrus, currently global head of operations, as the company’s COO, effective Jan. 1.

Andrus will succeed Gary Anderson, who will become senior adviser on Jan. 1 and retire from the company on June 30.

In addition, Prologis named Joseph Ghazal as chief investment officer (CIO) and Susan Uthayakumar as chief energy and sustainability officer. Both appointments take effect Jan. 1.

Ghazal will lead all of...

https://www.freightwaves.com/news/prologis-announces-high-level-appointments

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