PLD Earnings Prediction
The chart below shows how PLD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PLD sees a -0.71% change in stock price 10 days leading up to the earnings, and a -0.69% change 10 days following the report. On the earnings day itself, the stock moves by -0.20%. This data can give you a slight idea of what to expect for the next quarter's release.
PLD Key Earning Data
PLD Earnings Analysis
Positive
Core FFO Performance: Core FFO excluding net promote expense was $1.45 per share, slightly ahead of forecast, including approximately $0.03 of income from the Prologis Ventures exit.
Strong Occupancy Demand: Period ending occupancy was 96.2%, nearly 300 basis points above the market average, indicating strong demand for quality spaces.
Strong Rent Growth: Net effective rent change was 68%, with cash rent change at 44%, demonstrating robust pricing power in the portfolio.
Same Store Growth Performance: The portfolio produced net effective and cash same store growth of 6.2% and 7.2%, respectively, reflecting strong operational performance.
Debt Issuance and Flexibility: Raised $4.6 billion of new debt at a weighted average rate of 4.6% and a maturity of approximately 9 years, enhancing financial flexibility.
Negative
Credit Quality Deterioration: Revenues were impacted by approximately 35 basis points of bad debt, elevated from the normal 15 to 20 basis points, indicating a deterioration in credit quality.
Market Rent Decline: Market rents decreased approximately 3% this quarter, reflecting ongoing softness in demand despite healthy GDP and consumption growth.
Cash Same Store Growth Forecast: The forecast for cash same store growth has been tightened to a range of 6.5% to 7%, indicating a reduction in expected revenue growth from existing properties.
Reduced Development Guidance: Development starts guidance has been reduced to a range of $1,750,000,000 to $2,250,000,000, reflecting slow decision-making and a disciplined approach to new projects amid stubborn demand.
Market Vacancy Trends: Net absorption for the year is projected at 160,000,000 square feet against deliveries of 300,000,000 square feet, leading to rising market vacancies, which are currently at 6.8%.
PLD FAQs
How does PLD typically perform around its earnings report dates?
PLD's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a -0.71% change leading up to the report and a -0.69% change in the 10 days following the release.
Is Earnings call transcript: Prologis beats Q4 2024 forecasts, stock gains positive or negative?
How can historical earnings data help predict future stock performance?
PLD Earning Call Sentiment
Earnings call transcript: Prologis beats Q4 2024 forecasts, stock gains
PLD.N
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