Prologis Reports Third Quarter Results
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October 16, 2024 11:40 AM EDT
Goldman Sachs analyst Caitlin Burrows reiterated a Buy rating and $142.00 price target on ProLogis (NYSE: PLD).
The analyst comments "PLD reported core (including promote income) 3Q24 FFOPS of $1.43, +3.6%/+4.4% higher than GS estimate of $1.38/FactSet consensus of $1.37. Excluding promote income, PLD 3Q24 core FFO was... More
October 16, 2024 10:13 AM EDT
BTIG analyst Thomas Catherwood reiterated a Buy rating and $154.00 price target on ProLogis (NYSE: PLD)
The analyst comments " Prologis reported 3Q24 Core FFO/ch of $1.43, $0.05 above our estimate and $0.06 above the Street, primarily driven by gains from foreign currency/derivatives. The company raised FY 2024 guidance by $0.01 to $5.44 at the midpoint, which implies Q4 FFO/sh of $1.38, ($0.03) below consensus. We view Q3 earnings as... More
October 16, 2024 9:56 AM EDT
Evercore ISI analyst Steve Sakwa reiterated an In Line rating and $128.00 price target on ProLogis (NYSE: PLD).
The analyst comments "This morning, PLD reported Q3 core FFO of $1.43 which came in well ahead of our estimate / consensus of $1.37, largely on better operations as they beat us on rental revenue and strategic capital revenue while rental expenses came in lighter than... More
October 16, 2024 9:50 AM EDT
BMO Capital analyst John Kim reiterated a Market Perform rating and $122.00 price target on ProLogis (NYSE: PLD).
The analyst comments "PLD had a $0.06/share Core FFOps beat in 3Q24, although we believe this was primarily driven by currency gains with the stronger Euro... More
October 16, 2024 9:50 AM EDT
Barclays analyst Anthony F. Powell reiterated an Overweight rating and $131.00 price target on ProLogis (NYSE: PLD).
The analyst comments "Management struck a conservative tone on the September conference circuit, so the 3Q23 Core FFOps beat and slightly increased guidance likely met investors low bar.... More
