Why Industrial REIT Prologis Shares Are Trading Higher Today
Why Industrial REIT Prologis Shares Are Trading Higher Today
During the quarter, Prologis and its co-investment ventures issued an aggregate of $1.2 billion of debt at a weighted average interest rate of 4.4% and a weighted average term of 10.9 years. Prologis, Inc. (NYSE:PLD) shares are trading higher after the company reported second-quarter FY24 results.
Prologis股份有限公司(NYSE:PLD)发布FY24第二季度业绩报告后，股价上涨。
Rental revenue of $1.85 billion missed the consensus estimates of $1.875 billion. The company's average occupancy stood at 96.1%, with a leased 39.6MSF operating portfolio and a 7.0MSF development portfolio.
185亿美元的出租收入低于187.5亿美元的共识。公司的平均入住率为96.1%，经营组合租赁面积为39.6MSF，开发组合租赁面积为7.0MSF。
Core funds from operations per diluted share were $1.34, lower than $1.83 a year ago but above the consensus of $1.33.
每股核心FFO稀释后1.34美元，低于去年同期的1.83美元，但高于1.33美元的共识。
During the quarter, Prologis and its co-investment ventures issued an aggregate of $1.2 billion of debt at a weighted average interest rate of 4.4% and a weighted average term of 10.9 years.
在本季度，Prologis及其合作投资企业发行了12亿美元的债务，带加权平均利率为4.4%，期限为10.9年。
As of June-end, debt as a percentage of total market capitalization was 23.7%, and the company's weighted average interest rate on its share of total debt was 3.1%, with a weighted average term of 9.3 years and no significant debt maturities until 2026.
截至6月底，债务占总市值的比例为23.7%，公司总债务所占加权平均利率为3.1%，期限为9.3年，直至2026年没有重要的债务到期。
FY24 Guidance: PLD raised the outlook for net earnings per share to $3.25 to $3.45 (from $3.15-$3.35) and revised guidance for core FFO attributable to common stockholders to $5.39 to $5.47 (from $5.37-$5.47), and against the consensus of $5.41.
FY24展望：PLD将净收益每股展望上调至3.25至3.45美元（原本为3.15-3.35美元），并修正了单股普通股责任核心FFO的指引为5.39至5.47美元（原本为5.37-5.47美元），高于市场共识的5.41美元。
The company reiterated average occupancy guidance of 95.75%-96.75% in FY24.
公司重申了FY24的平均入住率指引为95.75%至96.75%。
Hamid R. Moghadam, co-founder and CEO, said, "While customer demand remains subdued, it is improving, and we expect that trend to continue as the construction pipeline shrinks. Meanwhile, our premier global portfolio will continue to benefit from its embedded NOI potential, and opportunities in data centers and energy give us tremendous confidence in future growth."
共同创始人兼首席执行官Hamid R. Moghadam表示：“尽管客户需求仍然低迷，但正在好转，我们预计这一趋势将随着建造流水线的减少而持续。同时，我们卓越的全球组合将继续受益于内在净营业额潜力，数据中心和能源方面的机会让我们对未来的增长充满信心。”
Timothy D. Arndt, chief financial officer, stated, "In addition, during the quarter we raised $1.2 billion of debt across our balance sheet and funds, and we launched our $1 billion commercial-paper program, already saving us more than 60bps on our short-term borrowing costs in the U.S."
首席财务官Timothy D. Arndt表示：“此外，在本季度，我们在平衡表和基金上筹集了12亿美元的债务，并启动了高达10亿美元的商业票据计划，在美国的短期借款成本上节省了超过60个基点。”
Investors can gain exposure to the stock via Pacer Industrial Real Estate ETF (NYSE:INDS) and SP Funds S&P Global REIT Sharia ETF (NYSE:SPRE)
投资者可以通过Pacer工业房地产ETF股票(NYSE:INDS)和SP Funds S&P全球REIt Sharia ETF股票（NYSE:SPRE）获得该股票的曝光。
Price Action: PLD shares are up 5.13% at $127.72 at the last check Wednesday.
截至周三最后一次查询，Prologis股票（PLD）涨5.13%，至127.72美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。
Photo via Wikimedia Commons
照片通过Wikimedia Commons