Why Industrial REIT Prologis Shares Are Trading Higher Today
Why Industrial REIT Prologis Shares Are Trading Higher Today
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)發佈FY24第二季度業績報告後，股價上漲。
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.
185億美元的出租收入低於187.5億美元的共識。公司的平均入住率爲96.1%，經營組合租賃面積爲39.6MSF，開發組合租賃面積爲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稀釋後1.34美元，低於去年同期的1.83美元，但高於1.33美元的共識。
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及其合作投資企業發行了12億美元的債務，帶加權平均利率爲4.4%，期限爲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，債務佔總市值的比例爲23.7%，公司總債務所佔加權平均利率爲3.1%，期限爲9.3年，直至2026年沒有重要的債務到期。
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將淨收益每股展望上調至3.25至3.45美元（原本爲3.15-3.35美元），並修正了單股普通股責任核心FFO的指引爲5.39至5.47美元（原本爲5.37-5.47美元），高於市場共識的5.41美元。
The company reiterated average occupancy guidance of 95.75%-96.75% in FY24.
公司重申了FY24的平均入住率指引爲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."
共同創始人兼首席執行官Hamid R. Moghadam表示：“儘管客戶需求仍然低迷，但正在好轉，我們預計這一趨勢將隨着建造流水線的減少而持續。同時，我們卓越的全球組合將繼續受益於內在淨營業額潛力，數據中心和能源方面的機會讓我們對未來的增長充滿信心。”
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."
首席財務官Timothy D. Arndt表示：“此外，在本季度，我們在平衡表和基金上籌集了12億美元的債務，並啓動了高達10億美元的商業票據計劃，在美國的短期借款成本上節省了超過60個點子。”
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)
投資者可以通過Pacer工業房地產ETF股票(NYSE:INDS)和SP Funds S&P全球REIt Sharia ETF股票（NYSE:SPRE）獲得該股票的曝光。
Price Action: PLD shares are up 5.13% at $127.72 at the last check Wednesday.
截至週三最後一次查詢，Prologis股票（PLD）漲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.
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
Photo via Wikimedia Commons
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譯文內容由第三人軟體翻譯。