2023-07-17 13:55:36 ET
- Logistics REIT Prologis ( NYSE: PLD ) is scheduled to announce Q2 earnings results on Tuesday, July 18th, before market open.
- The consensus FFO estimate is $1.67 (+50.00% Y/Y) and the consensus revenue estimate is $1.68B (+53.48% Y/Y).
- Over the last 2 years, PLD has beaten FFO estimates 88% of the time and revenue estimates 63% of the time.
- Q1 results : FFO of $1.22 in-line and revenue of $1.77B (+45.1% Y/Y) beat by $120M.
- Ratings: Sell-side analysts: Buy ; Seeking Alpha analysts: Buy ; SA Quant Rating: Hold
- 6-months share price movement:
- Since the pandemic, deglobalization has been a topic that has further accelerated and could be the next big market factor. Some may wonder if a REIT of the size of PLD can continue to grow. I think deglobalization could be a reason to answer this question with yes, SA contributor Leon Laake said .
- Despite high valuations, PLD's strong position, supported by factors such as significant e-commerce exposure and resilient occupancy rates, makes a short position risky. PLD's underpriced lease agreements and strong balance sheet further bolster its potential for long-term value creation and growth. However, the current valuation multiples create a very tough base from which to continue delivering alpha performance, according to SA author Roberts Berzins.
For further details see:
Prologis Q2 2023 Earnings Preview