Prologis, Inc. (NYSE:PLD ) Q1 2024 Earnings Conference Call April 17, 2024 12:00 PM ET Company Participants Natasha Law - Director of Investor Relations Tim Arndt - Chief Financial Officer Chris Caton - Managing Director, Global Strategy & Analytics Dan Letter - President Hamid Moghadam - Co-Founder, Chairman and Chief Executive Officer Conference Call Participants Caitlin Burrows - Goldman Sac...
Prologis Inc (NYSE: PLD) is down about 7.0% on Wednesday even though it came in ahead of Street estimates for its fiscal first quarter. Why is Prologis stock down today?
Positive Long-Term Outlook Amid Near-Term Macroeconomic Uncertainty SAN FRANCISCO , April 17, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today reported first quarter results for 2024. Net earnings per diluted share was $0.63 for the first quarter of 2024 compared with $0.50 for the first quarter of 2023.
The U.S. real estate sector has been one of the worst-performing spaces in the past 12 months. The Vanguard Real Estate ETF NYSEARCA: VNQ fell behind the broader S&P 500 index by as much as 24% during this period.
Realty Income offers a 6%-yielding dividend that should steadily grow. Prologis has grown its high-yielding dividend at double the pace of the S&P 500 and other REITs.
Prioritizing dividend compounders over high-yield stocks can yield better results for investors with long time horizons. In today's market with stretched valuations, being a bargain hunter is difficult.
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